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Media cross-ownership is the common ownership of multiple media sources by a single person or corporate entity. [1] Media sources include radio, broadcast television, specialty and pay television, cable, satellite, Internet Protocol television (IPTV), newspapers, magazines and periodicals, music, film, book publishing, video games, search engines, social media, internet service providers, and ...
A 2014 amendment to the above Law further relaxed ownership and cross-media ownership requirements by allowing partnerships between electronic media businesses of the same type (television, online, or radio) if this results in a cut of operating costs (through economies of scale or joint utilization of financial resources). This is an indicator ...
In this context, the 1996 Telecommunications Act was designed to allow smaller companies to enter those markets and for existing companies to operate across market sectors, via the relaxation of cross-ownership rules, multi-sector prohibitions, and other barriers to entry. [9]
Cross ownership is a method of reinforcing business relationships by owning stocks in the companies with which a given company does business. Heavy cross ownership is referred to as circular ownership. In the US, "cross ownership" also refers to a type of investment in different mass-media properties in one market. [1]
This is an accepted version of this page This is the latest accepted revision, reviewed on 24 January 2025. Large company involved in mass media industry A media conglomerate, media company, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, video games, amusement park ...
Currently, a handful of corporations control the vast majority of both digital and legacy media. [2] [3] [4] Critics allege that localism, local news and other content at the community level, media spending and coverage of news, and diversity of ownership and views have suffered as a result of these processes of media concentration. [5]
Dispersal of ownership (also ownership dispersal, dispersed media ownership) is a standpoint that opposes concentration of media ownership and mergers of media conglomerates. This position generally advocates smaller and local ownership of media as a way to realize journalistic values and inclusive media public sphere in the society.
As noted above, historically, twinstick operations were locally owned. With the cross-national consolidation of media ownership in Canada, however, most twinstick operations are now owned by major media conglomerates. The Thunder Bay Television stations (CHFD/CKPR) are the sole remaining locally owned twinstick anywhere in English Canada.