In today's day and age money is the driving force to the success of large multi-billion dollar corporations. There is no longer a situation throughout the media were companies own one movie cooperation, radio station, and television network, however instead own multiple sometimes hundreds of other related media ownership. Walt Disney is by far the biggest example of cross media ownership. The company which was Founded on October 16, 1923, by brothers Walt and Roy Disney began just as an animation studio, however over the years gained popularity and most nobility wealth and has come to be known as one of the biggest Hollywood studios. Today, they currently have holdings in over 180 media outlets worldwide. The implications of such growth of media can be looked upon as restricting the medium to one cooperation which can include biases causing unchanging displays of media whether news related or entertainment based. Companies such as Disney have grown so large, must notability in the united states that they own most of the radio stations existing in the country. This type of ownership can have negative affects on society and its news of real news. Another example of cross media ownership that has a huge impact on news related material is shown in Australia as the country itself only produces two newspapers, owned by two extremely wealthy companies. I believe this has a resounding impact on the coverage of news reported and where it comes from. The trend of companies owning other media outlet has grown rapidly over the past century and well continue to play a factor in today's growing economy. As a society we must find a way separate and grow companies instead of building them all connected as one.
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