Since 1990, a wave of massive deals and rapid globalization have left the media industries further centralized in nine transnational conglomerates—Disney, AOL Time Warner, Viacom (owner of CBS), News Corporation, Bertelsmann, General Electric (owner of NBC), Sony, AT&T-Liberty Media, and Vivendi Universal. These giants own all the world’s major film studios, TV networks, and music companies, and a sizable fraction of the most important cable channels, cable systems, magazines, major-market TV stations, and book publishers.
See prior section: in 1983 there were 50 media/news agencies
