Hey Jackmanii, I’m no expert at all on the media industry – but to add to your point, isn’t it the shareholders who are more significant than the actual owners? Here’s an excerpt from an forwarded email I got (which went off on a totally different tangent, but this info seems relevant):
These are the top shareholders of
CNN parent AOL/Time Warner.
1 Janus Capital Corporation 236,950,573
2 Fidelity Management & Research
135,392,735
3 Barclays Global Investors
128,446,055
4 Alliance Capital Management L.P.
123,150,941
5 Capital Research & Management
96,781,707
6 State Street Global Advisors
92,863,179
7 Vanguard Group, Inc.
66,991,643
8 Putnam Investment Management, Inc.
63,296,299
9 American Century Investment Mgmt.
47,560,849
10 Deutsche Asset Management Americas
46,323,724
11 College Retirement Equities Fund
42,921,934
12 Wellington Management Company, LLP
39,155,589
13 AIM Management Group, Inc.
37,136,961
14 J.P. Morgan Investment Mgmt. Inc.
35,518,975
15 American Express Financial Advisors
31,107,961
16 Goldman Sachs Asset Management 30,831,164
17 Mellon Bank (Private Asset Management)
29,147,699
18 Legg Mason Inc.
27,563,859
19 Jennison Associates LLC
25,541,606
20 Zurich Scudder Investments, Inc.
20,209,135
21 Merrill Lynch Investment Managers (NJ)
18,736,157
22 Northern Trust Global Investments
18,663,609
23 Montag & Caldwell, Inc.
18,532,791
24 T. Rowe Price Associates, Inc.
16,682,834
25 New York State Common Retirement System
16,322,479