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Conglomerates/Media Mergers

Conglomerates/Media Mergers. Conglomerates?. Conglomerate is a corporation that is made up of a number of different, seemingly unrelated businesses. In a conglomerate, one company owns a controlling stake in a number of smaller companies, which conduct business separately. Mcom 310.

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Conglomerates/Media Mergers

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  1. Conglomerates/Media Mergers

  2. Conglomerates? • Conglomerate is a corporation that is made up of a number of different, seemingly unrelated businesses. In a conglomerate, one company owns a controlling stake in a number of smaller companies, which conduct business separately Mcom 310

  3. Media Conglomerates • A media conglomerate or media institution is a company which owns large number of companies in various mass media as: • Television • Radio • Print media • Internet etc Mcom 310

  4. Why Conglomerates merge: There can be many reasons for firms to want to merge as: • increasing market share • synergy and cross selling • diversify and reduce their risk exposure. However, if a conglomerate becomes too large as a result of acquisitions, the performance of the entire firm can suffer. Mcom 310

  5. Giant Media Conglomerates There have been a lot of mergers and buyouts of media and entertainment companies since the 1980s. Mainstream media has since become more concentrated in terms of ownership and the influences of advertisers and owning companies both have an enormous in how mainstream media shapes itself and society Mcom 310

  6. Giant Media Conglomerates • Disney • AOL- Times Warner • Viacom • General Electric • News Corporation • Yahoo! • Microsoft • Google • Sky Network Mcom 310

  7. Disney Market Value: $142.92 B (forbes) • The Walt Disney Company is the largest global media conglomerate. Its FY 2000 revenues topped $25 billion, with 27% derived from parks and resorts, 24% from studio entertainment, and 17% from media networks. Mcom 310

  8. Example from Pakistan • The Independent Media Corporation. • It started with the publication of the Jang Group of Newspapers and later added the Geo Network to its offerings. The corporation holds monopoly in the print and electronic media market with its revenues higher as compared to the combined revenues of other media groups in Pakistan. Mcom 310

  9. Independent Media Corporation • It started with the publication of the Jang Group of Newspapers and later added the Geo Network to its offerings. • The corporation holds monopoly in the print and electronic media market with its revenues higher as compared to the combined revenues of other media groups in Pakistan. • Mir Khalil ur Rehman was the founder of the group and his son, Mir Shakil ur-Rahman, is the present head of the business house based in Karachi. • IMC owns the Jang Group of Newspapers and the Geo TV network. Mcom 310

  10. Independent Media Corporation • Geo News - a Pakistan based Urdu news channel • AAG TV - launched in September 2006 by the Geo Network, focusing on programs for the youth in Pakistan. Its broadcast was suspended in 2013 • GEO Super - sports channel, launched by Geo Network in September 2006. Programming content includes variety of sports from around the world, focusing mainly on cricket, with a secondary focus on boxing, football, tennis and field hockey. • Geo TV - a Pakistan based entertainment channel showing Dramas, musical programs, feature movies, primarily in the Urdu Language. • Geo Tez - a Pakistan based Headline channel • Geo Kahani - a Pakistan based Explicit Drama Channel Mcom 310

  11. Negative impacts of Conglomeration: • “If we can’t make money, we have no reason to exist.” • shift of interest of audiences to less important news such as celebrity scandals. • Misuse of marketplace of ideas. • Effects the culture. • “We can make it a trend by simply calling it a Trend.” Thats media. • Watchdog of Society. • Promotion of ideas of some specific people. • No voice for Common people. Mcom 310

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