What is a conglomerate?
A corporation consisting of a number of subsidiciary companies or divisions in a variety of unrelated industries, usually as aresult or merger or acquisition.
What is a moNOPOLY?
Exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
CONSEQUENCES OF CONGLOMERATES:
1) Media become loyal to sponsors, rather than to the public interest.
2) For the general public, there are fewer diverse opinions and voices available.
3) Only a few companies represent the interests of a minority elite control.
4) For minorities and others, fewer oppurtunities are available for voicing their concerns and reaching the public.
5) Healthy, market-based competition is absent, leading to slower innovation and increased prices.
BUT globally speaking, is it good or bad? Who decides? Individually speaking, is it good or bad for us? If so, then how?
A MUST-WATCH VIDEO:
(Revealing some hidden truth about media conglomerates that we never knew)
Leave it to you to decide, IS IT GOOD OR BAD?
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