International Media Concentration

36 Pages Posted: 8 Jan 2012

See all articles by Eli M. Noam

Eli M. Noam

Columbia Business School - Institute for Tele Information; Columbia University - Columbia Business School, Finance

Date Written: September 24, 2011

Abstract

Around the world, media ownership and concentration is an issue of considerable public interest. When the FCC in America tried to change the rules, it got over a million letters, both from the activist left and the activist right. Noted academics weighed in. Lawrence Lessig argued that 'within a few years, we will live in a world where just three companies control more than 85 percent of the media.' Contrast this with Adam Thierer (President of the libertarian Progress and Freedom Foundation): 'To the extent that there was ever a 'Golden Age' of media in America, we are living in it today. The media sky has never been brighter and getting brighter with each passing year. And this is most definitely not a case of looking for silver linings around the clouds; there are no clouds.' Both sides in this debate see themselves as protecting democracy, either from heavy-handed megalomaniacal proprietors, or from flat-footed government bureaucrats. And they sneer at their opponents as, respectively, lackeys of big media companies, or as luddites with tenure. Are the cassandras or the polyannas correct? This would seem to be an empirical question with an empirical answer.

Suggested Citation

Noam, Eli M. and Noam, Eli M., International Media Concentration (September 24, 2011). TPRC 2011, Available at SSRN: https://ssrn.com/abstract=1979921

Eli M. Noam (Contact Author)

Columbia University - Columbia Business School, Finance ( email )

3022 Broadway
New York, NY 10027
United States

Columbia Business School - Institute for Tele Information ( email )

3022 Broadway
New York, NY 10027
United States

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