Media Conglomeration: A Monopoly

Paper Summary:

This paper discusses the government's continuous deregulation of the telecommunications industry, which was intended to result in increased competition, however the exact opposite was in fact achieved. The writer of this paper discusses the growing trend by large media conglomerates that are continuously consuming their competition. As a result, the mega-media companies cited in this paper, produce and/or distribute the majority of television shows, radio programs, movies and print publications. This paper examines the makeup of several large media conglomerates such as AOL-Time Warner, which was formed in 2000 for $160 billion and the Walt Disney Company, which includes several television production companies and cable networks and more than 100 million subscribers. The writer of this paper detail the impact and control these companies have on today's media. The writer contends and explains how these particular monopolies control the traditional ideas of the free press. This paper also delves into the FCC's recently relaxed media ownership rules that allows large media conglomerates to grow even larger, resulting in a great deal of protest.

From the Paper:

"The FCC recently relaxed media ownership rules that allowed large media conglomerates to grow even larger. Thus, they set off a great deal of protest. Americans did not appreciate the fact that a small group of powerful corporations are given more control of the most important element of our democracy: our access to information. They are right to feel this way. The media monopoly allows a small amount of companies power over media outlets (independent and corporate alike, including on the Web). This is far too much power for them to possess, but this is the future face of media consolidation."

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