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Tuesday, November 15, 2016
Who Owns the Media?
Who Owns the Media?
Massive corporations dominate the U.S. media landscape. Through a history of mergers and acquisitions, these companies have concentrated their control over what we see, hear and read. In many cases, these companies control everything from initial production to final distribution. In the interactive charts below we reveal who owns what.
Company Overview: These private equity firms own Clear Channel, the largest radio station owner in the country. Approximately half of the company's revenue is generated from radio broadcasting. The remaining half comes from advertising companies and other investments.
Radio: 866 radio stations and Premiere Radio Networks (a national radio network that produces, distributes or represents approximately 90 syndicated radio programs, serves nearly 5,800 radio station affiliates and has over 213 million weekly listeners. Programs include the Rush Limbaugh Show, Glenn Beck and the Sean Hannity Show); Fox Sports Radio; Fox News Radio; Australian Radio Network
Other: Katz Media (radio advertising broker); American Outdoor Advertising
Access to high-speed Internet service — also known as broadband — has become a basic public necessity, just like water or electricity.
Yet despite its importance, broadband access in the United States is far from universal. Millions of Americans still stand on the wrong side of the "digital divide," unable to tap into the political, economic and social resources of the Web. Meanwhile, cable and phone companies — which hold virtual monopolies over the infrastructure of the Internet — often refuse to build out high-speed broadband to regions that need it most, and actively seek to block communities from seeking their own broadband solutions.
Consolidation has contributed to tough times for the newspaper industry. When the industry was swimming in profits in the 1990s, big media companies used 14–27 percent profit margins to buy up other properties rather than invest in the quality of their existing products or innovate for the future. Now they want to make it possible for a given company to own a newspaper and a broadcast station in the same market.
Giant companies like Apple, Facebook and Google are slowly reconstituting the Internet's walled gardens of old. As these companies try to steer us to their increasingly closed versions of the Internet — and to marketers who benefit from mining our personal information — we must fight for policies that protect our rights as Internet users.