Write a 3 pages paper on the concentration of ownership in today’s mass media business. The media . – print, broadcast and the more recent Internet publishing – is an important sector of society. It is or its various platforms – are considered as public spaces, that is why governments, even in democratic societies, often regulate it. With the advent of globalization, the seemingly uncontrollable force of capitalism, and the rapid development in technology, the media has become a commodity that can be sold and acquired like any goods or services in the market. By the 1980s, the United States gradually deregulated the American media industries, paving the way for the open trading of media ownership. As a result, media ownership becomes increasingly concentrated as many companies and individuals see the benefits and power that come with controlling an effective tool in shaping public opinion and influencing all policy networks. Currently, six media conglomerates operate the majority of mass media platforms not just in the US but worldwide – News Corporation, Bertelsmann, Vivendi, AOL-Time Warner, Disney, and Viacom. while only three news agencies lord over the reportage and syndication of news and journalistic materials. This paper will summarize the advantages and disadvantages of the concentration of mass media ownership.
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