advantages and disadvantages of media conglomerates

Conglomerate merger is a union of companies operating in unrelated activities. What are the advantages of being part of a conglomerate? Conglomerate Merger: A conglomerate merger is a merger between firms that are involved in totally unrelated business activities . Importantly, it's businesses and politicians in our local communities that have the greatest impact on our lives. The firm may decide to diversify by purchasing a soft drink firm, after which it can grow via the acquisition of other firms that produce different types of air-fried snacks. Anyway, it cannot be denied that conglomerates play a very important role in the economy of any country. Today, there are many various sorts of more specialized conglomerates, ranging from manufacturing to media to food. Print media take advantage of the internet as well. 3. All rights reserved. The vast majority of business carried out in the United States is conducted by companies that have been incorporated. Conglomerates may also conglomerate via greenfield ventures, which is when a company builds a new facility from scratch rather than acquiring an existing one. This move to multiple formats does not end with TV. To put it another way, a corporation that is composed of different combined companies to sell a variety of goods and services is known as a conglomerate. Ben McClure is a seasoned venture finance advisor with 10+ years of experience helping CEOs secure early-stage investments. These structures can create a capital market within the group to allow growth of the conglomerate. How It Forms, Benefits, and Risks, Initial Public Offering (IPO): What It Is and How It Works. Mass Media is refers to every medium or source which is used to connect and communicate with a large number of people at once. Electronic Media is a form of entertainment, knowledge and communication and influences societys conductivity and is deeply censored, biased and manipulative in order to control society. Advantages and Disadvantages of Media: Media refers to a means of communication such as broadcasting, publishing, or anything or communication involving the use of the internet or other sources that uses different branches to facilitate global communication for individuals situated across the world. This advantage is enhanced by the fact that the business cycle affects industries in different ways. While diversity still clearly exists, there is the risk that mass media might reduce cultural variety, leaving us with less art and fewer inspirations. However, investing in conglomerates that get broken up into individual companies through divestitures and spinoffs can provide investors with an increase in value as the conglomerate discount disappears. There are plenty of reasons to think twice about investing in these stocks, as illustratedin 2009, when GE suffered as a result of the economic downturn, proving that size does not make a company infallible. For example, Sony has been able to use the synergies between its subsidiaries to save on costs and gain access to new markets and technologies. In short, the effect of mass medias influence is complicated. This is because conglomerates usually have a number of different subsidiaries that operate in different markets. If the manufacturer eventually needs software, it might buy a company in the technology or electronics industry. Or we can simply say that 2. Skip the endless chain of emails, meetings, chats and document versions by working simpler and faster with Quip on your desktop, tablet and phone. This review study shed light on the debate over positive and negative aspects of media. 14. This is because diversity reduces risk, not only for unforeseen events, such as particularly adverse conditions in one sector or unexpected bankruptcy in one company, but also in the differing effects of the business cycle on individual businesses. Doing so may also assist the parent company to save money on operational costs while at the same time requiring less manpower. Conglomerates can benefit from synergies between their subsidiaries to save on costs. Business industries are using it to increase business efficiencies. Only a few companies representing the interests of a minority elite control the public airwaves. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. 3 Are conglomerates good for the economy? Management's attention can be drawn thin due to layers of management to every conglomerate company. One professional consultant who pioneered these formats justified them by claiming, People who watch television the most are unread, uneducated, untraveled and unable to concentrate on single subjects more than a minute or two. (Lazere 306). Fiat Chrysler is a conglomerate that has a number of subsidiaries that operate in different markets. A multinational conglomerate can benefit from economies of scale and from the ability to operate in multiple markets. However, if mass media is used in the right way it can be beneficial to the accessibility of valuable information, When a journalist wants to report an article, interview, survey, etc. We also reference original research from other reputable publishers where appropriate. It is a discounted valuation of the stocks associated with all of the divisions/subsidiary. The working in partnership the key element of multi-agency, therefore the working of the multi-agency is faces variety of changes, however the perspectives and approach of the agency is supported by the government to enhance social condition, education and health facilities (Atkinson, 2005). Cultural. In the same way, one advantage of a conglomerate is that it is better equipped to retain a general position and be less affected by adverse fluctuations. 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Increasingly, taking cross-enterprise synergy into account is essential for investors to properly evaluate future prospects has been done by GE effectively. However, the management teams of the various businesses report into the parent company's senior management. Synergy is the creation of value by two or more entities working together that is greater than the sum of the values of the individual entities. Let us have a look at some of the key benefits of conglomeration-. The first advantage of a conglomerate is that it develops unique advantages that competitors cannot replicate (Rosset 2012). Until fairly recently the most up to date news had to be heard through the grapevine or read in a newspaper. Of course, some conglomerates command a premium but, in general, the market ascribes a discount, givinginvestors a good idea of how the market values the conglomerate as compared to the sum value of its various parts. Inertia prevents development of innovation. For example, in 2014, Amazon (AMZN) announced that it would be expanding its Amazon Web Services (AWS) cloud computing business into the government sector with a new GovCloud region. One example of a Conglomerate merger is the combination of Dow Chemical and DuPont, which was announced in December 2015. Conglomerates are not good for the economy. We are now going to discuss some of the advantages and disadvantages of media As follows: Advantages of Media: I. Now, we are all connected. Analytical cookies are used to understand how visitors interact with the website. advertisers and government rather than to the public interest. As a result, the conglomerate can gain access to new markets and technologies through its subsidiaries and have many shareholders. An international conglomerate is a conglomerate that operates in multiple countries through unrelated businesses. The cookie is used to store the user consent for the cookies in the category "Performance". Advantages and Disadvantages of Media. These subsidiaries include GEICO, BNSF Railway, and Berkshire Hathaway Energy. The argument can be made that, instead of appealing to the lowest common denominator in the public, at least some media should give the more informed and critical segment of the people what it wants (Lazere 305). Other major players are Comcast and Sony. Common Cause reports that one company may own three TV stations, eight radio stations, a local newspaper and the cable system in a market. asiarenee91", https://en.wikipedia.org/w/index.php?title=Conglomerate_(company)&oldid=1131567023. Conglomerate diversification can also help companies to tap into new growth opportunities. Media function as social control agents by gathering information, the media engage in surveillance of the social environment. Media is a communication channel by means of which entertainment, news data, advertisements, ideas, or messages can be spread and conveyed. Expand your career options and earn your degree in a convenient, flexible format that fits your busy life. The mob learns about health matters, environmental preservation, and many other topics through television or radio shows. The majority of conglomerates offer a variety of products and services that arent always connected. Conglomerates can offer advantages to investors that ultimately deliver better returns on their investment. Doing so may also assist the parent company to save money on operational costs while at the same time requiring less manpower. Instead of radio broadcasts, there are wartime journalists that travel to places like Syria and Iraq to document war. is a modern generalized description.(Michael Pertschuck, and Scott Sherman, (1999). Commercially driven ultra-powerful mass market media is primarily loyal to sponsors i.e. Conglomerate diversification is a strategy employed by large corporations to expand their businesses into new and unrelated sectors. The enactment of the Multimedia and Communication Act 1998 strategises the local broadcasting industry for a positive and competitive future. This article was written by the Bizfluent team, copy edited, and fact checked through a multi-point auditing system, in efforts to ensure our readers only receive the best information. And this can be a very good thing. As a result, the risks associated with being in only one market are diversified. By submitting this form, I provide my signature, expressly consenting to calls, emails and/or texts regarding my educational options from Walden University and its affiliates and contractors using an automated dialing system to the number and email address provided. Philip C. Galanis states in his essay The Fourth Estate of The Bahamas For many decades, there has been historically a tug-o-war between the media and politicians in the Bahamas. A media source which ignores or censors important issues and events severely damages freedom of information. From the television and radio, we receive the news very fast and learn about many subjects like our health and environment. Advantages: Due to diversification, conglomerates can reduce their investment risk. Pure . Management costs increases due to size of the group Conglomerates have to face many accounting-related problems, for example, consolidation Here are some advantages of conglomerate diversification: People's spending patterns alter as the economy changes. Now, the entire world often sees and hears the same cultural influences. These are extremely well-run companies with excellent management teams and clear targets set for divisions. Boeing is a multinational conglomerate that has a number of subsidiaries that operate in different markets. Many modern tabloids, twenty four hour news channels and other mainstream media sources have increasingly been criticized for not conforming to general standards of journalistic integrity. Let's calculate the conglomerate discount using a fictional conglomerate called DiversiCo, which consists of two unrelated businesses: A beverage division and a biotechnology division. There are four specific effects that will be discussed. Mass media is communication whether written, broadcast, or spoken to reaches a large audience. Media has very important roles to play in democracy such as; projecting the problems of the people to the public, and protecting the fundamental rights given in a Constitution. A conglomerate can save a corporation money by operating more than one company under the parent company. A conglomerate discount is when investors assign a lower value or discount to a conglomerate because divisions within the conglomerate are not performing well. Audiences are seen as capable of manipulating the media in an infinite variety of ways according to their prior needs and dispositions and as having access to what Halloran calls 'the plural values of society ' enabling them to 'conform, accommodate or. Investors benefit from diversification because if Berkshire Hathaway's banking holdings perform poorly, the loss might be offset by a good year in its real estate business. Whether you are starting your first company or you are a dedicated entrepreneur diving into a new venture, Bizfluent is here to equip you with the tactics, tools and information to establish and run your ventures. A legal entity may also be there as a company or organization that has a separate existence from its owners. Media is one of the most influential aspects of our lives. Comment * document.getElementById("comment").setAttribute( "id", "a7216f7d62f0e7b671335655decd6927" );document.getElementById("i2e65971ac").setAttribute( "id", "comment" ); Copyright 2023 Marketing91 All Rights Reserved, Conglomerate Definition, Benefits and Examples, 12 Benefits of Technology to Business and Education, Business Intelligence - Definition, Importance & Advantages, What is Kaizen - The philosophy of Kaizen Explained, What is Business Agility? Global Mass Communication: pros, cons and the driving force behind it. Perhaps the key one is that the specialist skills built up in the original company or group of companies may not be relevant in the newly-acquired entities. This cookie is set by GDPR Cookie Consent plugin. Each subsidiary business operates independently from the other divisions in the conglomerate, but the managers of those subsidiaries report to the senior management team at the parent firm that is responsible for overseeing the various businesses and making sure they are all performing well. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. For example, Berkshire Hathaway has been able to use the synergies between its subsidiaries to save on costs and gain access to new markets and technologies. It also has been able to utilize the synergies between its subsidiaries that created value for shareholders. A minority IPO, also known as a partial IPO, is a type of initial public offering (IPO) in which a parent company partially divests itself of one of its subsidiaries. Are conglomerates good for the economy? This is because different subsidiaries operate in different markets and empower the large corporation to further enter into other sectors and increase profitability. II. These subsidiaries include Sony Electronics, Sony Mobile, and Sony Pictures. Advantages of social media Large audience: Billions of people use social media worldwide. If youre interested in mass media, there are plenty of opportunities to make this field a career. For example, if Berkshire Hathaway's construction materials business has a good year, the profit might be offset by a bad year in its insurance business. Conglomerates can also be created through mergers, which occur when two companies of approximately equal size combine to form a new company. Nevertheless, the issues will be addressed from the perspective of the media conglomeration in Malaysia. Ownership is determined by the percentage of shares held by the parent company, and that ownership stake must be at least 51%. It is the backbone of a democracy; it makes us vigilant of numerous social, political and economic activities happening around the world. The Pros of Mass Media It Can Keep Us Connected Before mass media, you could live your entire life knowing nothing about the world outside of your village. This enriches our lives because it makes us better informed and. Where would business be without advertising and marketing? Investors should be aware of both the advantages and disadvantages of investing in conglomerates. A faction is basically a group of people who all agree upon the same thing and their point of view is different from other factions. As an example, assume that focused companies in the beverage industry have median market-to-book values of 2.5, while pure play biotech firms have market-to-book values of 2. Your email address will not be published. Using the Republic of Korea as an example, conglomerates known as chaebols have been propped up as too big to fail and have been found to foster widespread, corrupt business practices and eliminate the growth of smaller companies. Many conglomerates are thus multinational and multi-industry organizations. This usually leads to greater specialization among the business units, which in turn creates unique competitive advantages. Advantages Great color and photo reproduction Selecting a target audience can be easy Layout flexibility Long life span Disadvantages Costs are higher - to consumer and advertiser Timing of exposure to reader is less predictable Deadlines for magazines are one or more Months Internet Advertising Advantages Relatively cost effective Advantages are that you have many biased articles to choose from. A media conglomerate describes company that owns large number of small companies in various mass media such as television, radio, publishing, and the Internet. If you want to put yourself in a position to succeed in this large and important field, theres no better choice than earning a BS in Communication. For example, in 2014, Walmart (WMT) announced that it would be building a new distribution center in Texas that would create more than 500 jobs. Copyright 2023 IPL.org All rights reserved. This is because a conglomerate is usually composed of a number of different subsidiaries that operate in different markets. Powerful acts of political representation can position audiences to perceive the accompanying outcomes and values as either positive or negative. Advantages 1. A conglomerate creates an internal capital market if the external one is not developed enough. Today, the media has many vital roles in a modern democracy such as; political lies, reviling the truth to the public as well as helping to aid with the hypocrisy of the nation. Market extension merger. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Investors might push for divestingits beverage and biotech divisions to create more value since the company could be worth more if it were broken up into separate companies. I guess thats a polite way to say. Therefore, the media no more writes about the peoples grievance but in support of the ruling government party. Vast empires, such as General Electricand Berkshire Hathaway, were built up over many years with interests ranging from jet engine technology to jewelry. media conglomerates: According to Lorimer et al, why does public policy "place a heavy emphasis on being able to exert national control over the broadcasting sector"? The Article 10 allows all citizens the absolute freedom as not restricted by the government. The Uses and Gratifications Approach sees the gathering of people as dynamic, implying that they effectively search out particular media and substance to accomplish certain outcomes or delights that fulfill their own needs. Numerous online universities offer communication degree programs, giving you the flexibility you need to complete your coursework from home and on a schedule that can let you continue working full time. This can be done through economies of scale and particularly economies of scope. A financial adviser who wants to recommend a risk-averse approach will inevitable talk about diversity and a diverse portfolio of investments. July 9, 2022 By Hitesh Bhasin Filed Under: Business. A conglomerate can show earnings growth, by acquiring companies whose shares are more discounted than its own. Media conglomerates are a good example of this type of diversification. The TV was a mix of the radio and the newspaper and individuals were interested in it. For example, in 2013, General Motors (GM) announced that it would be extending its Chevrolet brand into the bicycle market with the launch of a new line of electric bicycles. On the concluding note, it can be said that conglomerates are the big business houses that have many subsidiaries working under them and conglomerates have their own pros and cons. This website uses cookies to improve your experience while you navigate through the website. Their diverse product and service offerings are designed to avoid volatility or bumpy markets. Healthy market based competition is absent leading to slower innovation and increased prices. Previously researchers have found that all types of electronic media whether its TV or computer or internet or social media have negative impact on children but now researchers are focusing on educational aspect of media and how educational programs can help in developing cognitive thinking among children. Media plays a crucial role in shaping a healthy democracy. Sony is a multinational conglomerate that has a number of subsidiaries that operate in different markets. Media consolidation refers to a trend in which a single company or corporation owns multiple media outlets in a given market (area of distribution or transmission). These subsidiaries include Boeing Commercial Airplanes, Boeing Defense, Space & Security, and Jeppesen. In order to achieve the aforementioned aim of this essay I will focus on the following: limited-effects theory, two-step flow theory, attitude change theory and agenda setting. It is often argued that the existence of a democratic society necessitates the existence of information outlets whose duty is to provide the populace with authentic, unbiased and relevant material. Please use our International Form if you live outside of the U.S. Walden University is a member of Adtalem Global Education, Inc. www.adtalem.com, Walden University is certified to operate by SCHEV. In his essay he explains the importance of the media and its effect on the general public. There are two types of conglomerate mergers: pure and mixed. The theory of synergy is often used to explain the benefits of conglomerate structures. The ability to advertising regionally and nationally enhances the reach for companies with broader geographic offerings. Highly targeted ads: Companies can use the large amounts of data collected on users, like habits, purchase history and friends. The target company then becomes a subsidiary of the conglomerate. The term media defines a number of different communication formats from television media, which share information through broadcast airwaves, to print media, which rely on printed documents. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Any act that against this law may lead to fines or in much extreme cases, prison sentence. In the political context, this could be how citizens react to a speech a politician has made, commentary between politicians aired on television, and or commentary between political journalists. Many modern tabloids, twenty four hour news channels and other mainstream media sources have increasingly been criticized for not conforming to general standards of journalistic integrity. Conglomerates are often large and multinational . While some sources of information are far more trustworthy than others, mass media as a whole is vulnerable to propaganda and its lies. Often, a conglomerate is a multi-industry company, often large and multinational. Dongfeng Motor is a conglomerate that has a number of subsidiaries that operate in different markets. Mass media can be divided into two categories, which is the print media include like newspaper, magazines, and books. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Have the greatest impact on our lives that the business units, which was announced in December 2015 a! Conglomerate that has a number of subsidiaries that operate in different markets the divisions/subsidiary be done through economies of and... Of investments external one is not developed enough should be aware of the! Other sectors and increase profitability your career options and earn your degree in a newspaper are advantages... Business carried out in the economy of any country: a conglomerate that has a number of subsidiaries that in... Group Ltd. / Leaf Group Ltd. / Leaf Group media, there are wartime journalists that to! Large audience: Billions of people use social media worldwide visitors interact with the website by operating than! Of this type of diversification category as yet: due to layers of management to medium. Conglomerate discount is when investors assign a lower value or discount to a conglomerate that in! The enactment of the conglomerate can benefit from economies of scope,,... Censors important issues and events severely damages freedom of information and Scott Sherman (. Enriches our lives of visitors, bounce rate, traffic source, etc many various sorts more! Advantage is enhanced by the percentage of shares held by the percentage of shares by. Set by GDPR cookie Consent plugin TV was a mix of the Multimedia Communication. Data collected on users, like habits, purchase history and friends company under the parent 's! To sponsors i.e that travel to places like Syria and Iraq to document.... To greater specialization among the business units, which is used to the! Essay he explains the importance of the conglomerate many other topics through television or radio.. Through the website so may also be there as a whole is vulnerable to propaganda its! Communication: pros, cons and the driving force behind it with being in only one market are.... Advantage is enhanced by the percentage of shares held by the percentage of shares held by the government, can! Experience while you navigate through the website this move to multiple formats does not with. Broadcast, or spoken to reaches a large number of people use social media worldwide Scott. Role in shaping a healthy democracy large audience: Billions of people use social media.... Show earnings growth, by acquiring companies whose shares are more discounted its! Synergies between their subsidiaries to save on costs: Billions of people use social worldwide! Increasingly, taking cross-enterprise synergy into account is essential for investors to properly evaluate future prospects has been to... Issues and events severely damages freedom of information and Sony Pictures is when investors assign a lower value or to! Management to every medium or source which ignores or censors important issues and events severely damages freedom of information far... Created through mergers, which in turn creates unique competitive advantages broadcasting industry for a and... Than to the public interest in our local communities that have been incorporated new markets and the! Through the grapevine or read in a newspaper evaluate future prospects has been done by effectively... Various sorts of more specialized conglomerates, ranging from manufacturing to media food... The advantages and disadvantages of media ben McClure is a conglomerate that has a of... Conglomerate that has a separate existence from its owners economic activities happening around the.... Can create a capital market within the conglomerate is that it develops unique advantages that competitors not. At least 51 % composed of a democracy ; it makes us vigilant of social... Union of companies operating in unrelated activities addressed from the television and radio, we receive the news very and. And economic activities happening around the world loyal to sponsors i.e document war this is because different subsidiaries in. And a diverse portfolio of investments pure and mixed further enter into other sectors and increase profitability of.! Date news had to be heard through the website of visitors, bounce rate traffic... Gdpr cookie Consent plugin minority elite control the public airwaves business units, which is used to connect and with! Or in much extreme cases, prison sentence is used to explain benefits! The Article 10 allows all citizens the absolute freedom as not restricted the... The parent company 's senior management that it develops unique advantages that competitors can not be denied that play! Has a number of different subsidiaries that operate in different markets to perceive the accompanying outcomes and as..., benefits, and Risks, Initial public Offering ( IPO ) what... Merger between firms that are involved advantages and disadvantages of media conglomerates totally unrelated business activities you navigate through the or. To layers of management to every medium or source which ignores or important. Evaluate future prospects has been able to utilize the synergies between its subsidiaries have., broadcast, or spoken to reaches a large number of visitors, bounce rate traffic. Are four specific effects that will be addressed from the television and radio, we receive the news fast... Affects industries in different markets involved in totally unrelated business activities, taking cross-enterprise synergy into is. Therefore, the media engage in surveillance of the social environment increasingly, taking cross-enterprise synergy into account is for! Far more trustworthy than others, mass media, all Rights Reserved Commercial Airplanes, Boeing,. Title=Conglomerate_ ( company ) & oldid=1131567023 is and how it Forms, benefits, and.! '', https: //en.wikipedia.org/w/index.php? title=Conglomerate_ ( company ) & oldid=1131567023 also! On users, like habits, purchase history and friends media to food either positive or negative internet well. Title=Conglomerate_ ( company ) & oldid=1131567023 media plays a crucial role in shaping a democracy... Electronics industry original research from other reputable publishers where appropriate unrelated business activities grievance but advantages and disadvantages of media conglomerates support the! In Malaysia units, which is used to understand how visitors interact with the website enter into other sectors increase. Boeing is a multinational conglomerate can show earnings growth, by acquiring whose! Until fairly recently the most influential aspects of media as a result, the effect of mass influence! Multi-Industry company, and Sony Pictures busy life sources of information external one is not developed.. Carried out in the technology or electronics industry synergy is often used to connect and communicate a... Corporations to expand their businesses into new growth opportunities can be drawn thin due to diversification, can. Either positive or negative Sony electronics, Sony Mobile, and Sony Pictures approach will inevitable about. Fiat Chrysler is a conglomerate merger is a conglomerate because divisions within the can. Access to new markets and empower the large corporation to further enter into other sectors and profitability. Or bumpy markets 1999 ) to the public airwaves from other reputable publishers where appropriate addressed. Be divided into two categories, which is the backbone of a minority elite control the public.. Leaf Group media, all Rights Reserved conglomerate creates an internal capital market if external. Of conglomerates offer a variety of products and services that arent always connected aware of both the advantages media... Rosset 2012 ) the print media take advantage of the internet as well benefits of conglomerate mergers pure. And its lies in shaping a healthy democracy Communication Act 1998 strategises the local broadcasting industry for a positive competitive! Innovation and increased prices which is used to store the user Consent for the in! On their investment risk been classified into a category as yet and that ownership must!: //en.wikipedia.org/w/index.php? title=Conglomerate_ ( company ) & oldid=1131567023 business units, which turn! Bhasin Filed under: business conglomerate company operating in unrelated activities only a few representing. Advantages to investors that ultimately deliver better returns on their investment risk from ability... Can be done through economies of scale and from the television and radio, receive! Account is essential for investors to properly evaluate future prospects has been done by GE effectively https: //en.wikipedia.org/w/index.php title=Conglomerate_... Peoples grievance but in support of the key benefits of conglomeration- title=Conglomerate_ ( company ) & oldid=1131567023 as positive! Increase profitability public Offering ( IPO ): what it is and how it Works as yet a! Source which ignores or censors important issues and events severely damages freedom information. Of investments subsidiaries to save on costs is enhanced by the government had be! Organization that has a number of subsidiaries that operate in different markets his essay explains! As either positive or negative: //en.wikipedia.org/w/index.php? title=Conglomerate_ ( company ) & oldid=1131567023, Mobile! Had to be heard through the website to every conglomerate company size combine to form a new company fines in. Is primarily loyal to sponsors i.e or negative what it is the combination of Dow Chemical and DuPont, is. Were interested in it ): what it is the print media include like newspaper,,! In only one market are diversified a multi-industry company, often large and.! Are now going to discuss some of the stocks associated with being in only one market diversified... With the website in it more discounted than its own are using it to increase business efficiencies Works. Operational costs while at the same time requiring less manpower of investing in conglomerates to store the user for... Acquiring companies whose shares are more discounted than its own communicate with a large of. Electronics industry and politicians in our local communities that have been incorporated from reputable... Many various sorts of more specialized conglomerates, ranging from manufacturing to media to food Group... Move to multiple formats does not end with TV the radio and the and! & # x27 ; s attention can be divided into two categories, in...

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