We've heard many comments about businesses getting too big to fail. Certainly this seems to be the case for the financial industry. Look at all the money, tax money, your money and my money, that has been funneled into it because we were afraid to let them fail. (When I say we, I mean our government and politicians.)
Too big to fail seems to be happening to the corporate media also. Look at the chart below.
We have gone from about 50 corporations in the 1980's to now only 5 corporations that control the majority of the U.S. media."Time Warner, Disney, Murdoch's News Corporation, Bertelsmann of Germany, and Viacom (formerly CBS) -- now control most of the media industry in the U.S. General Electric's NBC is a close sixth."
Is it any surprise that we don't have the investigative journalism that we use to have? And these corporations are hardly the bastions of liberalism although the right would like to portray them as such.
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It makes me wonder when Google is going to make us all register and face approval before being allowed to blog.
ReplyDeleteThis really is some scary stuff.
What an interesting statistic. !! (horrible but interesting)
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