News Corp as an Oligopoly

Essay specific features

 

Issue:

Business

 

Written by:

Marvin A

 

Date added:

April 4, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 534

 

Was viewed:

4450 times

 

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Essay content:

It does this through cross ownership of various combinations of media enterprises such as television networks, satellite cable, newspapers, etc. The Federal Communications Commission (FCC) has recently been deliberating on a proposal that could ban a company from "owning a newspaper and broadcast media in the same market...
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One of the main ways that a company gains oligopolistic power in today's market is through the active pursuit of acquisitions and mergers of its competitors. According to McConnell-Brue (p. 468), one of the chief reasons for mergers is the aspiration to gain monopoly control. This seems true of media oligopolies such as News Corporation...
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