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;
- 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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