The term is often used for large news conglomerates, including newspapers and broadcast media, that underwent successive mergers in many countries.
In the United States, movie production is known to have been dominated by major studios since the early 20th century; before that, there was a period in time which Edison's Trust monopolized the industry.
In television, the vast majority of broadcast and basic cable networks, over a hundred in all, are controlled by eight corporations: Fox Corporation, The Walt Disney Company (which includes the ABC, ESPN, FX and Disney brands), National Amusements (which owns Paramount Global), Comcast (which owns NBCUniversal), Warner Bros.
[3] Some critics, such as Ben Bagdikian, assailed concentration of ownership, arguing that large media acquisitions limit the information accessible to the public.
[14] Other identifying information such as age, race, and gender have been found to produce different levels of trust in the media regarding specific issues as well.
[15] Later on January 1, 1927, the BBC was fully established by Royal Charter and renamed the British Broadcasting Corporation with Reith as the first Director-General.
Traditional outlets like television and newspapers commonly associated with "mainstream media" face declining audiences as younger users increasingly turn to platforms such as TikTok, Instagram, and Facebook for news.
publications This shift in consumer platform taste has led to a crisis in the smaller local news scene, with an estimated average of 2 newspapers going out of business per week.