Media are significant nowadays, but have you ever thought about what are the corporations that own 90% off the news media? Billions of people around the world consume some mass media to get daily news and analysis. There are hundreds of TV channels, newspapers, and news websites.
Did you know that there are only a few companies that own 90% of the news media? One of them is Twenty-First Century Fox Inc (NASDAQ: FOXA) is an American mass media company which was spun out of News Corp (NASDAQ: NWSA) in 2013. Media tycoon Rupert Murdoch is the chairman of Twenty-First Century Fox. Another one is News Corp (NASDAQ: NWSA) runs some of the most popular news publications and journals, not only in the U.S but around the world including the U.K and Australia. As mentioned above, Rupert Murdoch spun-off News Corp (NASDAQ: NWSA) and handed the reins of the company to Robert James Thomson, editor of The Wall Street Journal. Media are essential nowadays. If you want to see what is happening in the world, you can’t find out anything without media. In the last century, a revolution in telecommunications has greatly altered communication by providing new media for long distance communication. The first transatlantic two-way radio broadcast occurred in 1906 and led to informal communication via analog and digital media. Electronic media now comes in the forms tablets, laptops, desktops, cell phones, mp3 players, DVDs, game systems, radios, and television. Technology has spiked to record highs within the last decade, thus changing the dynamic of communication. The meaning of electronic media, as it is known in various spheres, has changed with the passage of time. The term media has achieved a broader sense nowadays as compared to that given it a decade ago. Media technology has made viewing increasingly easier as time has passed throughout history children. Today, are encouraged to use media tools in school and are expected to have a general understanding of the various technologies available. However, some may argue that certain types of media can hinder face-to-face communication and therefore can result in complications like identity fraud.
If you want to see what are the corporations that own 90% of the news media, check Insider Monkey’s list of 6 Corporations Who Own 90% Of The News Media and find out more about this interesting topic.