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 […]