Misplaced Pages

Media conglomerate: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively
← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 22:58, 2 January 2014 edit98.195.211.121 (talk)No edit summary← Previous edit Revision as of 19:08, 15 January 2014 edit undo156.99.40.14 (talk)No edit summaryNext edit →
Line 2: Line 2:
A '''media conglomerate''', '''media group''' or '''media institution''' is a ] that owns large numbers of companies in various ] such as ], ], ], ], and the ]. Media conglomerates strive for policies that facilitate their control of the markets around the world.<ref>Moglen, Eben, Michael Pertschuck, and Scott Sherman, (1999). "Editorials" (''Nation'', 269: 18). p. 12. ISSN: 00278378</ref> A '''media conglomerate''', '''media group''' or '''media institution''' is a ] that owns large numbers of companies in various ] such as ], ], ], ], and the ]. Media conglomerates strive for policies that facilitate their control of the markets around the world.<ref>Moglen, Eben, Michael Pertschuck, and Scott Sherman, (1999). "Editorials" (''Nation'', 269: 18). p. 12. ISSN: 00278378</ref>


According to the 2013 ] list, ] is America's largest media conglomerate in terms of revenue, with ] (now ] & ]), ], ], and ] completing the top five.<ref></ref> Other major players are ]'s ] division and ]'s ] ]. According to the 2013 ] list, ] is America's largest media conglomerate in terms of revenue, with ], ], ], and ] completing the top five.<ref></ref> Other major players are ]'s ] division and ]'s ] ].


==Terminology== ==Terminology==
Line 21: Line 21:
! !
! ]/<br>] ! ]/<br>]
! ] ! ]
! ] ! ]
! ] ! ]
! ] ! ]
! ] ! ]
! ]
|- |-
! Movie production studio ! Movie production studio
Line 32: Line 31:
|] |]
|] |]
|] |], ]
|] |]
|] |]
|]
|- |-
! Theme park resorts ! Theme park resorts
Line 44: Line 42:
|] |]
||] (5%) ||] (5%)
|
|- |-
! Broadcast television network ! Broadcast television network
Line 50: Line 47:
|], ], ], ] |], ], ], ]
|], ] |], ]
|], ] (50%) |], ] (50%), ] (Fall 2013)
| |
|] (50%) |] (50%)
|] (Fall 2013)
|- |-
! Cable channels ! Cable channels
Line 62: Line 58:
| ] (33%), ], ], ] | ] (33%), ], ], ]
|], ], ], ] |], ], ], ]
|
|- |-
! News, political, business channels ! News, political, business channels
Line 71: Line 66:
| |
|]/] |]/]
|
|- |-
! National sports networks ! National sports networks
Line 80: Line 74:
| |
|] |]
|
|- |-
! Record label ! Record label
Line 89: Line 82:
| |
|] |]
|], ], ]
|- |-
! Publishing ! Publishing
| |
|], ],]
|
|], ] |], ]
|] |]
| |
|], '']'', '']'', '']'' |], '']'', '']'', '']''
|
|- |-
! Internet ! Internet
Line 106: Line 97:
|], ], ] |], ], ]
| |
|] |], ]
|]
|} |}


==Other examples== ==Other examples==
Some of the most well-known media conglomerates include: Some of the most well-known media conglomerates include:
*]
*] *]
*] *]
*] *]
*]
*] *]
*] (owned by ]) *] (owned by ])
Line 147: Line 135:
*] *]
*Neoformat *Neoformat
*] *]
*] *]
*] *]

Revision as of 19:08, 15 January 2014

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Media conglomerate" – news · newspapers · books · scholar · JSTOR (December 2013) (Learn how and when to remove this message)

A media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet. Media conglomerates strive for policies that facilitate their control of the markets around the world.

According to the 2013 Fortune 500 list, The Walt Disney Company is America's largest media conglomerate in terms of revenue, with News Corporation, Time Warner, CBS Corporation, and Viacom completing the top five. Other major players are Comcast's NBCUniversal division and Sony's Sony Corporation of America subsidiary.

Terminology

A conglomerate is, by definition, a large company composed of a number of smaller companies engaged in seemingly unrelated businesses.

It is questionable whether media companies are unrelated, as of 2007. The trend has been strongly for the sharing of various kinds of content (news, film and video, music for example). The media sector is tending to consolidate, and formerly diversified companies may appear less so as a result. Therefore, the term media group may also be applied, however it has not so far replaced the more traditional term.

Criticism

Main article: Concentration of media ownership

Critics have accused the larger conglomerates of dominating media, especially news, and refusing to publicize or deem "newsworthy" information that would be harmful to their other interests, and of contributing to the merging of entertainment and news (sensationalism) at the expense of tough coverage of serious issues. They are also accused of being a leading force for the standardization of culture (see globalization, Americanization), and they are a frequent target of criticism by various groups which often perceive the news organizations as being biased toward special interests.

There is also the issue of concentration of media ownership, reducing diversity in both ownership and programming (TV shows and radio shows). There is also a strong trend in the United States for conglomerates to eliminate localism in broadcasting, instead using broadcast automation and voice-tracking, sometimes from another city in another state. Some radio stations use prepackaged and generic satellite-fed programming with no local content, except the insertion of radio ads.

Notable examples

Comcast/
NBCUniversal 		News Corporation Walt Disney Co. CBS Viacom Time Warner
Movie production studio Universal Studios 20th Century Fox Walt Disney Studios CBS Films, Sony Pictures Entertainment Paramount Pictures Warner Bros.
Theme park resorts Universal Parks and Resorts Walt Disney Parks and Resorts Nickelodeon Suites Resort Orlando Parque Warner Madrid (5%)
Broadcast television network NBC, Cozi TV,
Telemundo 		Fox, MyNetTV, MundoFox, Movies! ABC, LWN CBS, The CW (50%), GetTV (Fall 2013) The CW (50%)
Cable channels NBCUniversal Cable, Bravo, Mun2, Oxygen FX Networks, National Geo ABC Family, A+E Networks (50%), Disney Channels, Fusion TVGN (50%), Showtime Networks Epix (33%), MTV, Nickelodeon, Comedy Central TNT, TBS, HBO, Cartoon Network
News, political, business channels MSNBC, CNBC, Weather Channel Fox News, Fox Business ABC News Now, Fusion (50%) CNN/HLN
National sports networks NBC Sports Network, Golf Channel, NHL Network (15.6%), Comcast SportsNet Fox Sports Networks, Fox Sports 1, Fox Sports 2 ESPN, ESPN2, ESPNEWS CBS Sports Network NBA TV
Record label Fox Music Walt Disney Records CBS Records WaterTower Music
Publishing Wall Street Journal, New York Post,HarperCollins Marvel Comics, Disney Publishing Worldwide Simon & Schuster DC Comics, Time, People, Sports Illustrated
Internet iVillage, Fandango, Hulu (32%) Fox Sports Digital Media, Hulu (36%) Disney Interactive Media Group, Hulu (32%) CBS Interactive, CNET, MTV New Media AOL, Flixster

Other examples

Some of the most well-known media conglomerates include:

See also

Notes

  1. Moglen, Eben, Michael Pertschuck, and Scott Sherman, (1999). "Editorials" (Nation, 269: 18). p. 12. ISSN: 00278378
  2. - Fortune 500
Categories: