In the early 20th century, approximately 50 corporations controlled the majority of all news media in the United States. Today, ownership of the news media has been controlled by just six incredibly wealthy powerful media corporations. Comcast, News Corp, Viacom, Disney, Time Warner and CBS own 90% of the media people depend on for news and information. In 198, 90% of the media was owned by 50 companies so what happened? The Telecommunications Act of 1996, changed the telecommunications industry for a more competitive environment. It provided major changes in laws affecting cable TV, telecommunications, and the Internet. The main purpose was to encourage competition in telecommunication services. The objective of the law supported anyone to
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Powerful corporations also have enormous influence on mainstream media. These multinational corporations own media stations and outlets. It is no secret many of these media institutions survive on advertising fees, which can lead to the media outlet being influenced by various corporate interests. As I stated earlier, these corporations have one goal which is increasing their profits in an industry that is competitive and always evolving. Therefore, big media company interest in maximizing profits interferes with or restricts how exercise of free speech or how we make speech possible by trying to not offend or start controversy. This leaves less diversity of speech for the public. The end result is a situation in which public discussion is controlled by the opinions of big corporations and those individuals who have the money to control …show more content…
Stories can end up being biased or omitted so as not to offend advertisers or owners. Lets not forget advertisers pay corporations a big chunk of their profit. However, there is a concern how speech is made possible and how we treat speech. of ownership due to the risk of increased economic and political influence that can affect one exercising their first amendment right. A research conducted at Stockholm University Institute for International Economic Studies that points to its occurrence and influence. Additionally, the Pew Research Center has revealed that the current media industry contributes to political separation. Small local media outlets are directly impacted with limited local control over programming decisions and independently produced programming due to the ownership by large multinational
Powerful corporations also have enormous influence on mainstream media. These multinational corporations own media stations and outlets. It is no secret many of these media institutions survive on advertising fees, which can lead to the media outlet being influenced by various corporate interests. As I stated earlier, these corporations have one goal which is increasing their profits in an industry that is competitive and always evolving. Therefore, big media company interest in maximizing profits interferes with or restricts how exercise of free speech or how we make speech possible by trying to not offend or start controversy. This leaves less diversity of speech for the public. The end result is a situation in which public discussion is controlled by the opinions of big corporations and those individuals who have the money to control …show more content…
Stories can end up being biased or omitted so as not to offend advertisers or owners. Lets not forget advertisers pay corporations a big chunk of their profit. However, there is a concern how speech is made possible and how we treat speech. of ownership due to the risk of increased economic and political influence that can affect one exercising their first amendment right. A research conducted at Stockholm University Institute for International Economic Studies that points to its occurrence and influence. Additionally, the Pew Research Center has revealed that the current media industry contributes to political separation. Small local media outlets are directly impacted with limited local control over programming decisions and independently produced programming due to the ownership by large multinational