How do you think most of the media in the world being owned by just six companies affect our world? What are the pro's and cons of so few owning so much?
Because most of the media is owned by just six companies, they are able to dictate a large portion of the socially accepted idea. They have the ability to maneuver the public into having a certain political stance on a subject. Therefore, the audience is more susceptible to incorrect information. Corruption can also occur when such a small number owns the entire media. Some pros of this is that they can provide a greater global reach for smaller, newer companies. This allows more opportunities for upcoming companies to reach a wider audience. However, there are cons to this practice. With very few owning the media, it causes them to become "sluggish oligopolies," creating limited competition among these media companies.
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