Thursday, January 01, 2009

Global media imperialists -- the big five

The global media system is now dominated by a first tier of nine giant firms. The five largest are Time Warner (1997 sales: $24 billion), Disney ($22 billion), Bertelsmann ($15 billion), Viacom ($13 billion), and Rupert Murdoch's News Corporation ($11 billion). Besides needing global scope to compete, the rules of thumb for global media giants are twofold: First, get bigger so you dominate markets and your competition can't buy you out. Firms like Disney and Time Warner have almost tripled in size this decade. (from http://www.fair.org/index.php?page=1406)



The media and us:



Read more here: http://www.fair.org/index.php?page=1406

Who owns the media in YOUR country?
What are your sources of 'invented reality'?

What a wonderful world...

1 comment:

Puteri said...

US Imperialism? That video is totally out of context. The US like their cold war opponents were proxies for many dictators/governments.

That's the reality. Like it or not.

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