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date: 15 August 2020

Abstract and Keywords

The media industry, this chapter argues, has become a subject of global concern. The media industry has played a crucial role in fostering an uneven globalization, creating and maintaining indiscriminate conditions for global capitalism and too often promoting uncritical and unstudied narratives of the world’s market economy. In addition, the media industry is an oligopoly with less than a dozen corporations controlling content worldwide and attention paid to shareholder profits rather than social responsibility. Finally, the global media industry threatens local and regional culture and traditions. Although new, digital media seem to promise multiple, varied, and independent voices, new media are too often co-opted and controlled by the very same forces that make the media industry a source of worldwide concern.

Keywords: media, globalization, global capitalism, media oligopoly, local culture, digital media, new media

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