6 Companies Control 90% Of Media
6 Companies Control Media–
Media consolidation is a topic that more Americans need to understand.
Basically, our media – television, news, internet, magazines, radio, etc. – are being controlled by the same 6 companies. As these giants continuously acquire new companies thus influencing the information they distribute.
The Great Media Consolidation continues:
– NYT buys The Athletic
– BuzzFeed buys Complex
– VOX buys GroupNine
– Axel Springer buys Politico
– Dot Dash buys Meredith
– Minute Media buys Player's Tribune
What's next? https://t.co/P435ij5Zxc
— Cristian Nyari (@Cnyari) January 6, 2022
This is important because Americans spend roughly 12 and a half hours per day consuming news.
Most notably, the average person spends about 90 minutes watching TV, which is controlled by these six companies: Comcast, The Walt Disney Company, News Corp, NBCUniversal, ViacomCBS, and Discovery.
And if you have cable or satellite TV, the chances are that your provider is owned by one of these conglomerates as well.
Even if you don’t watch much television, it’s likely that you still consume news from these companies in some way. For example, many people get their news from social media platforms like Facebook and Twitter. But did you know that both Facebook and Twitter are also controlled by these six corporations?
When this happens, the same narratives get regurgitated across various outlets. Going seemingly unnoticed by the typical news consumer.
It’s not just what we watch or read that’s controlled by these corporations. It’s also the music we listen to. In fact, 90% of the top 100 songs are controlled by just four companies: Sony Music Entertainment, Universal Music Group, Warner Music Group, and BMG Rights Management.
These companies have a stranglehold on our media. And this consolidated control over what we see and hear has major implications for society and way of life.
When large corporations own most of the media outlets in a country, they have the power to shape public opinion by dictating which stories get covered and how get they told.
You know I'm starting to think letting just 15 billionaires own the media wasn't that great of an idea
— The fed up Chef (@TheChefsGardens) April 6, 2022
6 Companies Control Media
Just look at these interlocks from a 2012 list compiled by FAIR:
- CBS/Viacom: Amazon, Pfizer, CVS, Dell, Cardinal Health and Verizon
- Fox/News Corp: Rothschild Investment Corporation, Phillip Morris, British Airways and New York Stock Exchange
- ABC/Disney: Boeing, City National Bank, FedEx and HCA Healthcare
- NBC: Anheuser-Busch, Morgan Chase & Co., Coca-Cola and Chase Manhattan
- CNN/TimeWarner: Citigroup, American Express, Fannie Mae, Colgate-Palmolive, Hilton Hotels, PepsiCo, Sears and Pfizer
- The New York Times Co: Johnson & Johnson, Ford, Texaco, Alcoa, Avon, Campbell Soup, Metropolitan Life and Starwood Hotels & Resorts
In short, these corporations have a vested interest in protecting their profits and shareholder value. This means that they’re not going to report on anything that might make them look bad or damage their bottom line.
For example, you’re not likely to see a story on the nightly news about how one of these companies is polluting our environment or harming our health. Nor are you likely to see a story about how these companies are exploiting workers or engaging in price gouging.
This allows them to spin the narrative in their favor and present themselves in a positive light. They also get to chose who the villains are, ultimately directing the public’s attention in whichever direction they choose.
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6 Companies Control Media