By Michael Snyder
Reposted from: TheEconomicCollapseBlog
Back in 1983, approximately 50 corporations controlled the vast majority of all news media in the United States.
Today, ownership of the news media has been concentrated in the hands of just six incredibly powerful media corporations. These corporate behemoths control most of what we watch, hear and read every single day. They own television networks, cable channels, movie studios, newspapers, magazines, publishing houses, music labels and even many of our favorite websites.
Sadly, most Americans don’t even stop to think about who is feeding them the endless hours of news and entertainment that they constantly ingest. Most Americans don’t really seem to care about who owns the media. But they should.
The truth is that each of us is deeply influenced by the messages that are constantly being pounded into our heads by the mainstream media.
The average American watches 153 hours of television a month. In fact, most Americans begin to feel physically uncomfortable if they go too long without watching or listening to something.
Sadly, most Americans have become absolutely addicted to news and entertainment and the ownership of all that news and entertainment that we crave is being concentrated in fewer and fewer hands each year.
The six corporations that collectively control U.S. media today are,
1. Time Warner
2. Walt Disney
4. Rupert Murdoch’s News Corp.
5. CBS Corporation
6. NBC Universal
Together, the “big six” absolutely dominate news and entertainment in the United States.
But even those areas of the media that the “big six” do not completely control are becoming increasingly concentrated. For example, Clear Channel now owns over 1000 radio stations across the United States. Companies like Google, Yahoo and Microsoft are increasingly dominating the Internet.
But it is the “big six” that are the biggest concerns. When you control what Americans watch, hear and read you gain a great deal of control over what they think. They don’t call it “programming” for nothing.
Back in 1983 it was bad enough that about 50 corporations dominated U.S. media.
But since that time, power over the media has rapidly become concentrated in the hands of fewer and fewer people…
In 1983, fifty corporations dominated most of every mass medium and the biggest media merger in history was a $340 million deal. … [I]n 1987, the fifty companies had shrunk to twenty-nine…
[I]n 1990, the twenty-nine had shrunk to twenty three… [I]n 1997, the biggest firms numbered ten and involved the $19 billion Disney-ABC deal, at the time the biggest media merger ever…
[In 2000] AOL Time Warner’s $350 billion merged corporation [was] more than 1,000 times larger [than the biggest deal of 1983].
– Ben H. Bagdikian, The Media Monopoly, Sixth Edition, (Beacon Press, 2000), pp. xx-xxi
Today, six colossal media giants tower over all the rest.
Much of the information in the chart below comes from mediaowners.com.
The chart below reveals only a small fraction of the media outlets that these six behemoths actually own:
These gigantic media corporations do not exist to objectively tell the truth to the American people. Rather, the primary purpose of their existence is to make money.
These gigantic media corporations are not going to do anything to threaten their relationships with their biggest advertisers (such as the largest pharmaceutical companies that literally spend billions on advertising), and one way or another these gigantic media corporations are always going to express the ideological viewpoints of their owners.
Fortunately, an increasing number of Americans are starting to wake up and are realizing that the mainstream media should not be trusted.
According to a new poll just released by Gallup, the number of Americans that have little to no trust in the mainstream media (57%) is at an all-time high. That is one reason why we have seen the alternative media experience such rapid growth over the past few years.
The mainstream media has been losing credibility at a staggering rate, and Americans are starting to look elsewhere for the truth about what is really going on.
Do you think that anyone in the mainstream news would actually tell you that the Federal Reserve is bad for America or that we are facing a horrific derivatives bubble that could destroy the entire world financial system?
Sure there are a few courageous reporters in the mainstream media that manage to slip a few stories past their corporate bosses from time to time, but in general there is a very clear understanding that there are simply certain things that you just do not say in the mainstream news.
But Americans are becoming increasingly hungry for the truth, and they are becoming increasingly dissatisfied with the dumbed down pablum that is passing as “hard hitting news” these days.
So what do you think about the state of the mainstream media?
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