Time Warner

Time Warner In 1989, the largest Media Corporation was formed. The integration of Time Inc. and Warner communications produced Time Warner, which in 1996 with the acquisition of Turner broadcasting, regained it’s status from Disney as the largest media corporation in the world. The company right now, with over 200 subsidiaries world- wide, is becoming fully global with it’s profits from the USA falling, and it’s profits throughout the world rising. Globalisation is proving to …

…distribution and sales are too important to be ignored. In the interests of holding on to a healthy democracy, diversity has to be achieved and maintained. As I have tried to show oligopolies and vertically integrated media industries are just as dangerous as state run ministries that have a monopoly over information. “Concentrated media power is political and social power”. Thankfully, the World hasn’t yet become like the latest offering from James Bond “Goldeneye”.