Media Consolidation is a business strategy that has been expanding right in front of our eyes. Media consolidation is plan that big companies own smaller companies, making it so there are few companies that own almost everything. Media used to be separated into many small companies that worked on their own, to produce their own products, but over time large companies have started buying out these other business. In the chart below you can see that 50 companies turned into 6 purely because of media consolidation and these companies buying out others.
One major example of Media Consolidation is the
Disney Company, Disney owns everything. Their productions, Star Wars, ESPN, ABC, they are constantly expanding and gaining more and more money. This is a danger for a few reasons, one being that these big name brands get to say what goes out and what stays in, this will affect what kind of product gets put out and in some cases, what kind of news gets out. Major Media Consolidation can also lead to the lacking of small media outlets which, if they are a news site, can limit what news small areas and towns get to hear.
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