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6 Corporations Control 90% of the Media in America

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Re: 6 Corporations Control 90% of the Media in America

#141

Post by frgtpsswrdlame »

jazzyk wrote: post #140
frgtpsswrdlame wrote: post #138

Earlier quoted context omitted.

Austrian economics is just an outdated theory. Principles of Economics and Das Kapital were written within about four years of each other and while time was poking holes in Communism it was doing the same to Austrian economics. Here's a good argument against the Austrian school if you're really interested. http://econfaculty.gmu.edu/bcaplan/whyaust.htm

So Newton's Laws of Motion are just "an outdated theory" because they were published in 1686? And, I am sorry, but the paper you quote is just pseudo-intellectual drivel. If I could decipher anything from it, it boiled down to "because there is no such thing as perfect free market, therefore Austrian School is flawed". Or something like that.

>So Newton's Laws of Motion are just "an outdated theory" because they were published in 1686?

No, the point is that science has advanced. The laws of motion are true because they've survived scientific critique over a long period of time. Aether isn't true because over time the scientific critiques built up and science moved on with new theories. Austrian economics is aether not the laws of motion.

>If I could decipher anything from it...

If you had trouble deciphering it I would suggest that you not subscribe to any economic school because you just don't know enough to pick.

Re: 6 Corporations Control 90% of the Media in America

#142

Post by jazzyk »

frgtpsswrdlame wrote: post #141
jazzyk wrote: post #140

Earlier quoted context omitted.

So Newton's Laws of Motion are just "an outdated theory" because they were published in 1686? And, I am sorry, but the paper you quote is just pseudo-intellectual drivel. If I could decipher anything from it, it boiled down to "because there is no such thing as perfect free market, therefore Austrian School is flawed". Or something like that.

>So Newton's Laws of Motion are just "an outdated theory" because they were published in 1686? No, the point is that science has advanced. The laws of motion are true because they've survived scientific critique over a long period of time. Aether isn't true because over time the scientific critiques built up and science moved on with new theories. Austrian economics is aether not the laws of motion. >If I could decip…

"If you can't explain it simply, you don't understand it well enough".

-- Albert Einstein

Re: 6 Corporations Control 90% of the Media in America

#143

Post by skinnymuch »

basch wrote: post #137
skinnymuch wrote: post #99

The point of the post still stands with control mostly being in the hands of a few corporations, but it is really outdated. The article does mention AOL isn't owned by Time Warner anymore and Comcast owns NBC Universal along with GE never owning Comcast. Here are the corrections I can point out. I'm not trying to be pedantic or douche. Just in case someone wants to know up to date info and a bit more info on the cont…

exactly. Leaving out Sony, Advanced Publishing, iHeartMedia, Hearst, Gannett, tronc, Meridith invalidates the number 6. what's worse is that iHeart is even in the infographic, but the graphic author conveniently decides not to count it

Haha yeah. Thanks for replying! Maybe I should turn my comment and yours into a blog post at this point. Was hoping for more responses and discussion.

I didn't even begin mentioning the big newspaper companies like you (Gannett, tronc).

Funny you mention Advance Publications because of reddit. reddit is beloved compared to these other media empires, but its ownership stakes aren't revealed. There's no idea how much of it is owned by Advance Publications :p.

Re: 6 Corporations Control 90% of the Media in America

#144

Post by tripzilch »

shortformblog wrote: post #104

This graphic is out of date and has errors in it. It implies the Huffington Post is owned by Time Warner, which has never owned it. In fact, AOL bought it two full years after splitting off from Time Warner. Additionally, it should be noted that Time Warner recently split its entertainment properties from its publishing properties [1], and doesn't account for the fact that the print publishing world is quite a bit di…

The article states it has a bunch of things that are no longer up to date, just before the graphic, doesn't it? It says here follows the infographic except this has changed and such and is now owned by this and that.

I didn't really feel like looking too deep into that infographic any more after that. I think it's weird, or lazy, given that this is the meat of the article, why not make a correct infographic then? It already looks like a smudgy 3rd generation copy of a JPG sent through whatsapp, so it could use some cleaning.

It doesn't need to recreate the "funny" clipart figures, just the bar graphs and the correct numbers.

Or they could've just taken the numbers, the correct who-owns-what, and written it as a story, which would've been shorter and easier to grasp than this "keep these errata in mind"-infographic.

I strongly suspect that this article got its upvotes because many people on HN feel it is an important topic to discuss, not because the quality of the article itself is that great.

Re: 6 Corporations Control 90% of the Media in America

#145

Post by tripzilch »

pjc50 wrote: post #95
barrkel wrote: post #42

Earlier quoted context omitted.

Culturally, many people would dismiss state-owned media perspective as a kind of Pravda. Because of the cultural perspective, two things would happen: firstly, politicians would think it's OK to instruct such media to follow a particular party line; and secondly, journalists and presenters that are the visible face of the media would also follow the party line, because they think that's where the money is coming from…

> many Americans view government as a necessary evil that we only institute to restrain our worst vices I'm tempted to say "Why do so many Americans hate America?" It seems like a sort of anti-national nationalism.

Pretty sure it's the two-party system giving people a non-choice between options that really nobody wants. They've been calling it picking between the lesser of two evils for as long as I can remember.

The real question is why they settle for this.

Look at the recent elections, those two people were supposed to be the best candidate options for presidency from the entire population? Really none of the people in the entire nation were better suited for this job?

... on the other hand, the two-party system in the UK is not much better, but they still manage to have the publicly funded BBC. fortunately :)

Re: 6 Corporations Control 90% of the Media in America

#146

Post by tripzilch »

notadoc wrote: post #121

This is blatantly inaccurate and outdated, which is not to say that there is not massive media conglomeration but rather the information presented is inaccurate. This link is also reblog spam from a BusinessInsider reblog spam from some other "frugaldad" (FRUGALDAD sounds like a legitimate source of media conglomeration news, doesn't it?) site from 2011, and even BI stated it was inaccurate and outdated back then mak…

I strongly suspect that this article got its upvotes because many people on HN feel it is an important topic to discuss, not because the quality of the article itself is that great.
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