Concentration of media ownership

Concentration of media ownership (also known as media consolidation or media convergence) is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media. Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated and dominated by a very small number of firms.

Globally, large media conglomerates include Viacom, CBS Corporation, Time Warner, 21st Century Fox and News Corp (the former News Corporation, split in 2013), Bertelsmann AG, Sony, Comcast, Vivendi, Televisa, The Walt Disney Company, Hearst Corporation, Organizações Globo and Lagardère Group.

As of 2012, The Walt Disney Company is the largest media conglomerate in the US, with News Corporation, Time Warner and Viacom ranking second, third and fourth respectively.

In nations described as authoritarian by most international think-tanks and NGOs, media ownership is generally something very close to the complete state control over information in direct or indirect ways.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Concentration_of_media_ownership

Latest News for: Media ownership

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House urged to carefully review Meralco franchise

The Manila Times 17 May 2024

The ownership ... But the lawmaker said that the failure of the utility to ask permission to Congress on the change of ownership was "illegal" and can be compared to the situation of Sonshine Media Network International, which failed to declare to Congress its change of ownership....

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‘Print and electronic media barely covered women-specific issues or challenges faced by female candidates’

The News International 17 May 2024

This was highlighted in the findings of Uks Research Centre's month-long monitoring of the portrayal of women in the media during critical period of the elections. The findings were shared at a media dialogue held at a local hotel on Thursday ... Jabbar also questioned disparity in the ownership of media houses saying just one was owned by a woman....

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Imraan Buccus: There are good people in government doing good work

Independent online (SA) 17 May 2024

In South Africa the hysterical and supercilious tone often adopted by the white liberal media when dealing with state corruption is not present when dealing with white corporate corruption ... It has sometimes seemed as though the media assumes that anyone who believes in public ownership must automatically be corrupt....

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2024 NBA Draft Combine buzz: Will Atlanta trade No. 1 pick? How worried are owners, ...

CBS Sports 17 May 2024

When you put all 30 front offices, national media, player agents, and other power players all in the same place for the same week, there is also an inevitable amount of information sharing as the rumor mill always picks up steam heading out of Chicago ... Ownership implications of this "bad draft"....

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The new Disney, Warner and Fox sports steaming joint venture finally has a name

The Los Angeles Times 16 May 2024

The three media companies will have equal ownership shares in the new service, which will carry the suite of ESPN channels, ABC, Fox and its cable sports channels, and Warner Bros ... Amazon's Prime Video is expected to land a significant package of NBA games in the league's next media rights deal....

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'Foreign schools to boost PH nationalism'

The Manila Times 16 May 2024

In a press briefing on Wednesday, Suarez reiterated that the House only focused its resolutions on economic reforms, which include loosening ownership restrictions on several industries, including education, mass media and advertising....

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Ministers

The Daily Mail 16 May 2024

Yet with the Government unlikely to block any deal, it paves the way for the company – set up by Henry VIII in 1516 – to be taken into overseas ownership. The bid from Czech energy and media magnate Daniel Kretinsky – who earned his nicknamed due to his enigmatic approach to ......

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Avara to launch Lens Network on zkSync to expand on success of Lens Protocol

Cryptoslate 15 May 2024

“Joining the Lens team over 2.5 years ago, we set out to radically transform social media ... The launch of the Lens Network by Lens Lab under Avara marks a significant step towards creating decentralized, user-centric social media platforms that offer scalability, security, and user ownership....

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Property leaks expose vast holdings of Pakistani elite in Dubai

Beijing News 15 May 2024

The project, spearheaded by the Centre for Advanced Defence Studies (C4ADS) and supported by 74 media outlets across 58 countries, has shed light on the ownership of hundreds of thousands of properties in Dubai by political figures, globally sanctioned individuals, alleged money launderers, and criminals....

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Senate warns of unprecedented foreign interference in 2024 election

Usatoday 15 May 2024

A deep distrust of the media, law enforcement and other institutions ... internet media platforms." ... social media platforms ... “And we’ve seen the rise of a dominant social media platform – TikTok – with ownership based in a country assessed to conduct election influence campaigns.”....

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We need policy solutions to address the collapse of the media industry

The Hill 14 May 2024

Vice Media laid off several hundred workers ... Lawmakers should also take a hard look at media ownership and make moves to encourage hedge funds and private equity firms to unwind their take in media companies ... This trend could involve the transfer of media organizations to more-sustainable ownership....

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How 'news deserts' could spell the end of quality local reporting

RTE 14 May 2024

In addition to the closure of outlets, it examined factors including the viability of journalism as a career; the transfer of ownership from local to international businesses; and whether media coverage has kept pace with changing demographics ... Changing patterns of media ownership can also undermine local journalism jobs....

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Biden Shuts Down Chinese-Backed Crypto Mine Near Nuke Missile Base

Bitcoinist 14 May 2024

Just weeks earlier, a bipartisan bill was signed to ban the social media app TikTok in the United States unless its Chinese owner divests ownership ... Arkansas recently enacted laws prohibiting foreign ownership of cryptocurrency mining operations, particularly those from China, Iran, and Cuba....