conglomerate

(noun)

A corporation formed by the combination of several smaller corporations whose activities are unrelated to the corporation's primary activity. <!--<span style="font-variant:small-caps;text-transform:lowercase">example:</span> General Electric Company.-->

Examples of conglomerate in the following topics:

  • Regulation of the Media

    • The Walt Disney Company is America's largest media conglomerate in terms of revenue.
    • American media conglomerates tend to be leading global players, generating large revenues as well as large opposition.
    • A media conglomerate is a company that owns large numbers of companies in various mass media including television, radio and publishing.
    • Media conglomerates strive for policies that facilitate control of markets across the globe.
    • According to the 2012 Fortune 500 list, The Walt Disney Company is America's largest media conglomerate in terms of revenue.

  • Types of Media

    • American media conglomerates tend to be leading global players, generating substantial revenue, not to mention fierce opposition in many parts of the world.
    • Further deregulation and convergence are under way, suggesting more mega-mergers, greater concentration of media ownership, and the emergence of multinational media conglomerates.

  • Organization and Ownership of the Media

    • In the case of Sony BMG, there was a "Big Five" (now "Big Four") conglomerate of major record companies, while The CW's creation was an attempt to consolidate ratings and stand up to the "Big Four" of American television (this was despite the fact that The CW was, in fact, partially owned by CBS, one of the "Big Four").

  • Nationalization of the News

    • A few factors are contributing to this trend, including the pressure in generating new and fresh content and the increasing power of conglomerates.

  • Journalists

    • Large media conglomerates own most of the radio stations in the United States.
    • In addition, these conglomerates greatly narrow the range of political views expressed.

  • Media Bias

    • This is especially apparent when a news organization is reporting a story with some relevancy to the news organization itself or to its ownership individuals or conglomerate.