In today's world there are powerful companies that dominate and control much of the media world. Whether it's the internet, cable television, publishing, or the movie industry there are companies that own all sectors of the mass media. I have taken a look at two major media companies: AOL Time Warner, and General Electric. These two companies have displayed a willingness to spend larger amounts of money to gain more control in the media market. Each company is successful and continues to add to their arsenal of media divisions. The question at hand is, when is too much power enough? The overall census is split between positive and negative reactions to the mergers. .
General Electric owns and operates more than fourteen television stations. A pending merger with Vivendi Universal could substantial increase their influence in cable television. General Electric also owns other non-media related companies such as insurance and appliance hardware. Their mission statement states, "General Electric is committed to serve the communities where we do business, to provide our customers with innovative, high-quality products and services and to protect the health of our workers and our environment" (www.ge.com). G.E. firmly believes that they provide ample service to the people of the world. The website states that, through public service and voluntary work they are able to understand what the public needs and wants (www.ge.com). .
AOL Time Warner, compared to General Electric, is an even bigger media powerhouse. AOL Time Warner has their footprint on the publishing media, movie industry, television, music, and internet media divisions. Their truly is very powerful and dominates today's media world. It is companies like AOL Time Warner that raise questions on how much control companies can have in the media industry. Their mission statement states," AOL Time Warner is committed to serving the public interest by using our unique talents and resources to enrich people's lives and strengthen communities around the world" (www.