Tycoon In Takeover Bid For Post + Matichon

[camerata]

The hostile takeover bid for the Bangkok Post and Matichon by GMM Grammy is bad news for Thailand's increasingly hobbled media. According to the Nation, Grammy honcho Paiboon is known to have "a very close relationship with Prime Minister Thaksin Shinawatra."

It doesn't take a genius to figure out this is no coincidence coming as it does shortly after a post reporter was likely set up and the the paper threatened with a gazillion baht lawsuit over the airport runway cracks story.

If this succeeds, the government will be able to control the two daily newspapers read by the creme de la creme of Thai society.

I've cancelled my subscription to the Post.

RIP Thailand's "free press."

[Erwin1011]

I wait to cancel subscription until the result of the take-over. If he succeeds, I'll be gone.

[seonai]

Surprising how little interest in this topic. It is a major move in Thai politics and media control. I am amazed at how little the residents take heed of this subtle take over technique.

[khall64au]

First I've heard of it... The sky is falling in......

[britmaveric]

Does it really surprise you...? Nepotism at its best!

[seonai]

heard about it this afternoon. Khall where are you? Trying to text on Yahoo but nothing

[Thaicoon]

Sorry it's not ME,

[ovenman]

I am amazed at how little the residents take heed of this subtle take over technique.

Subtle is not a word that I would use to describe the steady forward-march of ShinCorp in all its guises. The majority of Thais still think Mr. Big walks on water...

[khall64au]

[seonai]

THAIcoon, I wasn't suggesting the bees were your fault. What's wrong dear?

[khall64au]

heard about it this afternoon. Khall where are you? Trying to text on Yahoo but nothing

<{POST_SNAPBACK}>

Guess what Seonai... i downloaded a program that made YAHOO my HOMEPAGE and I've had TERRIBLE PROBLEMS EVER SINCE>>>>>>>>>>>

YAHOO BAH>>>>>>>

[seonai]

oops did I post on the wrong place????/

[seonai]

Khall dear - me too with the Yahooo home page thing. But antway bafore we get thrown off the forum... the media takeover.... is real Grammy.... with inside contacts with Mr T

[khall64au]

Real Grammy? No comprehende dear?????

[seonai]

well that's what my mate from Asia Forum said

[bkkmadness]

Does it really surprise you...? Nepotism at its best! 

<{POST_SNAPBACK}>

How's it nepotism, are they related?

[camerata]

I think the word we're looking for is "Cronyism."