Nov
01
1997

The Global Media Giants

We are the world

Time Warner offices with Rochester skyline/Photo: Thomas Belknap

A specter now haunts the world: a global commercial media system dominated by a small number of superpowerful, mostly U.S.-based transnational media corporations. It is a system that works to advance the cause of the global market and promote commercial values, while denigrating journalism and culture not conducive to the immediate bottom line or long-run corporate interests. It is a disaster for anything but the most superficial notion of democracy--a democracy where, to paraphrase John Jay's maxim, those who own the world ought to govern it. The global commercial system is a very recent development. Until the 1980s, media systems […]