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Megalomania In The Media Essay

944 words - 4 pages

Megalomania in the MediaAngela DattoliIDS 101 406: CornerstoneProfessor KrugerOctober 24, 2013Megalomania in the MediaMegalomania is the best way to describe the corporatization and consolidation of the world's media today. The majority of media outlets are owned by a handful of megalomaniacs who are obsessed with wealth and power. The world's media is being concentrated and monopolized by fewer and fewer companies. These companies share the common agenda to take over the world. The merge of Comcast, Universal Studios, and the remaining assets of General Electric's National Broadcasting Corporation (NBC), is one such example. This merge, like so many others can impact society in several ways.The Comcast- NBC Universal merger is on the most successful in recent times. Comcast, being one of the largest Internet Service Providers (ISP), and NBC Universal, being one of the largest media providers resulted in monopolization of the global media and technology markets. According to the International Directory of Company Histories, Comcast Corporation is one of the prominent cable, telecommunications and content providers in the world. Comcast has a customer base of 4.4 million with 783,000 cellular connections. Comcast is also partner to Sprint Corporation and Cox Communications Inc. It is associated with QVC Inc., Walt Disney, and Philadelphia basketball and hockey teams. Comcast is backed up by Microsoft Corporations as well (Steinberg, 2009). Comcast Cable is the nation's largest video, high-speed internet, and phone provider to residential customers under the XFINITY brand. NBC Universal is one world's leading media and entertainment companies. They own several news, entertainment, and sports cable networks. The NBC and Telemundo broadcast networks, television production, television station groups, Universal Pictures, and Universal Parks and Resorts. Their cable networks operate 15 national cable networks, 13 regional sports and news networks, and more than 60 international channels (Copps, 2013).Some popular networks include E!, Bravo, G4, MSNBC, and the Golf Channel. Their broadcast Television division operates networks that serve audiences in all 50 states. NBC Entertainment develops and schedules programming for prime-time, late-night, and daytime. NBC provides more than 30 hours of television news programming a week, including NBC Nightly with Brian Williams, Today, and Meet the Press. Some of the networks primetime newsmagazines include Dateline, and Rock Center with Brian Williams. NBC is the only broadcast news division with an affiliated cable channel, MSNBC which provides global, 24/7 coverage of news events (Steinberg, 2009).In addition to television, the Comcast Corporation is growing an online presence. XFINITY offers high-speed internet in addition to Wi-Fi. allows people to watch XFINITY cable television online wherever they are and whenever they want. They have increased their communication range by partnering with...

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