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The fall of the liberal media

There is much irony in the fact that while liberals have won power in Washington big time, left-wing media are collapsing all over the place. In the last couple of weeks, the Seattle Post-Intelligencer, the Minneapolis Star Tribune and the mother of all liberal publications, The New York Times, each has issued SOS announcements.

The Seattle paper will cease publication in March unless a buyer is found. Even though it can't pay its bills, the Post-Intelligencer should have been inducted into the left-wing hall of fame after its publisher told the FBI to buzz off when the agency asked for media help in locating two possible terror suspects.

The Minneapolis paper, dubbed the Red Star by some in Minnesota, filed for bankruptcy after its earnings dropped more than 50 percent in one year. That despite the presidential vote and a vicious election between Sen. Norm Coleman and Al Franken.

As for The New York Times: It is Twilight Zone time. The paper was already trying to use equity in its Manhattan office building to pay debts, and now has borrowed $250 million from Mexican billionaire Carlos Slim Helu. And get this: The Times is paying old Carlos an astounding 14 percent interest. What, was Tony Soprano not available? Does the description 'loan shark' mean anything to the ideologues running the Times? The prime lending rate in America is 3.25 percent, and these guys are paying Carlos Slim 14 percent. Wow.

On the TV front, the uber-liberal, Bush-hating MSNBC network ranked 31 in total day ratings for the first two weeks of January. I think that's right behind the 'Roller Derby Channel.' General Electric, which owns NBC, has taken a sharp turn to the left in its corporate philosophy and, at the same time, is watching its stock price decline from about $50 a share to around $13. The fact that GE CEO Jeffrey Immelt still has his job ranks up there with the miracle of the US Airways water landing.

Why are the liberal media taking a pounding when the left now controls Congress and the Oval Office? It may be because of the economy. After the recession blindsided the folks last fall, anger filled the air. Why weren't we warned that the financial industry was awash in bad housing loans? President Bush and Sen. John McCain had no answer. So the folks voted for the Democrats.

But that doesn't mean the American people became liberals overnight. In fact, some folks became even more conservative with their spending and lifestyles. The images of left-wing media people gloating over the failure of the Bush administration did not cheer many people up. In fact, I believe it teed a lot of them off.

Despite the power shift in Washington, America remains a traditional country that largely rejects big government and radical social change. The former hippies running the crazy-left media will never get that. They believe most Americans want gay marriage, political correctness and unfettered abortion. They believe everyday folks think ponytails and pierced ears on old guys are cool.

Well, these Abbie Hoffman wannabes are sadly out of touch. And soon, maybe out of work.

Veteran TV news anchor and author Bill O'Reilly is a host on Fox News.