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Could you expand on this? I don't get it.
by the-dude 5y ago
Could you expand on this? I don't get it.
- TechBro8615 5y agoI mean that Comcast, ATT and Verizon collectively own a large portion of US media corporations – including CNN and MSNBC. You can quibble about the semantics of ownership, but the control of media is concentrated in a small cluster of last century's monopolies. There is an infographic here: https://techstartups.com/2020/09/18/6-corporations-control-90-media-america-illusion-choice-objectivity-2020/ https://techstartups.com/2020/09/18/6-corporations-control-9...
- the-dude 5y agoAre you basically saying the large media companies are kept alive to keep people on cable?
- username90 5y agoI don't think it has to serve a purpose other than power projection for the rich owners. I'd say that owning all media is the best bang for your buck if you want to to convert money to power.
- shadilay 5y agoBig media exists to define the overton window for the plebs.
- dehrmann 5y ago> You can quibble about the semantics of ownership AT&T spun out Time Warner and merged it with Discovery because it had no idea what to do with it or how to run a media company. Comcast only bought NBC Universal in 2011. Only one major media company (and not even the biggest one) could arguably be a loss leader for a telco. The rest are doing their own thing.
- pwg 5y agoI believe the OP is referencing the fact that over the years, the cable tv/telephone groups have been buying up production houses (i.e., Time-Warner owned by AT&T, NBCUniversal owned by Comcast, etc.) and is implying that the owner (AT&T, Comcast) owns the production house (Time-Warner, NBCUniversal) not to directly profit from the production house output per. se., but to provide content with which to use to incentivize people into paying for their other media distribution products.