The Corporate
Media Pyramid, written by Freydis
Americans and Canadians, like most
people everywhere, enjoy media based entertainment,
perhaps even more than they like food, but few of them really
know where either product comes from of where their money is
really going
when they consume either product. This report focuses on the
mass-media entertainment industry. This is an especially crucial
segment of the business world to clarify because the majority of
Americans receive the news and information they use to make
important decisions from the mass-media.
Brands and logos are
certainly a study in their own right but on a
more practical level for the average consumer
merely sorting out which brand fits with which
company is often a daunting task, and indeed even the research
for this report was not always easy because many corporations do
not make the ownership of
media subsidiaries very
clear. This report is not meant to depict
every mass-media company but is simply an attempt to clarify the
dominant Internet-age
mass-media corporations and their major holdings and subsidiary
brands. That suffices to cover the majority of news and
information used by the English-speaking public.
More Channels but Fewer
Alternative Voices
Just as I found while researching
food brands (see DOR's
Corporate Food
Pyramid), media companies do the same thing:
rapid brand multiplication without significant
product alteration. This may increase product sales but
ultimately it just adds to confusion. Concocting
multiple alternates of the same or nearly
identical product creates an illusion of choice
but mitigates the ability of the consumer to make
accurate purchasing decisions or to support or
penalize corporate actions. This report will
hopefully aid analysis of those and other
concerns. The number cable television channels available to the
consumer rapidly multiplies creating the illusion of a wide
spectrum of variety and corporate control when in reality the
exact opposite is occurring. A dwindling number of very
influential media companies and very wealthy individuals control
and ever widening array of entertainment programming.
We all should be
concerned about powerful monopolies dominating a
sector that we critically depend upon every day. Accurate and
useful information is absolutely necessary for everyone to make
correct and beneficial decisions, especially in a democracy! It's
no secret that whoever controls the mass-media controls the
political landscape as well.
The first and foremost goal
of every public corporation is to make a profit - as much money
as fast as they can, but after a financial gain is achieved the
owners and other influential persons are free to pursue whatever
ideological, theological, or personal agenda they wish to, and
pursue it they do. This is why corporate media consolidation is
such a critical issue because, it narrows the variety of voices
and opinions being seen and heard by the American public and
artificially constrains the range of ideas and solutions
circulating within 'acceptable' public debate. Mass-media influence can be broken
down into two portions: capital
control (the money) and content control (the message).
Determining capital control is relatively easy because the
financial details of publicly traded companies must be reported
to government authorities and published for public viewing.
Determining content control is more difficult but the general
agenda and tone of the media outlet is usually fairly clear and
is very unlikely to contradict the views and agendas of the
capital controllers. Fox news for instance leaves little doubt
as to which political side they favor.
Perhaps
even more important than capital and content is distribution
because media has to be delivered to the audience. Most of the
major media conglomerates have at least some wholly owned
distribution assets be they billboards along streets, TV and
radio stations, or Internet sites that can be used to deliver
corporate content to the audience.
Owners and managers of media
corporations have every right to control, censor and edit the
content on their media outlets by virtue of the ownership they
exercise over those assets. They can choose to sell advertising
to one person or group and deny it to another based on whatever
reasoning, or lack of it, that they choose. This is why private
ownership of the mass-media is so often harmful to the safety
and welfare of the public. When media
corporations also own the means of distribution their control of
information comes full circle because the media managers can
decide what information they want released and where it goes and
at the same time deny alternate information from ever being
released or distributed. Private ownership and control over the
means of media distribution is especially dangerous because it
gives the controller every option to refuse to allow anyone they
don't like and any information they don't like from ever being
published or broadcast and thereby reaching the public.
"When
you're exposed to network TV news, it's always good to bear in
mind that you're watching millionaires working for billionaires,
telling stories whose main purpose (from an economic
perspective) is to get you to hold still long enough for
corporate advertisements to rearrange your value system."
- Jim Naureckas, 2007, editor of Extra! by FAIR.
This is
the reason why laws and regulations are put in place to prevent any single media
company from controlling too much media content or distribution
in one region. Not surprisingly given the profit motive and the
desire to control information mass-media companies have spent
billions of dollars to subvert these rules and in the process
have severely corrupted public officials in their favor.
The real problem is that news
and information are not considered a public good in the United
States but is instead treated as merely another commodity to be
exploited for
private profit. As long as this very short-sighted and
self-destructive belief maintains its grip on the attitude of
leaders and citizens mass-media consolidation will only continue
while the quality and diversity of news and information critical
for accurate decision-making will deteriorate further. As it
stands today with the commercial mass-media you can pretty much
take whatever their consensus is at any given moment and invert
it to get the real truth on matters. Our contemporary mass-media
effectively serves the function of molding public opinion to fit
the beliefs and values of the ruling elite. And unfortunately
the editors and journalists of the mainstream mass-media work
hand-in-glove for the establishment rather than analyzing
assumptions and perceptions and criticizing those in power as is
the expected function of journalists.
You Have
Buying Power
Money is power, everyone
spends money therefore everyone has power; don't squander this
power - use it wisely. Nearly every consumer product has an
alternative. If you don't like a store don't buy there; if you
don't like the products or lifestyle a company promotes, don't
buy their products and if you really dislike them you can
go one step further and boycott them outright and tell others to
do the same. Media corporations can be influenced by public
input just like any other profit-driven business, even more so
because they are regulated and licensed by government authority.
With enough public protest a broadcaster can have their license
revoked by the government, the FCC in the United States, and
will be forced to either shut down or change their behavior.
Boycotts only
work if you know about the company and you know what all their
products are. This may seem simple but it's actually a very
confusing task because brands are not always clearly connected
to the parent company. Every consumer has
significant power through the purchases they make on a daily
basis - more so than they realize because even the largest
company has a bottom line. Especially in a competitive
marketplace boycotts and the actions of astute consumers do make
an impact and corporate decision makers will react to
public demand.
This
report is not meant to be an exhaustive review and anyway the
media companies are in a constant state of flux, buying one
subsidiary and selling another while changing the name of the
rest. Accurate reader input is always appreciated. If you know
of a fact or piece of information not included here or are aware
of a change or update please send me an e-mail and the source of
your facts and I'll make the correction or add in the update as
appropriate.
Freydis, 04.03.07
|
CanWest is the largest media conglomerate and the
largest newspaper publisher in Canada. CanWest also
owns a multitude of media operations from TV and radio
to newspapers and Internet sites around the world.
CanWest begins in 1975, when
Israel "Izzy" Asper started a single television
station in his hometown of Winnipeg. When Asper died
in 2003, he left behind a global media empire that
includes film production, newspapers and broadcasting
stations on four continents. Leonard Asper, who
succeeded his father, has said he wants CanWest, a
family-controlled but publicly traded company with
about $2.9 billion (Canadian) in revenues, to become
one of the world's five-largest media conglomerates.
[3]
April 2009 - Like many other major
North American newspaper publishers CanWest is
suffering a major loss in profitability as advertising
revenue evaporates during widespread economic decline.
As a consequence CanWest has begun selling assets to
raise cash. "Canwest is
considering selling five conventional TV stations and
has agreed to sell its stake in sports broadcaster
Score Media. It has already sold the New Republic
magazine in the United States to a group of private
investors." [15]
|
|
CONTENT |
Newspapers
-
Abbotsford Times
-
Alberni Valley Times
-
Bargain Bundle
-
Burnaby Now
-
Calgary Herald
-
Campbell River Courier Islander
-
Chilliwack Times
-
Comox Valley
Echo
-
Coquitlam Now
-
Cowichan Valley
Citizen
-
Delta Optimist
-
Dose (33% - Vancouver)
-
Edmonton Journal
-
Gazette (Montreal)
-
Harbour City
Star
-
Langley Advance
-
Leader-Post
-
Maple Ridge Times
-
Metro publication
"and its extensive outreach delivers
a new generation of premium audience to
advertisers."
-
Montreal Gazette
-
Nanaimo Daily News
-
National Post
-
New Westminster Record
-
North Shore News
-
Oceanside Star
-
Ottawa Citizen
-
Pennyworth Shopper (Port Alberni)
-
Province (BC)
-
Regina Leader Post
-
Richmond News
-
Saskatoon Star Phoenix
-
Saskatoon Sun
-
Shop Windsor
-
Southam
Publications
-
St. Catharines Standard
-
St. John's Telegram
-
The Now Community (Surrey)
-
The StarPhoenix
-
The TimesColonist
(BC)
-
Vancouver Courier Downtown
-
Vancouver Courier Eastside
-
Vancouver Courier Westside
-
Vancouver Province
-
Vancouver Sun (BC)
-
Victoria Times-Colonist
-
Westerly News (Port Alberni)
-
Windsor Star
Vannet Newspaper
Group
(publishes 13 community newspapers)
The Vancouver
Island Newspaper Group
(publishes eight small
newspapers)
-
Campbell River’s Courier Islander
-
Courtenay’s
Comox Valley Echo
-
Duncan’s Cowichan Valley Citizen
-
Nanaimo’s Harbour City Star
-
North Islander
-
Parkville’s Oceanside Star
-
Port Alberni’s Pennyworth Shopper
-
Ucluelet/Tofino’s
Westerley News
|
 |
Television
-
CanWest News
Service (CNS)
-
CH Hamilton
-
CH in Montreal
-
CH Vancouver
Island
-
CHBC - Kelowna,
British Columbia
-
CKRD - Red
Deer, Alberta
-
CoolTV
-
DejaView
-
Fox Sportsworld
Canada
-
Global
Television Network
-
Lonestar
-
MenTV
-
Mystery
-
Network TEN
-
Prime TV
-
TV3 & TV4 (New
Zealand)
-
TVtropolis
-
Xtreme Sports
|

 |
Radio
-
New Zealand
- MORE FM
- Channel Z
- RadioWorks
(72%)
|
|
Magazines
- ed
- Financial
Post Business
- Living
Windsor
- TVtimes
-
shout "aboriginal
youth"
-
Swerve
|
|
|
DISTRIBUTION |
Film
- CanWest
Entertainment
- Fireworks
[multiple]
|
|
Internet
-
All Sport Ventures
(controlling interest)
-
canada.com
-
celebrating.com
-
connecting.com
-
driving.ca
-
faceoff.com
-
FP DataGroup
-
FPinfomart.ca
-
Internet Broadcasting
Systems (partial)
-
LifeServ
Corporation (partial)
-
Medbroadcast
Corporation (partial)
-
remembering.ca
-
working.com
|
|
Various
- Mobile Video
Productions
- QuickTrac
software
- QuickWire
software
|
|
|
|
Toronto:CGS.TO |
3100 CanWest
Global Place
201 Portage Avenue
Winnipeg, MB R3B 3L7 |
|
Yearly Revenue: $2,460,000,000 |
|
Profit Margin:
7.44% |
|
Share Price: C$7 |
|
Full
Time Employees: 10,656 |
|
|
Capital
Control |
CEO, President
Leonard J. Asper, 43 |
 |
Pay:
$549,000
Shares Owned: ? |
Chairman of the Board
Derek H. Burney, 66 |
Pay:
?
Stock Options Used:
Shares Owned:
? |
Chief Financial Officer
John Maguire |
Pay:
$254,000
Shares Owned: ? |
|
Content
Control
CanWest mandated [in 2000]
that the papers, from Vancouver to Halifax, print national
editorials written in Winnipeg.
Charles
Shannon, a copy editor at the Gazette, the only daily
serving Montreal's 1 million Anglophone readers, says, "One
definite edict that came down was that there should be no
criticism of Israel. And by that I mean not even a mild
rapping of the wrist." Shannon says he was instructed to
change Reuters copy to reflect CanWest's position. "The
message that was passed down to the copy desk was to change
'militant' to 'terrorist' when talking about armed
Palestinians," he says. "It was a political change."
But
there's one area where the Asper family and
[Marty]
Peretz's politics are clear and in perfect alignment:
Israel, where the Aspers' foundation has spent millions
sponsoring community centers, schools and museums.
[3]
Many of the newspapers
owned and operated by CanWest in Canada, The Leader-Post in
Regina for example, have no competitors. In major markets
CanWest owns multiple newspapers, about a dozen in British Columbia
for example. In effect the Asper family that controls
CanWest operates as a news and information monopoly for much
of Canada. |
Executive VP, Director,
Chairman of National Post
David A. Asper |
Pay:
$353,000
Stock Options Used:
Shares Owned:
? |
President and CEO,
CanWest MediaWorks Canadian Operations
Peter D. Viner |
Pay:
?
Stock Options Used:
Shares Owned:
? |
President, CanWest
Mediaworks International
Thomas C. Strike |
Pay:
$454,000
Stock
Options Used:
$
Shares Owned: ? |
|
Facts and
figures snapshot taken March, 2007. |
|
Although
Google has limited media holdings now they are an aggressive
enterprise with more than $11 billion in cash they can spend and a
record of attempting to acquire business interests in
practically every area they can get into. With the recent
purchase of YouTube mass-media entertainment is proving no
exception to Google's expansion-oriented business model.
What makes Google
particularly important to closely monitor is the enormous
influence that Larry Page and Sergey Brin exert over the
company as revealed in the most recent Form 10-K filed with
the SEC, excerpted below. Also of note, although Page, Brin,
and CEO Eric Schmidt advertise the fact they take only a
token yearly salary their stock wealth makes them one of the
few richest people in the world. Despite the benevolent
corporate posturing it's not difficult for suspicious minds
to see Google Incorporated as the Internet version of Wal*Mart
in sheeps clothing.
In April 2007 Google
bought the Internet advertising company DoubleClick for $3.1
billion. [5]
In June of 2007 Google
paid an undisclosed amount for GrandCentral.com, an online
company that organizes customer telephone numbers.
In July 2007 Google paid
$625 million in cash for Postini, a software security
company specializing in instant messaging and other
Web-based communications. "Google
executives say the deal will help it move further into
business services such as e-mail, instant messaging, online
calendar services and online productivity software."
And, "The company [Google]
makes nearly all of its money from selling text-based ads
posted alongside search results." [8]
|
|
DISTRIBUTION |
Internet
-
YouTube
-
AppJet (collaboration software)
-
AdMob (Mobile advertising)
-
DocVerse (online collaboration using
Microsoft-formatted software)
-
Dodgeball
-
Keyhole
-
Picasa
-
Blogger
-
deja.com
-
JotSpot
-
GrandCentral.com
-
Postini
-
Google
[various]
|
 |
|
Advertising
|
Advertising accounted for 99% of revenues in the
fourth quarters of both 2006 and 2005. GoogleWeb sites
accounted for 62% of 2006 fourth quarter revenues and
57% of the prior year period's revenues. Google
NetworkWeb sites contributed 37% of 2006 fourth
quarter revenues and 42% in the 2006 quarter. From: Standard & Poor's |
|
|
NASDAQ: GOOG |
1600
Amphitheatre Parkway
Mountain View, CA 94043 |
|
Yearly Revenue: $10,600,000,000 |
|
Profit Margin:
29.02% |
|
Share Price: $675 |
|
Full
Time Employees:
5,680 |
|
For a
full list of Google Incorporated's subsidiary companies read
SEC form
10-K EX-21.
|
|
Capital Control
73%
of the voting power of our outstanding capital stock. In
particular, as of December 31, 2006, our two founders and
our CEO, Larry, Sergey and Eric, owned approximately 85% of
our outstanding Class B common stock, including options to
purchase Class B common stock, representing approximately
66% of the voting power of our outstanding capital stock.
Larry, Sergey and Eric therefore have significant influence
over management and affairs and over all matters requiring
stockholder approval, including the election of directors
and significant corporate transactions, such as a merger or
other sale of our company or its assets, for the foreseeable
future. In addition, because of this dual class structure,
our founders, directors, executives and employees will
continue to be able to control all matters submitted to our
stockholders for approval even if they come to own less than
50% of the outstanding shares of our common stock. This
concentrated control limits our stockholders’ ability to
influence corporate matters and, as a result, we may take
actions that our stockholders do not view as beneficial. As
a result, the market price of our Class A common stock could
be adversely affected.
From: Google Inc. Form 10-K filed March 1, 2007,
italics added. |
CEO
Dr. Eric E. Schmidt, 52 |
 |
Pay: $1
Stock
Options Used:
?
Eric E. Schmidt owns 12,500,000 shares worth about
$5,500,000,000 [2] |
Co-Founder, Executive Committee Member
Larry
Page, 34
Co-Founder, Executive Committee Member
Dr. Sergey Brin, 33 |
 |
Pay:
$1
Stock
Options Used:
?
Larry Page owns 32,100,000 shares
worth about $14,000,000,000
Sergey Brin owns 31,600,000 shares
worth about $14,000,000,000 [2] |
Chief
Financial Officer, Senior Vice President
George Reyes |
Pay:
$811,881
Stock
Options Used:
?
Shares Owned: 33,333 |
Senior VP
of Marketing and Management
Jonathan J. Rosenberg, 45 |
Pay:
$944,533
Stock
Options Used:
?
Shares Owned: 38,833 |
|
Content Control |
|
Google
currently produces very little, if any, original content
opting instead to create venues for material produced by
others then exploiting those venues as a vehicle for
advertising revenue. Google's forums, like YouTube, are
edited for content deemed inappropriate or offensive and
increasingly Google is under intense pressure to block user
content that infringes wealthy copyright holders (i.e. Disney,
NBCu, etc.). |
|
Facts and
figures snapshot taken March, 2007. |
|
It's an
open question whether Microsoft is really a media
company. They have made efforts in the past to buy up
content creators but mostly they focus on media
technology companies when they stray from their core
business of software. Google has been rapidly
outpacing Microsoft in software but especially
Internet media. Nonetheless Microsoft has an enormous
amount of cash they can use to buy other companies,
$26.4 billion to be exact,
and build their own media empire if they ever fully commit
to doing so.
Perhaps
more important to watch in the near-term is that
Microsoft has expressed, and displayed, a keen
interest in using their software to connect and merge
every possible electronic device from cell phones to
personal computers. This unified interoperability will
form a critical element of media control in the 21st
century.
In May of 2007
Microsoft spent $6 billion to buy aQuantive
incorporated, an online advertising company, making it
the largest acquisition in Microsoft's history and a
competitive action in response to Google's recent
purchase of DoubleClick incorporated. [5]
In October 2007
Microsoft bought a 1.6% stake in Facebook, a private
company currently valued at $15 billion. Wait ... $15
billion, really?! I suppose the same people
foolish enough to pay almost $700 dollars for a single
share of Google Inc. will have no problem with a $15
billion price tag on Facebook, a company that's been
charitably described as 'a place to waste time'. A
slightly more accurate description of Facebook is 'a
place to watch advertising'.
Facebook hopes to become an advertising magnet by
substantially increasing its current audience of
nearly 50 million active users, who connect with
friends on the site through messaging, photo-sharing
and other tools.
The Facebook investment represents a coup for
Microsoft because it provides the world's largest
software maker with a toehold on one of the Internet's
hottest platforms and a potentially lucrative forum
for selling online ads.
In
its fiscal year ending in June, Microsoft's online ad
revenue rose 21 percent to $1.84 billion. Over the
same period, Google's ad revenue totaled $13.3
billion.
[12]
December 2007
Microsoft buys London-based Multimap, also:
Last week the company said it purchased Seattle
startup WebFives, formerly Vizrea, which provides a
Web-based file-sharing service for Internet and mobile
video, photos, audio, and blogs.
All of these efforts are part of
a now two-year push to add services and content for
its online brands to boost the revenue of its Online
Services Business segment.
In
addition to making acquisitions, Microsoft also has
been partnering with online content and service
providers to offer online advertising. On Monday, the
company announced a deal to be the exclusive provider
of display and contextual advertising for CNBC.com, a
deal similar to ones it already has in place with
Facebook globally and Digg in the U.S.
[14]
|
|
CONTENT |
Internet
- The Code Room
- Multimap
(online mapping service)
- MSDN TV
|
|
|
TV
|
|
|
Games
|
 |
|
DISTRIBUTION |
TV
- MSN TV
(formerly WebTV)
- Peach Networks
(TV technology company)
- UltimateTV
(digitally recorded TV)
|
|
Internet
-
MSN
-
aQuantive
(online advertising)
-
Facebook
(1.6%)
-
Massive (game
network)
-
MessageCast
(message alert technology)
-
Mongo Music
-
Music Central
-
OnFolio
-
WebFives
(formerly Vizrea. File-sharing
service for Internet, mobile video, audio,
blogs.
-
Windows
(various)
-
ZoneFriends
(buddy matchmaking system)
-
ZoneLAN
(game matchmaking system)
-
Zone Message
|
 |
|
|
NASDAQ: MSFT |
One
Microsoft Way
Redmond, WA 98052-6399 |
|
Yearly Revenue: $46,060,000,000 |
|
Profit Margin:
25.86% |
|
Share Price: $31 |
|
Full
Time Employees: 71,000 |
|
For a
full list of Microsoft Corporation's subsidiary companies
read SEC form
10-K EX-21.
|
|
Capital Control
With 9.79 billion shares
of Microsoft outstanding Bill Gates owns about 10% of the
company, giving him significant voting influence over the
business even regardless of his official status within the
corporate hierarchy. |
Co-Founder and Chairman
William H. Gates III, 51 |
 |
Pay:
$966,000
Stock
Options Used:
?
Shares Owned:
919,499,336 |
CEO and
Executive Director
Steven A. Ballmer, 50 |
Pay:
$966,000
Stock
Options Used:
$680,000
Shares Owned: 408,252,990 |
Chief
Operating Officer
Kevin Turner, 42 |
Pay:
$839,000
Stock
Options Used:
?
Shares Owned: ? |
Pres of
Business Unit
Jeffrey S. Raikes, 49 |
Pay:
$1,100,000
Stock
Options Used:
?
Shares Owned: 5,405,379 |
Co-president of Platform Products & Services
Kevin R. Johnson, 46 |
Pay:
$1,100,000
Stock
Options Used:
?
Shares Owned: ? |
|
Content Control |
|
(uncertain) |
|
|
Facts and
figures snapshot taken March, 2007. |
|
In
1926 NBC was established as the first
radio network in the US, and quickly
gained market share under two parts:
NBC-Red and NBC-Blue. In the early 1940s
the Federal Communications Commission
(FCC) forced NBC to break up and
NBC-Blue eventually became ABC (now
owned by Disney).
NBC Universal,
formerly the National Broadcasting
Company (NBC) and Vivendi Universal
Entertainment. NBC Universal is a media
and entertainment company, jointly owned
by General Electric Company
[80%]
and Vivendi
Universal
[20%]. NBC Universal was formed in
May 2004 through the acquisition of Vivendi Universal Entertainment, a
division of the French-owned Vivendi
Universal, by General Electric. The
transaction brought together a major
U.S. television network, seven cable
television channels, motion-picture and
television production studios, and
several theme parks.
[1]
Since
NBC is owned by General Electric, one of
the largest conglomerate corporations in
the world, NBC doesn't have stock
traded on Wall Street and thus NBC's
financial figures are part of GE and
not easily discernable. According
to Fortune magazine NBCU is estimated to
be worth $40 billion in 2007, bigger
than CBS or Viacom. [6]
In
October 2007 NBC Universal purchased
Oxygen Media, the cable-television
network co-founded by Oprah Winfrey, for
$925 million with the aim of attracting
younger female viewers.
"More than 40
percent of Oxygen's viewers are women
between 18 and 49, helping NBC target a
demographic coveted by advertisers. ...
The network will be operated by NBC's
entertainment cable division, which is
led by Jeff Gaspin, chief operating
officer of Universal Television Group."
[11]
NBC
Universal agreed to buy The Weather
Channel and Weather.com for $3.5 billion
from Landmark, a privately held media
company, in July 2008.
April 2009 - The
major media bosses continue to envision
the Internet as a passive one-way forum
for them to push content onto paying
consumers, yet their corporations still
struggle to ‘monetize’ the Internet.
Along these lines ABC
has purchased a stake in Hulu.com,
an Internet site delivering TV shows
founded by NBC and News Corporation.
Hulu.com competes with Google's
YouTube and CBS's TV.com.
Maximum profits come from monopolies and
restricting entry of new competitors, but
the fundamental nature of the Internet
is contrary to both desires and
therefore it remains difficult to
exploit for corporate benefit. As a
consequence the major media corporations
will work to manipulate regulators to
support their aims, just as in the past,
while they desperately seek to regain
lost revenue from declining print and
broadcast venues as well as control over
the flow of information that's now
slipping away. |
|
CONTENT |
|
TV
|
The NBC Universal
Television Stations division comprises
10 NBC television stations in major U.S.
television markets, along with 16
Telemundo stations and one independent
Spanish-language television station.
Together, these stations cover more than
30% of the nation's viewing households,
and annually generate approximately $1.5
billion in revenue from advertising
sales. ... The company's Telemundo
stations are in key Hispanic markets to
capitalize on the nation's
fastest-growing population segment, and
station duopolies in six of the nation's
top 20 markets enhance profitability and
enable the stations to deliver the
highest quality programming to their
audiences.
[2] |
Film
-
Universal Pictures
-
Focus Features
-
Rogue Pictures
|
 |
Internet
-
Hulu.com (with ABC and
NewsCorp) - competes with Google's
YouTube and CBS's TV.com
-
iVillage.com
-
getTrio.com
-
Weather.com
|
|
|
DISTRIBUTION |
Distribution
-
nbbc (the National Broadband Company)
-
27
TV stations
|
|
|
General Electric
NYSE: GE |
3135 Easton Turnpike
Fairfield, CT 06828-0001 |
|
Yearly Revenue: $160,660,000,000 |
|
Share Price: $40 |
| Full Time Employees:
~600,000 |
|
|
Capital Control |
President and Chief Executive Officer
Jeff Zucker |
 |
Pay:
$?
Stock Options
Used:
$?
Shares Owned: ? |
Executive Vice President and Chief Financial Officer
Lynn Calpeter |
Pay:
$?
Stock Options
Used:
$?
Shares Owned: ? |
Executive Vice President
Bruce Campbell |
Pay:
$?
Stock Options
Used:
$?
Shares Owned: ? |
|
Content Control (Estimated) |
President, NBC
Universal Cable and Digital Content
Jeff Gaspin |
? |
President and COO
of Universal Studios
Ron Meyer |
? |
President, Media
Works, Chief Information Officer for NBC Universal
John Eck |
? |
|
Facts and figures snapshot taken March, 2007. |
|
Rupert Murdoch's massive
media operation spans the globe. The U.S. and Canada markets
make up 56% of News Corporation's revenue, 30% is from
Europe, and 14% from Australasia and everywhere else. Recent deals
include one to push FOX TV, such as American Idol,
onto Apple's iTunes service and mobile content
destination Mobizzo. |
|
CONTENT |
TV
-
20th Century
Fox TV
-
Fox News
-
FX
-
Speed
-
National Geographic
TV
-
Fuel
-
My Network TV
(formed in merger between the UPN and WB networks)
-
Star TV
-
Fox Reality
Channel
-
Fox College
Sports
-
Fox Sports
[multiple]
-
Regional sports networks (including FSN Ohio,
FSN Florida and 40% of FSN Bay Area)
-
Stats Inc.
-
NDS
(interactive TV technology)
|
 |
Film
-
Blue Sky
Studios
-
Fox film
studio
-
Fox
Searchlight
-
New World
Communications
|
|
Radio
-
Classic FM
-
Radio
Veronica
-
Sky Radio
Germany
-
Sky Radio
Denmark
-
Sky Radio
Netherlands
|
|
|
Internet (Fox Interactive Media unit created in August
2005)
|
 |
|
Magazines
|
|
Newspapers
-
Daily Telegraph
-
Fiji Times
-
Gold Coast Bulletin
-
Herald Sun
-
Independent Newspaper Ltd.
-
New York Post
-
News International
-
News of the World
-
Newsphotos
-
Newspix
-
Newstext
-
NT News
-
Post Courier
-
Sunday Herald Times
-
Sunday Mail
-
Sunday Tasmanian
-
Sunday Territorian
-
Sunday Times
-
The Advertiser
-
The Australian
-
The Courier-Mail
-
The Mercury
-
The Sun
-
The Sunday Mail
-
The Sunday Telegraph
-
The Sunday Times
-
The Times
-
Times Educational Supplement
-
Times Higher Education Supplement
-
Times Literary Supplement
-
TSL Education
-
Wall Street Journal
-
Weekly Times
|
|
|
DISTRIBUTION |
|
Publishing
|
 |
|
Direct Broadcast
Satellite
|
 |
|
Music
|
|
|
|
NYSE: NWS |
1211 Avenue
of the Americas
New York, NY 10036 |
|
Yearly Revenue: $26,740,000,000 |
|
Profit Margin:
12.48% |
|
Share Price: $23 |
|
Full
Time Employees: 47,300 |
|
For a
full list of News Corporation's subsidiary companies read
SEC form
10-K EX-21.
|
|
Capital
Control
The
company's board is controlled by its chairman, Rupert
Murdoch, who owns about 29.9% of the company's Class B
shares (NWS; voting) and 3.3% of the Class A shares (NWS.A;
non-voting). In November 2004, the board adopted a "poison
pill," most recently extended again in October 2006 to deter
the purchase of additional shares by Liberty Media, the
company's second largest shareholder, which currently holds
a 19% voting stake (Class B shares). From: Standard &
Poor's
|
CEO
K. Rupert Murdoch, 75 |
 |
Pay:
$25,908,939
Shares Owned: 16,118
'Murdoch
Family Trust':33,955,910 |
President, COO and
Director
Peter Chernin, 55 |
Pay:
$29,759,855
Stock Options Used:
$4,680,000
Shares Owned:
? |
Chief
Financial Officer, Senior Executive VP
David F. DeVoe, 59 |
Pay:
$8,999,590
Shares Owned: ? |
CEO of
FOX News, Chairman of Fox TV Stations
Roger Ailes, 66 |
Pay:
$8,505,248
Stock Options Used:
$1,340,000
Shares Owned: ? |
|
Content
Control (Estimated) |
Publisher of New York Post, Chairman & CEO of News America
Marketing
Paul Carlucci |
Pay:
$?
Stock Options Used:
$?
Shares Owned: ? |
|
Facts and
figures snapshot taken March, 2007. |
|
Founded in 1851 by Paul Julius Reuter, Reuters Group
is a worldwide news content provider that produces
photos, graphics, video and print news, financial
data, and more - in other words just about everything
needed to fill up the remaining space in a newspaper
or news program after all the advertising is packed
in.
-
World's largest international multimedia news agency
- 2,400 editorial staff, journalists, photographers
and camera operators in 196 bureaux serving
approximately 131 countries
-
In 2006 Reuters filed over two and a half million
news items, including 656,500 alerts, from 209
countries around the world published in 18
languages.
-
Reuters is among the most read
news sources on the Internet reaching millions in
their offices, homes or on PDAs From:
Reuters
|
|
CONTENT |
| Categories:
Reuters TV & Video
(raw video and packaged news reports)
Reuters Pictures
(news photos)
Reuters Graphics
(illustrations)
Reuters Online
Services (multimedia news for websites) |
|
|
DISTRIBUTION |
|
Reuters Newswires (text based news repackaged and
reprinted by other news and entertainment companies)
Reuters also
produces and operates multiple data feeds with a
particular focus on financial information. |
|
|
|
NASDAQ: RTRSY |
The Reuters
Building
South Colonnade
London, E14 5EP
United Kingdom |
|
Yearly Revenue: $4,950,000,000 |
|
Profit Margin: 11.89% |
|
Share Price: $80 |
|
Full
Time Employees: ? |
|
|
Capital
Control |
Chief Executive Officer, Executive Director
Thomas H. Glocer, 47 |
 |
Pay:
$2,910,000
Shares Owned: 372,145 |
Chief Financial Officer
David Grigson, 52 |
Pay:
$1,300,000
Shares Owned: 63,430 |
Chief Operating Officer,
President of Business Divisions
Devin N. Wenig, 39 |
Pay:
$1,050,000
Shares Owned: 105,843 |
|
Content
Control |
Editor In Chief , Global
Managing Editor and Head of Editorial Operations
David Schlesinger, 46 |
Pay: $
Shares Owned:
? |
|
Facts and
figures snapshot taken March, 2007. |
|
Sony
Pictures is owned by the Sony Corporation of Japan.
"Sony Pictures
Entertainment's global operations encompass motion picture
production and distribution, television programming and
syndication, home video acquisition and distribution, operation
of studio facilities, development of new entertainment
technologies and distribution of filmed entertainment in 67
countries worldwide."
Columbia
Pictures is owned by Sony. BMG Music is owned by Sony 50% and
Bertelsmann AG 50%.
"Pictures
segment engages in the production, acquisition, and distribution
of motion pictures, television programming, and home
entertainment; television broadcasting; digital content creation
and distribution; and operation of studio facilities."
|
|
CONTENT |
|
Film
Columbia TriStar Motion Picture Group
-
Columbia Pictures
-
Sony Pictures
Classics
-
Screen Gems
-
TriStar Pictures
Sony Pictures Digital
|
 |
|
TV
Sony Pictures Television Group
-
AXN
-
Animax Japan
-
SoapCity
-
Game Show Network
(50% with Liberty Media)
-
Movielink
(jointly owned with Paramount Pictures, Sony
Pictures Entertainment, Universal Studios and Warner
Bros. Studios)
|
|
|
Music
Sony BMG Music
Entertainment (50% with Bertelsmann)
-
Arista
Records
-
BMG [various]
-
Columbia
Records
-
Epic Records
-
J Records
-
Jive Records
-
LaFace
Records
-
Legacy
Recordings
-
RCA Records
-
RCA Victor
Group
-
RLG -
Nashville
-
Sony
[various]
-
So So Def
Records
-
Verity
Records
-
Sony/ATV
Music Publishing (joint venture with Michael
Jackson)
-
Music Choice
(venture with Time Warner, EMI, Motorola, Microsoft,
and several cable companies: Cox, Comcast, Adelphia,
Time Warner Cable)
|
 |
|
DISTRIBUTION |
Internet
- Sony Online
Entertainment / Station.com
- Sony Connect
Inc. (online music service)
|
|
Other
-
Sony
Electronics
-
Sony Computer
Entertainment America
-
PlayStation
-
989 Sports
-
Metreon
-
Sony Pictures Studios Post Production Facilities
-
DVD Authoring Center
-
Worldwide Product Fulfillment
|
|
|
Sony Corp.
NYSE: SNE |
7-35
Kitashinagawa 6-chome
Shinagawa-ku
Tokyo, 141-0001 |
|
Yearly Revenue: $66,850,000,000 |
|
Profit Margin: 1.59% |
|
Share Price: $45 |
|
Full
Time Employees: 158,500 |
|
|
Capital
Control |
Chairman & CEO Sony Corporation of America
Howard Stringer |
 |
Pay:
Shares Owned: ? |
Co-Chairman, SPE and Chairman, SPE Motion
Picture Group
Amy Pascal |
Pay:
$
Shares Owned: ? |
|
Content
Control |
Chairman & CEO
Sony Pictures Entertainment (SPE)
Michael Lynton |
Pay: $
Stock
Options Used:
$
Shares Owned:
? |
|
Facts and
figures snapshot taken March, 2007. |
|
In January 2001,
online access and content company
America Online (AOL)
merged with cable systems and media concern TimeWarner, forming
AOL TimeWarner (later changed to
TimeWarner in October 2003), in a $106 billion transaction.
Revenues consist of subscriptions (51% of 2005
revenues), content (29%), advertising (17%), and other (3%).
In March 2006, AOL and Google
significantly expanded their search partnership, and Google
invested $1 billion for a 5% stake in AOL.
In July 2006, TimeWarner Cable and Comcast jointly acquired
Adelphia's cable systems for a total of $12.7
billion in cash (of which TWX paid $9.2 billion plus a 16%
equity stake in TimeWarner Cable). Including
certain systems swaps, TWX acquired systems passing about 7.6
million homes, serving 3.2 million customers,
for nearly $14 billion. From: Standard & Poor's
AOL has gobbled up numerous online
advertising companies in 2007 including:
Quigo, “Quigo's
technology lets advertisers buy Web ads
based on specific pages, sections,
topics or keywords. Its FeedPoint
marketing business helps advertisers
manage their relationships with search
engines and comparison shopping sites.”
[13] Tacoda ‘behavioral-targeting
technology’, Lightningcast ‘specializes
in inserting targeted ads within video
and audio clips’, Third Screen Media
‘mobile advertising’, AdTech a ‘German
network for delivering ads worldwide’,
and Yedda an Israeli company with a
question and answer search service.
|
|
CONTENT |
|
TV
|
 |
|
Internet
-
GameTap
-
MapQuest
-
Moviefone
-
NASCAR.com
-
PGA.com
-
TMZ.com
-
KOL
-
Pogo
-
RED
|
|
|
Magazines
|
|
|
DISTRIBUTION |
|
Film
& TV
|
 |
|
Internet
-
AOL
[various]
-
AdTech - German network
for worldwide advertising
-
Advertising.com
-
AIM
-
CompuServe
-
FeedPoint - online
marketing
-
ICQ
-
Lightningcast -
‘targeted ads within video and audio
clips’
-
Netscape
-
Quigo - online
advertising
-
Road Runner (ISP)
-
Tacoda -
‘behavioral-targeting technology’
-
Tegic Communications
-
Third Screen Media -
‘mobile advertising’
-
TMZ.com
-
Truveo
- video search company
-
Userplane - Totekasche
Holdings Inc. online communications
technology
-
Winamp
-
Weblogs
-
Yedda - question and
answer search company
-
Xdrive
|
|
Publishing
|
|
|
Local TV Channels owned by Time Warner
-
Capital News 9-Albany, Albany, NY
-
MetroSports, Kansas City, MO
-
News 8 Austin, Austin, TX
-
News 10 Now-Syracuse, Syracuse, NY
-
News 14, Carolina Charlotte, NC
Raleigh, NC
-
NY1
News, New York, NY
-
NY1
Noticias, New York, NY
-
R
News, Rochester, NY
|
|
|
NYSE:
TWX |
One Time Warner Center
New York, NY 10019 |
|
Yearly Revenue: $44,220,000,000 |
|
Profit Margin:
14.82% |
|
Share Price: $18 |
| Full Time Employees:
92,700 |
|
For a full list
of Time Warner's subsidiary companies read SEC form
10-K EX-21.
|
|
Capital Control |
CEO
Richard
D. Parsons, 58 |
 |
Pay:
$9,000,000
Stock Options Used:
?
Shares Owned: 594,399 |
President, COO
Jeffrey L. Bewkes, 54 |
Pay:
$7,000,000
Stock Options Used:
$680,000
Shares Owned: 1,243,000 |
Chief Financial Officer and Executive Vice President
Wayne
H. Pace, 60 |
Pay:
$3,700,000
Stock Options Used:
?
Shares Owned: ? |
Executive VP and General Counsel
Paul T. Cappuccio, 45 |
Pay:
$3,700,000
Stock Options Used:
?
Shares Owned: ? |
|
Also note:
Stephen M. Case owns 15,122,240 shares of TWX and
R.E. 'Ted' Turner owns 1,741,370 |
|
Content
Control |
|
? |
|
|
Facts and figures snapshot taken March, 2007. |
|
Sumner Redstone's media machine is almost as
inescapable as Murdoch's News Corp. Advertising sales
make up 40% of revenue, 21% comes from affiliate fees, 30% from
feature films, and 9% from other various
sources such as merchandise licensing.
CBS Outdoor, a division of CBS, operates
advertising in outdoor spaces including buses,
subways, malls, street furniture, and billboards with
the motto "always on".
CBS bought Internet news and entertainment company
Cnet in July 2008. Cnet is now a part of CBS
Interactive. In his own statements the CEO of CBS, Les
Moonves, equates the Internet to Cable television and
no doubt plans to treat his Internet properties in
similar fashion – as a centrally controlled medium for
pushing corporate opinions cloaked as objective news
and information while maximizing revenue through
maximum advertising.
Seventy percent of CBS’ revenue comes from
advertising. |
|
CONTENT |
|
TV
-
CBS
-
CSTV
-
UPN
-
MTV
"A complete
multiplatform niche for 12- to 34-year-olds"
-
MTV2
-
mtvU
-
Nickelodeon
-
Nick at Nite
-
TV Land
-
VH1
-
Spike TV
-
CMT: Country
Music Television
-
Comedy Central
-
BET and BET Jazz,
BET Gospel, and BET Hip Hop
-
The N
"network dedicated to
teens"
-
LOGO
"MTVN’s new ad-supported basic cable
channel for the LGBT audience"
-
Noggin
"A commercial-free
educational network dedicated to preschoolers"
-
Showtime
-
Viva
Radio
|

|
|
Film
|
 |
|
CBS Interactive Division
(Internet & Software)
-
bNet
-
CBS News
-
CBSsports.com
-
CBS College
Sports (CSTV.com)
-
Chow.com
-
Cnet
-
Atom
Entertainment
(marketer and distributor of online games and
movies, bought for $200m in 2006)
-
Y2M College
Publisher
-
Xfire
"online gaming
platform"
-
GameFAQs.com
-
GameSpot.com
-
GameTrailers.com
-
Harmonix Music
Systems, Inc.
"specializes in creating music-based interactive
entertainment and games"
-
IFILM
"leading
video-entertainment destinations on the Web, with
one of the largest collections of viral and
user-generated video"
-
Last.fm
-
MaxPreps
-
MetaCritic.com
-
MP3.com
-
NCAA.com
-
Neopets
"global media and
entertainment company, owns and operates leading
online youth communities"
-
SportsGamer.com
-
TechRepublic.com
-
TheInsider
-
TV.com
- competes with Google's YouTube
and ABC/NBC's Hulu.com
-
Quizilla
-
UrbanBaby.com
-
Viacom has a
'strategic alliance' with Adobe Systems
Incorporated.
-
ZDnet (Ziff
Davis)
|
 |
|
DISTRIBUTION |
|
Publishing & Distribution
Simon & Schuster Publisher Subsidiaries
|
 |
|
Radio and TV
|
|
|
|
NYSE: VIA |
1515
Broadway
New York, NY 10036 |
|
Yearly Revenue: $10,600,000,000 |
|
Profit Margin:
11.71% |
|
Share Price: $39 |
|
Full
Time Employees: 9,500 |
|
For a
full list of Viacom's subsidiary companies read SEC form
10-K EX-21.
|
|
Capital Control |
Founder and Executive Chairman
Sumner M.
Redstone, 83
(Real name: Murray Rothstein) |
 |
Pay:
$12,930,000
Stock
Options Used:
$28,900,000
Shares Owned: 12% of Viacom stock,
and majority voting control over the company. [4] |
Executive VP of Operations and Enterprises
Robert M. Bakish, 43 |
Pay:
$3,170,000
Stock
Options Used:
$680,000
Shares Owned: ? |
Chief Financial Officer and Executive Vice President
Wayne
H. Pace, 60 |
Pay:
$3,700,000
Stock
Options Used:
$0
Shares Owned: ? |
Executive
Vice President
Michael D. Fricklas, 46 |
Pay:
$3,880,000
Stock
Options Used:
?
Shares Owned: ? |
CEO
and President
Philippe P. Dauman J.D., 53 |
Pay: ?
Stock Options Used: ?
Shares Owned: ? |
|
Content
Control |
President Paramount
Pictures
Gail Berman |
Pay: ?
Stock Options Used: ?
Shares Owned: ? |
|
Facts and
figures snapshot taken March, 2007. |
|
Disney
is considered a 'content oriented' company and has a
massive distribution network to support it. Disney markets and sells practically everything related to
the company name from theme parks
and resorts to films and toys.
43% of Disney's revenue comes from media networks and 7%
from consumer products.
The official corporate segments are:
Disney Studio
Entertainment, Disney Parks and Resorts, Disney
Consumer Products, and Disney Media Networks.
In July 2010 Disney
signed an agreement to sell Mirimax Films, founded in
1979 by Harvey and Bob Weinstein and then sold to
Disney in 1993, to a private investment group. The
official reason stated being Disney's corporate desire
to focus on more family-friendly films.
Specific to the
focus of this report Disney's media enterprise
comprises the following brand names and subsidiary
companies: |
|
CONTENT |
|
Television
- ABC
- A&E
- Lifetime
- Discover
- ESPN
- Disney
Channel
- Family
- Toon Disney
- SOAPnet
|
 |
|
Film
- Walt Disney
- Touchstone
Pictures
- Marvel
- Pixar
|
|
|
Magazines
-
Automotive Industries
-
Biography (with GE and Hearst)
-
Discover
-
Disney Adventures
-
Disney Magazine
-
ECN News
-
ESPN Magazine (distributed by Hearst)
-
Family Fun
-
Institutional Investor
-
JCK
-
Kodin
-
Top Famille - French family magazine
-
US Weekly (50%)
-
Video Business
-
Quality US Weekly
|
|
|
DISTRIBUTION |
|
Cellular Phone Service
-
ESPN Mobile
-
Disney Mobile
|
|
|
Internet
|
 |
|
Music
-
Walt Disney
Records
-
Hollywood
Records
-
Lyric Street
Records
|
|
|
Publishing
-
Hyperion
Books including: Jump at the SunVolo, Michael di
Caupa Books
-
Buena Vista
-
Disney Publishing including: Cal Publishing Inc.,
CrossGen
-
Disney Global Children's Books including: Disney
PressGlobal Retail, Global Continuity
|
|
|
Radio
|
|
|
TV
|
|
|
|
NYSE: DIS |
500 South
Buena Vista Street
Burbank, CA 91521 |
|
Yearly Revenue: $35,160,000,000 |
|
Profit Margin: 12.35% |
|
Share
price: $35 |
|
Full Time Employees: 133,000 |
|
For a
full list of Disney's subsidiary companies read SEC form
10-K EX-21.
|
|
Capital Control |
CEO
Robert A. Iger, 56 |
 |
Pay:
$17,000,000
Stock
Options Used:
$7,960,000
Shares Owned: 237,142 |
Chief Financial Officer
Thomas O. Staggs, 46 |
Pay:
$5,040,000
Stock
Options Used:
$618,000
Shares Owned: 186,260 |
Senior Executive Vice President
Alan N. Braverman, 59 |
Pay:
$3,850,000
Stock
Options Used:
$1,280,000
Shares Owned: 114,589 |
|
Content
Control |
|
? |
|
|
Facts and
figures snapshot taken March, 2007. |
|
Yahoo! is one of
the largest Internet companies with an assortment of
business interests at least as diverse as that of
Google, a primary competitor. The most recent business
realignment strategy will divide Yahoo! into three
groups: the Audience Group, the Advertiser & Publisher
Group, and the Technology Group.
In April 2007 Yahoo
bought the remaining 80% of Right Media, an Internet
advertising company, for $680 million after purchasing
the initial 20% stake in the New York-based company in
October 2006. [5]
In June of 2007 Terry Semel,
a veteran of the media business having worked at Warner Brothers
for 24 years, was replaced by Jerry Yang as CEO. Many
Yahoo! shareholders were unhappy with what they considered to
lackluster financial performance in comparison to rivals such as
Google.
Yang, 38,
co-founded Yahoo in 1994 with fellow Stanford University student
David Filo, as a navigational guide in the Web's early days.
Born in Taipei, Yang was raised in the heart of Silicon Valley,
after his family emigrated to San Jose.
For more than a decade Yang has had the title of Chief Yahoo,
playing a key role in negotiating business development deals for
the company. In an interview, Yang credited Semel for pushing
him to play a greater role in operations and technology
decisions, preparing him to be CEO. ...
Semel was a
long-time Hollywood studio executive who took charge of the
loss-making company six years ago after the bursting of the
technology stock bubble. He is credited with helping focus Yahoo
on its advertising and media businesses.
[7]
In September 2007 Yahoo!
purchased software maker Zimbra incorporated of San Mateo,
California for $350 million, giving Yahoo e-mail, calendar and
contact programs that users can access online and offline,
similar to Microsoft's Outlook.
|
|
DISTRIBUTION |
|
Internet
|
 |
|
Various
-
Yahoo! has a 'strategic partnership' with Seven
Network Limited, eBay, AT&T, and Verizon
Communications.
|
|
|
|
NASDAQ: YHOO |
701 First
Avenue
Sunnyvale, CA 94089 |
|
Yearly Revenue: $6,430,000,000 |
|
Profit Margin:
11.69% |
|
Share
Price: $31 |
|
Full
Time Employees: 9.800 |
|
For a
full list of Yahoo! Incorporated's subsidiary companies read
SEC form
10-K EX-21.
|
|
Capital Control |
Chairman of Board, CEO
Carol Bartz |
 |
Pay:
$?
Stock
Options Used:
$?
Shares Owned: ? |
CFO,
Executive VP of Administration and Finance
Susan Decker |
Pay:
$1,500,000
Stock
Options Used:
$30,890,000
Shares Owned: ? |
Chief
Operating Officer
Daniel L. Rosensweig, 45 |
Pay:
$1,650,000
Stock
Options Used:
$25,620,000
Shares Owned: 419,225 |
Chief
Technology Officer
Farzad Nazem, 45 |
Pay:
$1,250,000
Stock
Options Used:
$63,770,000
Shares Owned: 612,362 |
Senior
VP
Michael Callahan, 38 |
Pay:
$2,355,220
Stock Options Used: $6,671,785
Shares Owned: ? |
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Also note, David Filo
owns 79,550,066 shares of Yahoo! |
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Content
Control |
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? |
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Facts and
figures snapshot taken March, 2007. |
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According to Forrester Research
spending on online
advertising and marketing will
increase from under $20 billion in 2007 to $26.0 billion by 2010,
yielding an average annual growth rate of 11%. Standard and
Poor's estimates that Yahoo!'s worldwide marketing opportunity will
top $50 billion by 2010 and that marketing services will account
for at least 85% of the company's revenue.
The
highest-paid CEO of a publicly held company, Terry Semel of
Yahoo! [resigned in 2007], was paid
$71,600,216 in total compensation in 2006. By comparison, during
this same period, James Simons, president and CEO of Renaissance
Technologies, a hedge fund management company, pulled in $1.5
billion. That breaks down to $28,846,154 a week, $721,154 an
hour, $12,019 a minute—or $200 a second! (This assumes Mr.
Simons puts in a 40-hour week, 52 weeks a year.)
These fantastic levels of pay come as the average wages for all
Americans declined for the third year in a row. The average
hourly wage has been falling since February, when it stood at
$17.42 an hour. The US Census Bureau reported on August 29 that
household income grew by 0.7 percent in 2006. But while median
income was also slightly up, this was because more people were
working longer hours.
The IPS/UFE report shows that CEOs of large, privately held US
companies averaged $10.8 million in total compensation in 2006,
or more than 364 times the pay of the average American worker.
In other words, on average these executives earn in a day what
an average US worker takes home in an entire year. [9]
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The China Warning
China
presents a warning to the rest of the world on how private
business' and government will quickly collude to block Internet
freedom and access to information when profits and official
powers feel threatened by a restive public.
China has
refined a unique model of policing the Internet in which
private business self-censors nearly as much as state censors
themselves. ...
Google offers Chinese users a censored
version of its search engine, and Microsoft
acknowledges that it blocks Chinese-language blogs that
contain forbidden language. Such language is said to include
phrases such as "human rights" and "Taiwan independence."
Cisco, a maker of telecommunications equipment that is the
backbone of the Internet, sells China technology used in
Internet surveillance. Skype collaborates with a Chinese
partner that filters text chat on mobile phones.
Yahoo has come under the greatest fire for providing
Chinese authorities with personal information about Chinese
subscribers, who were later sentenced to jail. ...
In an
unusual partnership with state censors that began Sept. 1, 13
private Internet portals in Beijing began letting "pop-ups" of
two cartoon policemen appear on users' screens every 30
minutes to remind them of lawful behavior.
Lih said
China's Internet regulations are deliberately vague, leaving
private Internet companies vulnerable and with hair-trigger
fingers to delete anything sensitive.
"If you can
keep it ambiguous, then the companies stay conservative to
make sure they don't cross a mythical line," Lih said. "This
is something that works even better than having hard
guidelines." ...
By setting
up complaint hot lines about "illegal" Internet activity,
authorities want to harness individuals to cleanse the Web.
Volunteers at university campuses, known as "little sisters,"
patrol online forums and steer debate in certain approved
directions. [10]
China’s
example is also a testament to the power of government
regulation. Government rules can have a major impact on freedom
of speech and privately owned, profit driven corporations will
quickly fall in line even when the rules are vague. These
wealthy business owners and executives are basically fearful and
cowardly people who will follow the lead of regulators every
time because they are deathly afraid of losing what they value
most of all: money.
Open and
vocal public criticism and economic pressure, to include
boycotts and pressure on legislators, are vital elements in
defeating this tendency towards censorship and oppression, or at
minimum preventing it from spreading outside of China. 06.10.07
References
1. Standard
& Poor's stock analysis reports
2.
Google CEO, co-founders stick with $1 salary, by
Paul R. La Monica, CNN, March 5, 2007.
3.
TNR's New Owners, by Clint Hendler, The Nation,
March 6, 2007.
4.
Viacom: I want my LBO?, by Paul R. La Monica, CNNMoney.com, August 1, 2006.
5.
Online Advertising Companies Are Gobbled Up,
by Scott Mayerowitz, ABC News, May 26, 2007.
6.
Life Imitates TV, by
Patricia Sellers, Fortune magazine, p. 50-58, May 14, 2007.
7.
Yahoo co-founder Yang to replace Semel as CEO,
by Eric Auchard, Reuters, June 18, 2007.
8.
Google Buys Online Security Firm Postini In $625 Mil Deal,
Investor's Business Daily via CNN, July 9,
2007.
9.
Top
US hedge fund managers earn 22,255 times pay of average
worker, by Kate Randall, WSWS,
September 7, 2007.
10.
As Internet censorship tightens in China, private firms
pitch in, by Tim Johnson, McClatchy,
October 5, 2007.
11.
NBC Universal Agrees to Buy Oxygen for $925 Million,
by Gillian Wee, Bloomberg, October 9, 2007.
12.
Microsoft Buys Facebook Stake for $240M,
by Michael Liedtke, AP, October 24, 2007.
13.
AOL acquires online advertising company Quigo,
by Anick Jesdanun, AP via USA Today, November 7, 2007.
14.
Microsoft buys Multimap to boost advertising strategy,
by Elizabeth Montalbano, IDG News Service, December 12,
2007.
15.
Canwest's Post to stop Monday edition for 9 weeks,
by Wojtek Dabrowski, Reuters, April 29, 2009.
Resources
News
-
TV advertising worsening obesity and sickness,
by Emily Sohn, Discovery News, June 3, 2010
-
Product placement advertising makes its way into US news
programmes,
by Ed Pilkington, Guardian
(UK), July 22, 2008.
-
Media, Internet moguls meet at Idaho luxury retreat, most
seeking more online revenue,
By Jeremy Herron, AP, July 7, 2008.
-
Bush administration fast-tracks relaxation of media ownership
constraints,
by Naomi Spencer, WSWS, October 23, 2007.
-
MySpace, Photobucket acquisition rumors confirmed,
-
by Helen Leggatt,
BizReport, May 9, 2007.
-
Google to buy DoubleClick for $3.1 bln,
by Eric Auchard, Reuters, April 13, 2007.
-
Viacom And Yahoo Strike Web Advertising Deal,
by Thomas Claburn, InformationWeek, April 10,
2007.
-
The Onion:
New Disney Ride Simulates Disney–ABC Merger,
March 30, 2007.
-
TV study:
'Kids besieged by food ads' ,
by Nanci
Hellmich, USA TODAY, March 28, 2007.
-
Can Hollywood topple YouTube?,
by Elise Ackerman,
Mercury News, March 23, 2007.
Related DOR Holology Reports
New Media
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