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Title: News Corp as an Oligopoly

Essay Details

Subject: Business
Author: Joseph W
Date: January 28, 2011
Level: University
Grade: A
Length: 2 / 534
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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