Sunday, September 12, 2010

New Media Giants


Croteau and Hoynes’ article mainly talks about the merger between two major television companies, Viacom and CBS. It was the largest merger in history by a long shot. Merging media companies has four main developments – growth, integration, globalization, and concentration of ownership.

During this merger, the television shows changed tremendously. A great example is MTV. Not too long ago, it used to be exactly what its name says – music television. Music videos and talk about music were the only things you would tune into MTV for, versus now being a reality television show advocate. On another note, MTV also became a global phenomenon. “Over three-quarters of households that receive MTV are outside the United States” (35). Expanding a station globally like that also gives its network a better name.

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