Tuesday 4 March 2014

Share of Ownership

Share of Ownership relates to concentration of Media Ownership which means that a very small number of corporations are controlling an increasing amount of the media industry. 

Today, some of the largest contributors to the UK media industry are;
the BBC
- Ofcom
- ITV
- Northern & Shell

In America, roughly 90% of the media is owned by "The Big Six". The Big Six includes General Electric, Walt Disney, News Corp, Time Warner, Viacom and CBS.

Walt Disney: In 2009, Disney had revenues of $36.1 billion. 

Disney owns; 
- ABC Television network 
- Cable networks such as; ESPN, the Disney Channel, SOAPnet, A&E and Lifetime 
- 277 radio stations
- Music and book publishing companies 
- Film production companies; Touchstone, Miramax and Walt Disney Pictures
- Pixar Animation Studios
- Disney Mobile
- Worldwide theme parks

News Corp,  founded in 1979 by Australian born Rupert Murdoch, basically have fingers in a million different pies causing them to dominate a large portion of the media industry, much like Disney.

News Corp owns (or part owns)
- Fox Entertainments Group (20th & 21st Century Fox, FOX, etc)
- The Wall Street Journal
- The Times / The Sunday Times
- New York Post
- The Daily Telegraph / The Sunday Telegraph (non-UK)
- The Sunday Mail (non-UK)
- Vogue (Australia)
- GQ (Australia)

Plus many more.

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