Media Ownership Essay

2763 WordsMar 16, 201412 Pages
WHAT IS MEDIA OWNERSHIP? * Media ownership is a term that is used to describe the practice whereby increasingly fewer persons manage increasing share of the mass media. Media elements include: TV, radio, movies, books, newspapers and the Internet. The media is credited with shaping a society's way of thinking. * Media ownership is the immediate access to the readers, listeners and viewers of publications that media companies have which allows them to influence economic, political and other multinational concerns. WHO OWNS THE MEDIA? * The six corporations that collectively control U.S. media today are Time Warner, Walt Disney, Viacom, Rupert Murdoch's News Corp., CBS Corporation and NBC Universal. Together, the "big six" absolutely dominate news and entertainment in the United States. But even those areas of the media that the "big six" do not completely control are becoming increasingly concentrated. For example, Clear Channel now owns over 1000 radio stations across the United States. Companies like Google, Yahoo and Microsoft are increasingly dominating the Internet. * In 2004 the country had 225 television stations, 369 AM radio broadcast stations, 583 FM radio broadcast stations, 10 internet radio stations and 5 shortwave stations. Although some media outlets, such as IBC (television) and the Philippine Broadcasting Service (radio), are government-run, most outlets are privately owned. Much media ownership is concentrated in the hands of prominent families and businesses. Consequently, some reports tend to be one-sided presentations favoring special interests. The privately owned press also tends toward sensationalism at times. WHAT DOES CONCENTRATION OF OWNERSHIP MEANS? * Also known as media consolidation or media convergence * Is a process whereby progressively individuals or organizations control increasing sales of the mass

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