Who Owns the Media?
Broadcasters make billions in profits while using the public airwaves for free. In return, they are supposed to provide programming that fulfills community needs. Instead, lobbyists have successfully fought to make it easier for broadcast companies to gobble up even more free airspace while doing less to serve the public. Take Action to end the big broadcast swindle. 2011 Revenue: $6.2 billion Company Overview: These private equity firms own Clear Channel, the largest radio station owner in the country. Radio: 866 radio stations and Premiere Radio Networks (a national radio network that produces, distributes or represents approximately 90 syndicated radio programs, serves nearly 5,800 radio station affiliates and has over 213 million weekly listeners. Other: Katz Media (radio advertising broker); American Outdoor Advertising 2011 Revenue: $14.2 billion Radio: CBS Radio and 130 radio stations Online Holdings: CBS Interactive; CNET Print: Simon & Schuster; Watch! Entertainment: CBS Films
Related: Controlling the World