For digital media convergence, see Technological convergence.
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Category: Journalism
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Media graphic showing the 2019 ownership of mass media groups in the United States
Concentration of media ownership, also known as media consolidation or media convergence, is a process wherein fewer individuals or organizations control shares of the mass media.[1] Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated where a few companies own much of the market.[2][3]
Globally, large media conglomerates include Bertelsmann, National Amusements (Paramount Global), Sony Group Corporation, News Corp, Comcast, The Walt Disney Company, Warner Bros. Discovery, Fox Corporation, Hearst Communications, Amazon (Amazon MGM Studios), Grupo Globo (South America), and Lagardère Group.[4][5][6]
As of 2022, the largest media conglomerates in terms of revenue are Comcast NBCUniversal, The Walt Disney Company, Warner Bros. Discovery, and Paramount Global.
^Steven, 2009: p. 19
^Downing, John, ed. (2004). The SAGE Handbook of Media Studies. SAGE. p. 296. ISBN 978-0-7619-2169-1.
^Lorimer, Rowland; Scannell, Paddy (1994). Mass communications: a comparative introduction. Manchester University Press. pp. 86–87. ISBN 978-0-7190-3946-1.
^Cite error: The named reference New Internationalist was invoked but never defined (see the help page).
^Cite error: The named reference newint.org was invoked but never defined (see the help page).
^Cite error: The named reference Katharine Ainger was invoked but never defined (see the help page).
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