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Isn't facebook already bigger than some of the firms mentioned in the articles? Or is it not counted as media?
Facebook creates no content whatsoever on its own. Its a crowd-funded link aggregator that earns revenue by ads.
Isn't facebook already bigger than some of the firms mentioned in the articles? Or is it not counted as media?
Media is a misnomer. Facebook and most new sources are advertising companies.
So Google is a search-driven advertising company.
Facebook is a social-networking-driven advertising company.
This all depends on what % of revenue is ad-based.
The other tech giants, Apple and Microsoft (Oracle, Samsung, SAP, Huawei, …) actually make most of their money selling combos of hardware, software, and services.
Perhaps Amazon is unusual in that it's a web-retailer? I just checked and AWS[0] only accounts for 8% of their revenue as of Feb. of this year.
It looks like we won't have an end to data-slurping until we somehow invalidate the ad revenue model.
[0] https://www.geekwire.com/2017/amazon-web-services-posts-3-5b...
Scary how much of an effect how few can have on so many, just wait 'til they all are owned by one person (it'll happen)
This same thing has happened before, like for example in Italy were Berlusconi abused the media to get favorable ratings. It is part of the tyrant-wanna-be cookbook.
Earlier quoted context omitted.
Media is a misnomer. Facebook and most new sources are advertising companies.
I think you'd have to agree on this. A corporation's main revenue stream is their business regardless of how diversified they are. So Google is a search-driven advertising company. Facebook is a social-networking-driven advertising company. This all depends on what % of revenue is ad-based. The other tech giants, Apple and Microsoft (Oracle, Samsung, SAP, Huawei, …) actually make most of their money selling combos of…
EDIT: Thanks njarboe for catching confusing typo
Earlier quoted context omitted.
Although you are correct, it is not a stretch to say that Facebook "controls" the media in deciding what to show, and how it is shown. In this way, you could say that "Facebook Controls [a significant portion] of the Media in America"
"Media Filter"?
In the US, it seems that news/stories/investigative reporting without some commercial interest to some company tends to go underreported. There is no money in being critical towards business (except extreme cases) for the media companies, who depend on good corporate relations for advertising income. Critical reporting towards businesses is not happening and government mistrust is promoted with nothing to balance this.
I think that a healthy media climate needs a mix of commercial and public journalism, that balance each other out.
As someone living in the Netherlands, there are several popular TV shows on public TV that, I think, could never exist in the US, because they would be seen as harming corporate interest. An example being a program investigating the background, production and health aspects of all kinds of food.
Except that media is much more than TV and newspapers. More and more people turn their backs on traditional media and get their information from a blend of many internet sites and witness videos on youtube and so on. And I only see this trend growing in the future.
http://www.pewresearch.org/fact-tank/2016/06/15/state-of-the...
I know hardly anyone likes the MSM (myself included), however is this stat so bad? Is it anything unusual for any other industry? Mature industries consolidate - its just a fundamental nature of the growth process. How many corporations control packaged chicken? cell phones? cement? No doubt the voices behind such "X mega-corps control Y" are in fact just advocating for legislation changes to mandate that they get a…
Yes it's bad. It doesn't really matter if it's "usual" or not, that's a different question. Most industries consolidate into large behemoths that are incredibly inefficient and only stay in business due to patents and buying up all the resources (e.g. cell-phone companies, comcast, certain chip-makers). Innovation dies. And you're right, it's happening right now with youtube defeating the these corporations, and that…
So youtube2.com can never be created? How long has Instagram been around?
Furthermore, your premise is financially flawed. How is the bankrupt NYT going to buy google?
The MSM is turning into the "horse buggy whip" situation. Its an old, out-dated industry that is dying. Who cares if eventually only 3 businesses controls "ACME Horse Buggy Whips" -- its not really something to panic about.