6 major companies are dictating about 90% of the media we have access to. In less than 30 years the number of companies providing us with our media has dropped from 50 to just 6. The six companies consisting of GE, New-corp, Disney, Viacom, Time Warner, and CBS. If your wondering who owns the major networks its CBS of course, GE owns NBC, News-corp owns fox, and Disney owns ABC.
One reply on “Media Consolidation and The Illusion of Choice”
I guess they played their cards well. The best way to surely get the market is to spread different properties all over. With regards to media, well they are doing good business. Although only 6 of them control national TV, they still have to compete with each other as each stands on their own.