Conglomeration in the journalistic sense is similar. Conglomeration-the process of taking small media organizations, purchasing them, and pulling them together. It's sounds like a game of monopoly, and it can easily become one. So let look at the side of the conglomerates and everyone else.
First the pros:
- efficiency
- more money with less of a risk
- and of course, if you buy up all the companies, you'll have less competition
Cons of conglomerates:
- risk (the conglomerates are putting all their chips in one pile.)
- less competition (conglomerates can price whatever they want)
- less diversity (conglomerates can use one idea in every one of their facets)
- less jobs
No comments:
Post a Comment