Rush Hour/AmericaOnCoffee(AOC) has long supported a proposition to stop fake news. There would be little or no fake news at all, if news would undergo a validation process. News without a validation could then be deemed as fake. Our problem with news today in our fast-moving, technological times is: [The problem concentration is from media ownership]
Concentration of media ownership (also known as media consolidation or media convergence) is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media.Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated and dominated by a very small number of firms.
Globally, large media conglomerates include Bertelsmann, National Amusements (ViacomCBS), Sony Corporation, News Corp, Comcast, The Walt Disney Company, AT&T Inc., Fox Corporation, Hearst Communications, MGM Holdings Inc., Grupo Globo (South America), and Lagardère Group.
As of 2020, the largest media conglomerates in terms of revenue rank Comcast, The Walt Disney Company, AT&T, and ViacomCBS, per Forbes.
In nations described as authoritarian by most international think-tanks and NGOs, media ownership is generally something very close to the complete state control over information in direct or indirect ways.
Concentration of media ownership is very frequently seen as a problem of contemporary media and society. When media ownership is concentrated in one or more of the ways mentioned above, a number of undesirable consequences follow, including the following:
Commercially driven, ultra-powerful mass market media is primarily loyal to sponsors, i.e. advertisers and government rather than to the public interest.
Only a few companies representing the interests of a minority elite control the public airwaves.
Healthy, market-based competition is absent, leading to slower innovation and increased prices.
Diversity of viewpoints
It is important to elaborate upon the issue of media consolidation and its effect upon the diversity of information reaching a particular market. Critics of consolidation raise the issue of whether monopolistic or oligopolistic control of a local media market can be fully accountable and dependable in serving the public interest. wiki