“Freedom of the press is only guaranteed when you own the press. This, I learned from [reporting for] The New York Times.“
“Long Island happened to be where LILCO, the Long Island Lighting Co., was building its Shoreham Nuclear Power Plant.
Cerra wrote dozens of articles about the plant, covering both its supporters and opponents. In 1982, Cerra’s editors asked her to write an update on the plant itself – Cerra did, discovering in the process that LILCO had misspented so much of its capital that the company was nearing bankruptcy.
Cerra’s editor said that she was “biased about the issue” and that they couldn’t run the story, as “it would affect LILCO’s stock.” On insisting that it was an important story and should be printed anyway, Cerra was again reassigned.
Later, a jury found LILCO guilty of violating racketeering laws, and the Shoreham plant was sold to the state of New York for one dollar ($1.00) to settle the suit. The state then granted LILCO $3.5 billion in rate increases, which were passed on to the consumers. A year later, Cerra resigned from the New York Times.”