Public service broadcasting have
taken up a huge share of the media market in Britain. For example the BBC. The
BBC has a legal obligation to inform, to educate and to make sure that all
sections of society are catered for. The power of media owners is also
restricted by the government or state. For example, in some societies, owners
are not allowed to own too many different types of media. A lot of countries
also have cross ownership rules which prevents people from owning more than one
type of media. Television, newspapers and radio in Britain require legal
controls and rules are imposed by the Press Council and Ofcom.
Commercial broadcasting systems usually need to
meet minimum standards to receive a license or operating concession. These
conditions vary however they usually relate to matters such as provision for
education, local language or culture, news and information, political or other
access opportunities and minority needs.
The
image below is a good demonstration of the process of how the media has become
owned by a variety of corporations. I will briefly sum up what it is about in
text as well.
6
major media corporations are responsible for 90 % of what we read, watch and
listen to. The companies who own this are Disney, Viacom, GE, Newscorp, CBS and
Time Warner.
By
1983 50 companies owned 90% of American media companies. The six companies consolidated
that market share from 2011.They control 70% of cable broadcasting. The other 30% is from 3,762 infinitely smaller companies.
In 2001.AOL spent 124 Billion to buy Time Warner.
