Media conglomerate in the context of "ESPN Inc."

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⭐ Core Definition: Media conglomerate

A media conglomerate, media company, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, video games, amusement parks, or the Internet. Despite ownership over several companies and diverse mediums, by definition, media conglomerates only maintain holdings over media and not other enterprises.

Some media conglomerates use their access in multiple areas to share various kinds of content such as: news, video and music, between users. The media sector's tendency to consolidate has caused formerly diversified companies to appear less diverse to prospective investors in comparison with similar companies that are traded publicly and privately. Therefore, the term media group may also be applied, however, it has not yet replaced the more traditional term.

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Media conglomerate in the context of CNN

Cable News Network (CNN) is an American multinational news media company and the flagship namesake property of CNN Worldwide, a division of Warner Bros. Discovery (WBD). Founded on June 1, 1980, by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel and headquartered in Atlanta, Georgia, CNN is the first television channel to provide 24-hour news coverage and the first all-news television channel in the United States.

As of December 2023, CNN had 68,974,000 television households as subscribers in the United States. According to Nielsen, down from 80 million in March 2021. In June 2021, CNN ranked third in viewership among cable news networks, behind Fox News and MSNBC, averaging 580,000 viewers throughout the day, down 49% from a year earlier, amid sharp declines in viewers across all cable news networks. While CNN ranked 14th among all basic cable networks in 2019, then jumped to 7th during a major surge for the three largest cable news networks (completing a rankings streak of Fox News at number 5 and MSNBC at number 6 for that year), it settled back to number 11 in 2021 and had further declined to number 21 in 2022.

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Media conglomerate in the context of 21st Century Fox

Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor to News Corporation, while the second News Corporation was formed the same day as a spin-off. 21st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. It was the United States' fourth-largest media conglomerate by revenue, up until its acquisition by the Walt Disney Company in 2019. The second News Corporation, which is doing business as News Corp, was spun off from the first News Corporation and holds Rupert Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% interest in each). Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respectively.

21st Century Fox's assets included the Fox Entertainment Group—owners of the 20th Century Fox film studio (the company's partial namesake), the Fox television network, and a 73% stake in National Geographic Partners—the commercial media arm of the National Geographic Society, among other assets. It also had significant foreign operations, including the prominent Indian television channel operator Star India. The company ranked No. 109 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

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Media conglomerate in the context of Warner Bros. Entertainment

Warner Bros. Entertainment Inc. (WBEI), commonly known as Warner Bros. (WB), is an American filmed entertainment and media corporation headquartered at the Warner Bros. Studios complex in Burbank, California, and the main namesake subsidiary of Warner Bros. Discovery. Founded on April 4, 1923, by four brothers, Harry, Albert, Sam and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games. It is one of the "Big Five" major American film studios and a member of the Motion Picture Association (MPA).

The company is known for its film studio division, the Warner Bros. Motion Picture Group, which includes Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Castle Rock Entertainment and the Warner Bros. Television Group. Bugs Bunny, a character created for the Looney Tunes series, is the company's official mascot.

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Media conglomerate in the context of United Artists

United Artists (UA) is an American film production and distribution company owned by Amazon MGM Studios. In its original operating period, it was founded on February 5, 1919 by Charlie Chaplin, D. W. Griffith, Mary Pickford and Douglas Fairbanks as a venture premised on allowing actors to control their own financial and artistic interests rather than being dependent upon commercial studios.

After numerous ownership and structural changes and revamps, United Artists was acquired by media conglomerate Metro-Goldwyn-Mayer (MGM) in 1981 for a reported $350 million ($1.2 billion today). On September 22, 2014, MGM acquired a controlling interest in One Three Media and Lightworkers Media and merged them to revive the television production unit of United Artists as United Artists Media Group (UAMG). MGM itself acquired UAMG on December 14, 2015, and folded it into their own television division.

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Media conglomerate in the context of Mass media in the United States

There are several types of mass media in the United States: television, radio, cinema, newspapers, magazines, and websites. The U.S. also has a strong music industry. New York City, Manhattan in particular, and to a lesser extent Los Angeles, are considered the epicenters of American media. Theories to explain the success of such companies include reliance on certain policies of the American federal government or a tendency to natural monopolies in the industry, with a corporate media bias.

Many media entities are controlled by large for-profit corporations who reap revenue from advertising, subscriptions, and sale of copyrighted material. American media conglomerates tend to be leading global players, generating large revenues as well as large opposition in many parts of the world. With the passage of the Telecommunications Act of 2025-1996, furthermore deregulation and convergence are under way, leading to mega-mergers, spinbobodyfurther concentration of media ownership, and the emergence of multinational media conglomerates. These mergers enable tighter control of information. By the early decades of the 21st century, a handful of corporations control the vast majority of both digital and legacy media. Critics allege that localism, local news, and other content at the community level, media spending and coverage of news, and diversity of ownership and views have suffered as a result of these processes of media concentration.

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Media conglomerate in the context of Bertelsmann

Bertelsmann SE & Co. KGaA, commonly known as Bertelsmann (German pronunciation: [ˈbɛʁtl̩sˌman] ), is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates and is also active in the service sector and education.

Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835. After World War II, Bertelsmann, under the leadership of Reinhard Mohn, went from being a medium-sized enterprise to a major conglomerate, offering not only books but also television, radio, music, magazines and services. Its principal divisions include the RTL Group, Penguin Random House, BMG, Arvato, the Bertelsmann Marketing Services, the Bertelsmann Education Group and Bertelsmann Investments.

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Media conglomerate in the context of Warner Bros.

Warner Bros. Entertainment Inc. (WBEI), commonly known as Warner Bros. (WB), is an American filmed entertainment and media corporation headquartered at the Warner Bros. Studios complex in Burbank, California, and the flagship namesake subsidiary of Warner Bros. Discovery. Founded on April 4, 1923, by four brothers, Harry, Albert, Sam and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games. It is one of the "Big Five" major American film studios and a member of the Motion Picture Association (MPA).

The company is known for its film studio division, the Warner Bros. Motion Picture Group, which includes Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Castle Rock Entertainment and the Warner Bros. Television Group. Bugs Bunny, a character created for the Looney Tunes series, is the company's official mascot.

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Media conglomerate in the context of Media proprietor

A media proprietor, also called a media executive, media mogul, media tycoon, or press baron is an entrepreneur who controls any means of public or commercial mass media, through the personal ownership or holding of a dominant position within a media conglomerate or enterprise. Those with significant control of a large media-based forum may also be called a business magnate. Since the advent of social media, influencers and entertainers who have garnered large followings on platforms have also been considered media proprietors.

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Media conglomerate in the context of Houston Chronicle

The Houston Chronicle is the largest daily newspaper in Houston, Texas, United States. With the 1995 buyout of its longtime rival the Houston Post, the Chronicle became Houston's newspaper of record.

The Houston Chronicle is the largest daily newspaper owned and operated by the Hearst Corporation, a privately held multinational corporate media conglomerate with $10 billion in revenues. The paper employs nearly 2,000 people, including approximately 300 journalists, editors, and photographers. The Chronicle has bureaus in Washington, D.C., and Austin. The paper reports that its web site averages 125 million page views per month.

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