Ownerships exist in all types of businesses, including the newspaper industry. Concentrated ownership in the field of newspapers can be defined as the extreme control of a newspaper firm by the insiders (manager, BOD, etc.) Ownerships have been changing significantly for more than 60 years in Canada and has been effecting the Canadian society as a whole. The journals and articles by Kelly Blidook, Joseph Jackson, Minelle Mahtani, David Skinner, Water Soderlund are relevant and useful to the research question since they all discuss the different effects of concentrated ownership on the contemporary newspaper industry. The general concepts of ownerships, the history of concentrated ownership, the specific effects of concentrated ownership on
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Mahatani came to a conclusion that researchers suggested that representing an ethnic minority would be impossible in contemporary newspapers as it would cost the owners “too much” where the end goal would be profit. Some researchers disagreed with the previous assumption and instead claimed that it is actually only achievable to represent such minorities through the differentiation of ownerships in media organizations and has nothing to do with the profits. Canadian researches insisted that the media power remains in the hands of the “corporate elite” that run the industry. If the elite continue to dominate the media, then it would be impossible to voice the poor. Canada would be the only country worldwide that does not have any type of legislation that prevents concentration of newspaper ownership. This causes a growing monopoly in Canada’s media ownership as what is not reported in the news is as important as to what is …show more content…
Chain ownership would have several benefits on the newspaper industry such as increasing the resources that are available in the market ad well as increasing the stability of the finance that runs in the industry. The main fallbacks of ownerships are that they fall into the hands of a limited number of firms that want to maximize return on investment. The owners tend to focus more on “infotainment” rather than reporting important stories such as politics, education, health, etc. Blidook suggested several solutions to the effects that ownerships have on the contemporary Canadian newspaper industry including “relaxing the domestic ownership incentives in the Income Tax Act” so that foreign ownerships of Canadian newspapers are limited. Sole owners could also be benefited by a tax break however is difficult in the contemporary newspaper industry.
In conclusion, all of these aspects create one important point and lead to a new topic, that the concentrated ownership has always included the owners point of view in the Canadian newspaper industry and does not seem like it would change in the near future either. The articles included different view points of ownerships, with some viewing it positive, while most of the authors thought concentrated ownerships were mainly negative through the past and
Mahatani came to a conclusion that researchers suggested that representing an ethnic minority would be impossible in contemporary newspapers as it would cost the owners “too much” where the end goal would be profit. Some researchers disagreed with the previous assumption and instead claimed that it is actually only achievable to represent such minorities through the differentiation of ownerships in media organizations and has nothing to do with the profits. Canadian researches insisted that the media power remains in the hands of the “corporate elite” that run the industry. If the elite continue to dominate the media, then it would be impossible to voice the poor. Canada would be the only country worldwide that does not have any type of legislation that prevents concentration of newspaper ownership. This causes a growing monopoly in Canada’s media ownership as what is not reported in the news is as important as to what is …show more content…
Chain ownership would have several benefits on the newspaper industry such as increasing the resources that are available in the market ad well as increasing the stability of the finance that runs in the industry. The main fallbacks of ownerships are that they fall into the hands of a limited number of firms that want to maximize return on investment. The owners tend to focus more on “infotainment” rather than reporting important stories such as politics, education, health, etc. Blidook suggested several solutions to the effects that ownerships have on the contemporary Canadian newspaper industry including “relaxing the domestic ownership incentives in the Income Tax Act” so that foreign ownerships of Canadian newspapers are limited. Sole owners could also be benefited by a tax break however is difficult in the contemporary newspaper industry.
In conclusion, all of these aspects create one important point and lead to a new topic, that the concentrated ownership has always included the owners point of view in the Canadian newspaper industry and does not seem like it would change in the near future either. The articles included different view points of ownerships, with some viewing it positive, while most of the authors thought concentrated ownerships were mainly negative through the past and