Title: News Corp as an Oligopoly
|Date:||January 28, 2011|
|Length:||2 / 534|
|No of views:||0|
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It does this through cross ownership of various combinations of media enterprises such as television networks, satellite cable, newspapers, etc. The Federal Communications Commission (FCC) has recently been deliberating on a proposal that could ban a company from "owning a newspaper and broadcast media in the same market...
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One of the main ways that a company gains oligopolistic power in today's market is through the active pursuit of acquisitions and mergers of its competitors. According to McConnell-Brue (p. 468), one of the chief reasons for mergers is the aspiration to gain monopoly control. This seems true of media oligopolies such as News Corporation...
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