Past Issues :: 2006 December 15 :: News: Fast
Facts
Fast Facts
Who owns the media these days? A handful of executives, actually.
Here’s a little background on who’s feeding you information:
In 1982, 50 corporations controlled over half of the media businesses,
by the end of 1986 this number had shrunk to 29, and
by 1987 to 26. In 2003, the number was less than 10.
The seven current media conglomerates are Disney, CBS, Time Warner,
News Corp., Bertelsmann AG, Viacom and General Electric.
These companies together own more than 90 percent of
the media market.
News Corp., the majority owner of the Fox Entertainment
Group (including Fox Television stations), is the world's
largest publisher of English-language newspapers, including
the New York Post.
Factoring cable service, Time Warner is the largest media conglomerate
in the world.
