...The starting point to understanding the how mainstream media fails to accurately report the news is the consolidation of media ownership in the United States. In 1983 50 corporations controlled the vast majority of all news media in the U.S. In 2002 that number had decreased to 10 companies (McChesney & Nichols, 2002). By 2004 that number had decreased to only five companies. As Nichols and McChesney state, All in all, these [few] firms control the overwhelming percentage of movies, TV shows, cable systems, cable channels, TV stations, radio stations, books, magazines, newspapers, billboards, music and TV networks that constitute the media culture that occupies one half of the average American’s life.
It is an extraordinary degree of economic and social power located in very few hands (Nichols & McChesney, It's the Media Stupid, 2000, p. 28).Five companies control the bulk of information disseminated to the American public via mainstream media. How can one have a diverse discussion of ideas if a handful of people or, in the case of the media, a handful of corporations controls the information that the public receives via mainstream media? The answer is that one cannot. Corporations have one interest in mind: Profit above all else. Financial gain is their only reason for existence. Informing the public is not the corporate media’s principal function, making money is....
The most important trends of last year, What will be the ones for 2015?