Media Hegemonies/Mapping who owns what : Identify a Major Media Company and research what it owns. Discuss the implications of cross media ownership.
Time Warner.
Time Warner.
Okay, maybe just one more time to get it out of my system.
Time Warner.
Time Warner is a massive corporation, it’s the fourth largest entertainment and media conglomerates out there. They started out similar to most companies, small and insignificant and just grew through the ranks to rise up to be where the are now. Fourth largest media and entertainment syndicate… I wonder how much they own? I mean, a company that holds that title, sure must have a lot of money, and what better way to spend that money that to buy out smaller companies, right? I mean, now you have the ability to spread your word through other languages. (not literally, but through different mediums)
“AOL, New Line Cinema, Time Inc., HBO, Turner Broadcasting System, The CW Television Network, TheWB.com, Warner Bros. Entertainment, Kids’ WB, The CW4Kids, Cartoon Network, Boomerang, Hanna-Barbera, Ruby-Spears Productions, Adult Swim, CNN, DC Comics, and Warner Bros. Games.”
And that’s only to name a few?! Damn, some of those are huge names like Warner Brothers, CNN and DC Comics. Aside from Warner Bros., I had no idea that they were all owned by Time Warner. If they had been owned by Time Warner all this time, they must have done a pretty awesome job hiding that fact. Now that I know all of this, I can’t help but wonder what these companies were like before they were scooped up. I mean, there had to have been a clash with views. For one large living breathing thing to latch onto a smaller one and absorb it completely, things must have changed. Time Warner influenced their ideals onto the companies that they bought, ultimately changing them. Suddenly, things start to change and Time Warner begins to operate their business within these smaller ones.
Personally, I think that one should really know when enough is enough. If all of the smaller companies are completely overtaken by the bigger name ones, things are going to become very difficult for new and upcoming companies to create a business. It’s just like phone providers in Canada. There are two titans, Bell and Rogers, who both own other subdivisions. There are other providers in the country, but they are finding it difficult to get their name out there because Rogers and Bell have made such an impact. They have bought out any sort of minor competition compared to their organization. It’s gotten to the point where Bell and Rogers are basically the ONLY providers in Canada. Chances are the provider you are with is a subdivision of either company.
Back to the main point, cross media ownership is a little different than the Bell and Rogers scenario. It’s more like they own different subdivisions of media, rather than just the same medium. Time Warner owns broadcasting channels, news companies, magazines, online services; the list goes on and on. While those mediums have their own goals, because Time Warner owns a large mass of them, they can feel free to advertise what they want to through those mediums. A lot of people always have that fear of becoming apart of some big coorperation because there’s no telling what will happen to their goals; personally, I feel the same way. I dream to be a successful photographer of some kind, but I want to have my own name put out there, not an employee to a syndicate, owned by Time Warner.
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Sources Cited
"Who Owns What | Columbia Journalism Review." Who Owns What. Web. 14 Nov 2009. .