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...
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1 comment:
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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