Media consolidation is a process where few owners control a majority of media outlets, impacting information diversity and local news coverage.
Media consolidation is a process in which fewer and fewer owners control the majority of media outlets, leading to an oligopoly where a few firms dominate the media marketplace. This consolidation has resulted in just five major companies controlling 90% of media outlets in the United States, impacting the diversity of information available to the public.
As media ownership becomes more concentrated, localism in news coverage decreases, with many media jobs moving away from local areas. Deregulation and technological advancements have facilitated this consolidation, raising concerns about the impact on media diversity and competition.
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