6 Media Companies Tell You Most Everything You Know
Feel like you are getting the same news in most papers and on most channels and Web sites? You may well be. Data compiled by an unlikely source, the Frugal Dad, shows 90 percent of the U.S. media in the hands of just six companies. In 1983, it was 50 companies.
The six media giants are GE, News Corp., Disney, Viacom, Time Warner and CBS.
Disney, for example, owns ABC, ESPN, Pixar and Miramax. Viacom owns MTV, Nick JR and Paramount Pictures. (Note: TechNewsDaily has not independently verified the dozens of statistics in the report.)
The big six dominate online, as well. Time Warner websites such as CNN, Time and the Huffington Post get 187 million visitors per month — double the amount of Digg, Tumblr and Reddit combined.