Time Warner Essay -- essays research papers

duration WarnerIn 1989, the largest Media Corporation was formed. The consolidation of age Inc. and Warner communications produced Time Warner, which in 1996 with the acquisition of Turner broadcasting, regained its status from Disney as the largest media corporation in the adult male. The guild right now, with oer 200 subsidiaries world- wide, is fitting fully global with its profits from the USA f bothing, and its profits throughout the world rising. Globalisation is proving to be Time Warners major asset in trounce other competition to the innovation market. Currently, Time Warner has interests in many diametric business fields. Music accounts for a large proportion of its income, while non far behind are its cable systems, entertainment, films, video and television places. But, the company has also centred its resources and invested in the global media, producing programmes and channels for countries around the world, which in influence has proven to be a very lucra tive area of growth. Time Warner in general has bugger off a major force in to the highest degree every medium and on every continent So then, why should a company like Time Warner be a threat to the common, and something which all of us citizens around the World should be aware of ? Isnt Time Warner clean a success of capitalism ? A successful company, which employs thousands of people and makes considerable turnovers, while at the same time advancing the cause of the global market and promoting commercialism doesnt seem like a thing of public concern. In the World village today, why should we need thousands upon thousands of small individual companys and tv stations and newspapers, when we could have ten large conglomerates who would control everything from mathematical product to sales to diffusion ? The way in which things have developed over the past ten years, that scenario or fiction might even create fact or reality. So why should it bother the people of the World ? To begin answering that question, we need to go back a c years or so and look at the work of Karl Marx and his interpretations of socio-economic order of battle produced by industrial capitalism . Marx believed that the unequal distribution of wealth and the way in which the capitalist class controlled this wealth through the possession of raw materials, way of distribution and labour, enabled them to make... ...in maintaining its role as a public broadcaster, and given more financial aid from the government. Advertising could be controlled more vigorously and regulated, curiously during childrens programming (As in Sweden). A more drastic approach would be the breaking up of the vertically integrated oligopolies, and establishing more competitive markets. In general, any change must strive to serve all of societies ask and interests, which includes audiences and broadcasters, and not only advertisers and media moguls. So, in the end are oligopolies, vertical integration and concentration matters of public concern ? Of course they are. Matters of ownership of the media and the means of production, distribution and sales are too important to be ignored. In the interests of holding on to a healthy democracy, diversity has to be achieved and maintained. As I have tried to show oligopolies and vertically integrated media industries are well(p) as dangerous as state run ministries that have a monopoly over information. Concentrated media power is political and social power. Thankfully, the World hasnt yet become like the latest offering from James Bond Goldeneye.