From Jim Gilliam's blog archives
Loews theatres bought by Carlyle Group

June 29, 2004 11:53 AM

If you've seen Fahrenheit 9/11, you know that the Carlyle Group plays a major role in the film. Interestingly, the Carlyle Group joined with Bain Capital and Spectrum Equity Investors to buy the 2,200 movie screens operated by Loews Cineplex.

Apparently, they've just realized that documentaries are playing a significant political role, filling the vacuum for other viewpoints left by corporate media, and must be controlled.

More from the archive in Business, Movies.

Loews theatres bought by Carlyle Group (06.29.2004)

Next Entry: "Outfoxed" is public! (07.01.2004)
Previous Entry: The Costs of the Iraq War (06.29.2004)

Read the 9 comments.

Melanie:

Jim - It's hard to know what to comment on. All your posts are so "right on." I can't wait to see what happens with the debut of Outfoxed and I can't wait to see how Uncovered moves further into the American psyche as it's re-released later this summer. Exciting yet very, very scary times ahead.

Fri Jul 9 2004 7:18 PM


njguardsman:

“If you've seen Fahrenheit 9/11, you know that the Carlyle Group plays a major role in the film. Interestingly, the Carlyle Group joined with Bain Capital and Spectrum Equity Investors to buy the 2,200 movie screens operated by Loews Cineplex.
Apparently, they've just realized that documentaries are playing a significant political role, filling the vacuum for other viewpoints left by corporate media, and must be controlled.”

Please Mr. Gilliam cant you post something that’s not a conspiracy theory??? What proof do you have that the Carlyle Group bought Loews to control what we see??? Michael Moore wasn’t stopped by Disney, his movie is there for anyone Could it be that this purchase has been in the works for some time now, or maybe they bought it because IT MAKES MONEY, yes the most evil reason of all CAPITOLISM.

Fri Jul 9 2004 8:52 PM


Jim Gilliam:

You do realize, njguardsman, that the movie theatre business has been pretty lousy for years. One could look at that as a good opportunity to pick up a struggling outfit and turn it around. And maybe that's what the Carlyle Group has in mind.

Or maybe... just maybe... They're looking at it in the same way Rupert Murdoch looks at the perpetually-money-losing New York Post: an important asset to control for political purposes.

Sat Jul 10 2004 12:40 AM


njguardsman:

Mr Gilliam

You still have no proof, only accusations. Amazon.com has been losing money for a long time too, so Jeff Bazos'(sorry about the spelling) only reason for keeping Amazon.com going is some political agenda also???

Sat Jul 10 2004 7:35 AM


Jim Gilliam:

You're right, it's simply conjecture and I have absolutely zero proof, and that's pretty obvious from the post.

And FYI...Amazon has a 33.8% revenue growth rate with a gross profit of $360M last quarter and net income of $111M.

Sat Jul 10 2004 9:29 AM


Tom Jenkins:

In September 2003, Todd Wagner and Mark Cuban (2929 Entertainment) bought Landmark Theaters which has been showing Fahrenheit 9/11 and Control Room.

Sun Sep 5 2004 2:27 PM


Tom Jenkins:

A bit of help for conspiracy theorists. I don't know how the Carlyle Group was named, but here's something from http://en.wikipedia.org/wiki/Fourth_estate which reminds us the media has always been important.

In Carlyle's On Heroes and Hero Worship (1841), he writes, "... does not... the parliamentary debate go on... in a far more comprehensive way, out of Parliament altogether? Burke said that there were three Estates in Parliament, but in the Reporters Gallery yonder, there sat a fourth Estate more important far than they all."

Sun Sep 5 2004 3:58 PM


Anonymous:

Fox News is now pushing Loews theatres..hmmm

Wed May 4 2005 8:13 PM


louisvillecable:

please see http://louisvillecable.blogspot.com

Carlyle buys Insight Communications, 9th largest cable company in US, kicks local stations off air.
Assumes ownership illegally, according to Jefferson Co. Attorney - And Citizens groups need research and action help!

It is apparent in the Louisville franchise takeover that the political effect is to shut down the only independent tv station, the only minority oriented local TV, the sole carrier of Democracy Now! and will have other negative effects on media localism.

We could use any and all Carlyle and insight research resources you might be able to refer. Please take a look at louisvillecable.blogspot.com for more info - Thanks!

Sat Dec 24 2005 6:37 PM


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