Yeah, while I have respect for Greenwald's work, I struggle with the notion that a news organisation with a billionaire as its backer can maintain a fully independent editorial policy.
Of course the news organization will be biased in favor of the financier and his interests. But those interests are presumably far narrower than the interests of a mainstream news organization that has to contend with a wide breadth of advertisers and political entities.
Chomsky and Herman point to five distorting filters which I think are prevalent in most mainstream news organisations. http://en.wikipedia.org/wiki/Manufacturing_Consent:_The_Poli...