What is meant by the 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.
What is a consequence of the concentration of media ownership?
What is a consequence of the concentration of media ownership? Fewer perspectives are presented, and those that are presented represent the concerns of corporate powers. user-generated media. What term is used when a media company owns different forms of media (like television networks and newspapers)?
What is the difference between concentration of media ownership and conglomeration?
Media concentration means that a few media companies combine together as one. This means that as time progresses, less and less company or institution controls the share of mass media. Media conglomeration means that several media companies of different purposes combines together to form conglomerates.
Why is concentration an issue in the broadcasting industry?
The concentration of media ownership reduces the diversity of viewpoints and creates a potential conflict of interest, the risk of bias, and even the suppression of information that is at odds with the economic or political interests of the parent corporation. In 1983, the US media was controlled by 50 companies.
What is globalization of the media?
As the names suggest, media globalization is the worldwide integration of media through the cross-cultural exchange of ideas, while technological globalization refers to the cross-cultural development and exchange of technology.
What do critics and activists fear most about the concentration of media ownership?
Critics and activists fear most about the concentration of media ownership is that it poses a threat to the culture of the Republic and democracy itself. Media managers and executive respond to the fears by carrying out economic discussions in popular media and educational settings.
What is the difference between consolidation and conglomeration?
As nouns the difference between consolidation and conglomeration. is that consolidation is the act or process of consolidating, making firm, or uniting; the state of being consolidated; solidification; combination while conglomeration is that which consists of many previously separate parts.
Who owns the 6 media giants?
Since the Telecommunications Act of 1996, the act that reduced the Federal Communications Commission (FCC) regulations on cross ownership, 90% of U.S. media, is owned by 6 companies, Viacom, News Corporation, Comcast, CBS, Time Warner and Disney (Corcoran, 2016; Lutz, 2012).