Power and the Media

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 Who owns majority of the media?

Most of the media consumed today is owned by one of six companies, known as the Big 6. While independent media outlets still exist, the major outlets are almost all owned by these six conglomerates. This media refers to any medium that controls the distribution of information. So these conglomerates can cover 24 hour new stations, newspapers, publishing houses, internet utilities, and even video game developers.

1: National Amusements

  • Owned by Summer Redstone (net worth $4.6 billion)
Media Assets include:
  • Television and film (e.g. MTV, Paramount, CBS)
  • Print (e.g. Pocket Books, Simon & Schuster)
  • Video Games (CBS Games)
  • Internet (24/7 Sports, Cnet, CBS Interactive)

2: Disney
  • CEO: Bob Iger ($44.9 million annual salary)

Media Assets include:

  • Television and film (e.g. Marvel  Studios, Pixar, Lucasfilm, Walt Disney Studios)
  • Print (Disney Book Group, Hyperion, Marvel Comics)
  • Video Games (Gamestar, Pocket Pack)

3: TimeWarner

  • CEO: Jeff Bewkes ($32.5 million annual salary)
Media Assets include:
  • Television and film (e.g. CNN, HBO films, Warner Brothers)
  • Print (DC, Time Life)
  • Investments (Everyday health, Double Fusion)
  • Video games (Rocksteady, Tt Games)
  • Music (WaterTower music, Warner Music Group)
  • Internet (Time Warner Cable)

4: Comcast
  • CEO: Brian L. Roberts ($40.8 million annual salary)
Media Assets include:
  • Television and film (e.g. NBC, Illumination Entertainment, Hulu)
  • Internet (e.g. Comcast, XFinity)
  • Ventures (e.g. Vivox, Accolade)

5: News Corp
  • Executive Chairman: Rupert Murdoch ($22.3 million annual salary)
Media Assets include:
  • Television and film (e.g 20th Century Fox, National Geographic)
  • Music (Wireless Group PLC, Fox Music)
  • Print (Bronx Times, HarperCollins Publishers)

6: Sony
  • President/CEO: Kazuo Hirai ($4.9 million annual salary)
Media Assets include:
  • Television and film (Sony Pictures, TriStar, True Entertainment)
  • Music (Sony Music, Aniplex Channel)
  • Internet (So-Net)
  • Investments (Felica, Olympus)
  • Non-media (Sony Bank, Sony Life)

Total Values of the Big 6:
  • Comcast: $148.2 billion
  • Disney: $88.1 billion
  • TimeWarner: $60.6 billion
  • NewsCorp: $56 billion
  • Sony: $34.1 billion
Examples: North Korea/The Interview, China

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