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The Effects of Media Globalization
The Effects of Media Globalization
By Mary Hickman
Despite the benefits, there are also very real consequences. A majority
of all media is owned by a very small percentage of wealthy corporations.
Local media is being swallowed alive by conglomerations. Freedom of speech
is threatened by these multinational corporations; they drown out the voice
of local media with profit-maximizing formulas. Media moguls have the most
to gain from globalization of media. Their power is concentrated; they have
merged, often with companies that are unrelated to the field, as when GE
bought NBC (Pappas, 2004). Naturally, the political ideas and bias of GE can
be seen in NBC: GE expels criminal amounts of pollution. Therefore, pollution
is not a topic covered by NBC. Imagine, for example, what our local news
would sound like if it had been bought by Phillip-Morris (Pappas, 2004).
More media is readily available to us than there ever has been before.
As the number of media vehicles increases, so does competition in the open
market. This increase in competition has not led to an increase in content
diversity. Instead, media content, or media products, have become
standardized to fill a profit formula as the largest media corporations
compete with each other for audience share. Even news stations have taken
up the profit formulas. It can be inferred that what occurs is a lower quality of
journalistic content and an unspoken agreement across the board as to what
news is (Bennett, 2000). “There’s just a common consensus among
extremely narrow sectors of power as to the way the world should be
perceived and as to what kind of people there should be” (Chomsky, 1996).
The effect of a self-censored media is thought-control, controlled by
personalized media content.