Media Industries
An article that look at the major media institutions such as news corp and ideas like globalization.
News Corporation is a mass media conglomerate and is one of the largest in the world, along with Disney and Time Warner. It has a firm foothold in pretty much every branch of the media. News papers and magazines, film and television production, sports, websites, television networks, satellite television, book publishing.
It is a public company and was formed in the late 1970’s by Rupert Murdoch in Adelaide, Australia. It was first created as ‘holding company for News Limited’. ‘News Limited was created by Murdoch from the assets he inherited in 1952 following the death of his father, Sir Keith Murdoch’. ANON, Date Unknown. Available from: http://en.wikipedia.org/wiki/News_Corporation.
From there News Corp has proceeded to expand either by taking over, buying out or merging with a ridiculous number of media corporations and media institutions. They own and control a vast percentage of all the worlds media. They control far too many assets name them all but here are some of the main ones.
Fox Broadcasting Company, and all of the subsidiary companies i.e 20th Century Fox Film Corporation, 20th century fox, Fox Filmed Entertainment.
News International, a British newspaper publishing company whose subsidiaries are responsible for publishing The Times, The Sun and The News of the World.
MySpace, Sky Television, News Outdoor Group, Regency Television, Blue Sky Studios. The list goes on and on.
They have nearly 50000 employees worldwide and there revenue for last year was $26.7 billion. (Reference for above information) ANON, Date Unknown. Available from: http://en.wikipedia.org/wiki/News_Corporation.
100 years ago a mass media industry like News Corp could never have existed, let alone get to this sort of size. For a start the media didn’t exist like it does now, there was no television, international transport and communication were very limited, society was relatively basic in comparison to the fast paced, consumer driven, media saturated ways of modern day society. People knew very little of what was going on in the world around them, and why would they, there was no real way for them to find out.
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