41–50 of 146 posts
[0] https://www.fool.com/investing/2016/11/15/better-buy-the-wal...
A big difference between the US media and the rest of the developed world seems to be a complete absence of state-owned/subsidized/run media. To me, this seems much more problematic than the limited competition between corporate media. 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 bu…
The cultural perspective is widespread and it's at the core of many Americans' cynical approach to the government. "We're from the government and we're here to help" are genuinely scary words to these people; they have not bought into the idea of government as a social contract, or the idea that a consensus of principles could lead to publicly funded media without excessive political bias. Instead, many Americans view government as a necessary evil that we only institute to restrain our worst vices, and if the government shows up, it's because something went badly wrong; that the best government is no government, which we would have if we acted morally.
Some might ask why this matters. The problem with these six mega-corporations is that they are controlled by a handful of billionaires and a few distasteful foreign governments that do not have the best interests of Americans in mind. These corporations own the US legacy media outlets (e.g., CNN, MSNBC, FOX, etc) and most of the larger online US news sites. They have, in my opinion, been quite effective at brainwashi…
While still small, Netflix probably represents one of the bigger threats to the Big 6. Of course, this makes it a prime merger target. [0] Netflix is not mentioned in the article. [0] https://www.fool.com/investing/2016/11/15/better-buy-the-wal...
And one head of state attacks one network. https://twitter.com/realDonaldTrump/status/88150314716807168... shakes head
Some might ask why this matters. The problem with these six mega-corporations is that they are controlled by a handful of billionaires and a few distasteful foreign governments that do not have the best interests of Americans in mind. These corporations own the US legacy media outlets (e.g., CNN, MSNBC, FOX, etc) and most of the larger online US news sites. They have, in my opinion, been quite effective at brainwashi…
Any recommendations?
This is what happens when you don't enforce anti-trust laws.
And that is what happens when you accept the legalized corruption of the political system, in the form of lobbying. The same stakeholders control the media corporations and the politician who should regulate them.
It's worse in the UK, 3 companies own 70% of the newspaper readership. They have huge political influence, especially Rupert Murdoch, who all prime ministers would try to schmooze https://www.theguardian.com/media/2015/oct/21/uk-media-plura...
Earlier quoted context omitted.
> Is it anything unusual for any other industry? Isn't that a big problem? Monopolies and oligopolies are crippling capitalism. The "too big to fail" conglomerates become just a part of the political system instead of the economic one. With the media industry, it gets worse, as it has an important role in keeping the democratic and economic powers in check. > No doubt the voices behind such "X mega-corps control Y" a…
>Is not that fair? Shouldn't all parts of society be represented in the industry that consolidates the cultural values of a nation? Why should only economic power have representation in the media? It is one person one vote, not one dollar one vote. Your dollar is your vote. You choose what industries you support by where you spend your dollars (or cast your eyes in this case). You have the ability to hurt these corpo…
Some might ask why this matters. The problem with these six mega-corporations is that they are controlled by a handful of billionaires and a few distasteful foreign governments that do not have the best interests of Americans in mind. These corporations own the US legacy media outlets (e.g., CNN, MSNBC, FOX, etc) and most of the larger online US news sites. They have, in my opinion, been quite effective at brainwashi…
> I've long ago moved on to better news sources Any recommendations?