8.24 - 8/24 Review: Consolidation - Trends toward monopoly...

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8/24 Review: Consolidation - Trends toward monopoly - Various sectors and overall (TV, film, music, radio, telecomm) - Questions of internet o Field diversified early on o Consolidation into few main players (big media entity corporations) o Applications/clouds o Dominating players/few large app centers - Reasons: o Economic o Media (connected to ideas and political process; more immune to political challenge than other sectors) o Easier for politician to challenge Microsoft as opposed to GE (can talk bad back) - De-regulation (limit cross-ownership regulations started getting lifted under Nixon) o Net neutrality- block access to certain sires that don’t coincide with business interests o Google wants net neutrality o if goes away, telecom companies gain more power o Pros: internet companies o Cons: telecomm companies - Implications o More competition better capitalization o Fewer voices decrease diversity of ideas o Consumers/democratic system/market place o Corporate media systems
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8.24 - 8/24 Review: Consolidation - Trends toward monopoly...

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