Main article: Concentration of media ownershipĬritics have accused the large media conglomerates of dominating the media and using unfair practices. Therefore, the term media group may also be applied, however, it has not yet replaced the more traditional term. The media sector's tendency to consolidate has caused formerly diversified companies to appear less diverse to prospective investors in comparison with similar companies that are traded publicly and privately. Some media conglomerates use their access in multiple areas to share various kinds of content such as: news, video and music, between users. According to the magazine The Nation, "Media conglomerates strive for policies that facilitate their control of the markets around the world." Terminology Ī conglomerate is a large company composed of a number of companies ( subsidiaries) engaged in generally unrelated businesses. For the Indonesian media company, see Media Group.Ī media conglomerate, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, theme parks, or the Internet.
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