News Corp

What Happens When Media Oligarchs Go Shopping?

Mighty, politically well-connected oligarchs are in the mood for retail therapy, and their targets are media outlets. Their influence over journalism has begun to reach worrying levels.
 
Jack Ma of Chinese giant Alibaba, Rupert Murdoch of News Corp, Delyan Peevski from the tobacco maker Bulgartabak, Egyptian billionaire Naguib Sawiris and Saudi prince Al-Waleed are all completely different businessmen. They look totally unalike and live in different places. One is obese, another one is skinny. One hails from Sofia, another one from Cairo. Their tastes are dissimilar.
 
But they also have some things in common: an unwonted wealth, close links with political power and a firm grip on much of the world’s media.
 
The issue of ownership concentration in the media is not new. It goes back to the 1980s and 1990s when some of the now old media moguls began to build their holdings. The rise of disrupting internet behemoths in the past decade or so was expected to dent into their power. It didn’t.

America’s Advertising Agencies Funnel Ad Cash to Their Own Media

Ad agencies in America have been increasingly buying stock in media companies to secure slots for their clients’ ads. Nothing would be wrong with that if they remembered one thing: to tell their clients, the advertisers, what they actually own.
 
Back in the old days, the advertising sales unit and the newsroom in major independent newspapers were two separate departments. Sometimes people in the two parts of the newspaper wouldn’t even be allowed to meet. The idea was to insulate the newsroom from the pressures of some advertising agencies who wanted inches of flattering coverage in exchange for spending ad dollars in the newspaper. The ultimate goal was to secure independent reporting.
 
Those days are gone. Advertisers, ad agencies and media companies collude more than ever these days.

How to Fight Abuses of Media Power in UK: Be the Media, Know the Media, Change the Media

We have more media, but only a few very powerful companies controlling them. Can anything be done against this hegemony? Professor Des Freedman offers a recipe: “Be the media, know the media, change the media.” He also calls on academics to come out of their ivory towers and join in the policy battles. 
 
“We’re facing a crisis at the heart of our media system – in other words with the dominant players across the media landscape – on many different levels: of funding, of ethics, of representation and of legitimacy,” Mr Freedman of Goldsmiths in London said at his inaugural lecture last Tuesday. The crisis is “the increasingly unequal distribution of resources in our media landscape.” Attention, audiences and agendas are dominated by a relatively small number of very powerful companies that all have close associations with the highest echelons in the political system, according to Mr Freedman.
 
 

European Audiovisual Groups Increase Their Market Share at Home

European broadcast groups are dwarfed by American ones on the global level. But at home, they enjoy a comfortable position. And they tend to further grow.

Growing media concentration continues to be a troubling global trend. Worldwide, the top 10 global media players, dominated by U.S. companies, control ever-larger swaths of the media landscape. This situation causes media scholars and activists to raise concerns about the impact on democracy when an ever-growing share of the global communications environment is controlled by fewer people.

News Corp, The Daily Mail and Trinity Mirror Control More Than 70% of British Newspapers

Many countries look at the U.K. for models when it comes to media. But is the U.K. market really a model? A new report shows the British media is in the hands of a few behemoths.

A new report published by the Media Reform Coalition (MRC) shows that right across the board - from news websites to the press, TV channels to radio stations, search engines to mobile apps - the UK media is controlled by a handful of giant corporations. The MRC argues that the UK suffers from endemic levels of concentration in news and information markets, which threaten to choke democratic debate through unaccountable political influence and sheer lack of diversity.