NewsCorp and the Murdoch family control Fox and National Geographic while Sony controls an incredible amount of music, television, movies, and more.
In 2024, 90% of media is owned by six large global corporations, down from 50 companies controlling 90% just 40 years ago. Glenn Beck describes this as the media-industrial complex and highlights the influence these conglomerates have on information. Companies like National Amusements oversee CBS, MTV, and Nickelodeon, while Disney, led by Bob Iger, controls ABC and Marvel Studios among others. TimeWarner, with CEO Jeff Bewkes, manages CNN and HBO, and Comcast runs NBC and MSNBC. NewsCorp, under the Murdoch family, owns Fox, and Sony has significant stakes in music and film.
Beck emphasizes that these six corporations collectively control almost everything consumed daily and are valued at nearly $500 billion. He points out that despite investment efforts from these big companies, competition from smaller outlets is rising, suggesting their strategies are failing. He warns that the impact of this media consolidation is harmful.
To combat this situation, Beck advocates for greater competition and independent media options. He calls for an end to the partnership between the government and these large media companies, urging for no government bailouts or startups in the media sector. He believes that allowing the market to function without cronyism will improve the media landscape. Beck mentions that this plan aligns with Donald Trump’s vision.
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