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Radio Homogenization
Radio homogenization is the shift to stations airing the same pre-recorded program material and central-casting via Internet or satellite. Background of corporate consolidation Deregulation The 1996 Telecommunications Act removed all national and local restrictions on national ownership that specified the number of stations one company could own in a set market. Before 1996, a company was prohibited from owning more than 40 stations, and from owning more than two AM and two FM stations in one market. The bill covered a wide range of formats and was the first time the Internet was included in broadcasting and spectrum allotment. The federal government has regulated the extent of ownership for radio stations since the 1934 Communications Act. The policy was based on the notion that the airwaves were accessible to the public and therefore had an accompanying public trust. However, the U.S. Federal Communications Commission (FCC) began to relax these limitations. Lydia Polgreen' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1996 Telecommunications Act
The Telecommunications Act of 1996 is a United States federal law enacted by the 104th United States Congress on January 3, 1996, and signed into law on February 8, 1996, by President Bill Clinton. It primarily amended Chapter 5 of Title 47 of the United States Code, The act was the first significant overhaul of United States telecommunications law in more than sixty years, amending the Communications Act of 1934, and represented a major change in American telecommunication law, because it was the first time that the Internet was included in broadcasting and spectrum allotment.The Telecommunications Act of 1996. Title 3, sec. 301. Retrieved frofcc.gov (2011) The goal of the law was to "let anyone enter any communications business – to let any communications business compete in any market against any other." The legislation's primary goal was deregulation of the converging broadcasting and telecommunications markets. The law's regulatory policies have been criticized, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concentration Of Media Ownership
Concentration of media ownership (also known as media consolidation or media convergence) is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media. Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated and dominated by a very small number of firms. Globally, large media conglomerates include Bertelsmann, National Amusements (Paramount Global), Sony Group Corporation, News Corp, Comcast, The Walt Disney Company, Warner Bros. Discovery, Fox Corporation, Hearst Communications, Amazon ( MGM Holdings Inc.), Grupo Globo (South America), and Lagardère Group. As of 2022, the largest media conglomerates in terms of revenue are Comcast, The Walt Disney Company, Warner Bros. Discovery, and Paramount Global. Mergers Media mergers occur when one media company buys another. The current landscape of corporate media ownership in the United States of Amer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voice Tracking
Voice-tracking, also called cyber jocking and referred to sometimes colloquially as a robojock, is a technique employed by some radio stations in radio broadcasting to produce the illusion of a live disc jockey or announcer sitting in the radio studios of the station when one is not actually present. It is one of the notable effects of radio homogenization. Background Strictly speaking, voice-tracking refers to the process of a disc jockey prerecording his or her on-air "patter." It is then combined with songs, commercials, and other elements in order to produce a product sounding like a live air shift. Voice-tracking has become common on many music radio stations, particularly during evening, overnight, weekend, and holiday time periods. Most radio station owners consider it an economical alternative to employing live disc jockeys around the clock. The process goes back decades and was very common on FM stations in the 1970s. At that time, elements were recorded on reel-to-re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Top 40
In the music industry, the Top 40 is the current, 40 most-popular songs in a particular genre. It is the best-selling or most frequently broadcast popular music. Record charts have traditionally consisted of a total of 40 songs. "Top 40" or "contemporary hit radio" is also a radio format. Frequent variants of the Top 40 are the Top 10, Top 20, Top 30, Top 50, Top 75, Top 100 and Top 200. History According to producer Richard Fatherley, Todd Storz was the inventor of the format, at his radio station KOWH in Omaha, Nebraska. Storz invented the format in the early 1950s, using the number of times a record was played on jukeboxes to compose a weekly list for broadcast. The format was commercially successful, and Storz and his father Robert, under the name of the Storz Broadcasting Company, subsequently acquired other stations to use the new Top 40 format. In 1989, Todd Storz was inducted into the Nebraska Broadcasters Association Hall of Fame. The term "Top 40", describing a radi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Maximization
In economics, profit maximization is the short run or long run process by which a firm may determine the price, input and output levels that will lead to the highest possible total profit (or just profit in short). In neoclassical economics, which is currently the mainstream approach to microeconomics, the firm is assumed to be a "rational agent" (whether operating in a perfectly competitive market or otherwise) which wants to maximize its total profit, which is the difference between its total revenue and its total cost. Measuring the total cost and total revenue is often impractical, as the firms do not have the necessary reliable information to determine costs at all levels of production. Instead, they take a more practical approach by examining how small changes in production influence revenues and costs. When a firm produces an extra unit of product, the additional revenue gained from selling it is called the marginal revenue (\text), and the additional cost to produce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vivendi
Vivendi SE is a French mass media holding company headquartered in Paris. Widely known as the owner of Gameloft, Groupe Canal+, Havas, Editis, Prisma Media, Vivendi Village and Dailymotion, the company has activities in television, film, video game, book publishing, print press, communication, tickets and video hosting services. Bolloré is the largest shareholder at approximately 30% of the company. Vivendi's chairman Yannick Bolloré is also CEO of Havas, which was spun-off from Vivendi in 2000 but has since become a subsidiary. History Origins On 14 December 1853, a water company named Compagnie Générale des Eaux (CGE) was created by an imperial decree of Napoleon III. In 1854, CGE obtained a concession in order to supply water to the public in Lyon, serving in that capacity for over a hundred years. In 1861, it obtained a 50-year concession with the City of Paris. CGE also supplied water to Nantes, Venice (from 1880), Constantinople (from 1882) and Porto (from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Universal Music Group
Universal Music Group N.V. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch– American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands and its operational headquarters are located in Santa Monica, California. The biggest music company in the world, it is one of the " Big Three" record labels, along with Sony Music and Warner Music Group. Tencent acquired ten percent of Universal Music Group in March 2020 for €3 billion and acquired an additional ten percent stake in January 2021. Pershing Square Holdings later acquired ten percent of UMG prior to its IPO on the Euronext Amsterdam stock exchange. The company went public on September 21, 2021, at a valuation of €46 billion. In 2019, ''Fast Company'' named Universal Music Group the most innovative music company and listed UMG among the Top 50 most innovative companies in the world and "amid the music industry's digital tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bertelsmann
Bertelsmann SE & Co. KGaA () is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates, and is also active in the service sector and education. Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835. After World War II, Bertelsmann, under the leadership of Reinhard Mohn, went from being a medium-sized enterprise to a major conglomerate, offering not only books but also television, radio, music, magazines and services. Its principal divisions include the RTL Group, Penguin Random House, BMG, Arvato, the Bertelsmann Printing Group, the Bertelsmann Education Group and Bertelsmann Investments. Bertelsmann is an unlisted and capital market-oriented company, which remains primarily controlled by the Mohn family. History 1835 to 1933 The nucleus of the corporation is the ''C. Bertelsmann Verlag'', a publishing house established on July 1, 183 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bertelsmann Music Group
Bertelsmann Music Group (BMG) was a division of a German media company Bertelsmann before its completion of sale of the majority of its assets to Sony Corporation of America on 1 October 2008. Although it was established in 1987, the music company was formed as RCA/Ariola International in 1985 as a joint venture to combine the music label activities of RCA's RCA Records division and Bertelsmann's Ariola Records and its associated labels which include Arista Records. It consisted of the BMG Music Publishing company, the world's third largest music publisher and the world's largest independent music publisher, and (since August 2004) the 50% share of the joint venture with Sony Music, which established the German American Sony BMG from 2004 to 2008. Acquisition In March 1998, BMG sold its video game publisher BMG Interactive to Take-Two Interactive, with Bertelsmann taking a 16 percent stake in Take-Two. BMG Interactive published the '' Grand Theft Auto'' video game series. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sony Music Entertainment
Sony Music Entertainment (SME), also known as simply Sony Music, is an American multinational music company. Being owned by the parent conglomerate Sony Group Corporation, it is part of the Sony Music Group, which is owned by Sony Entertainment and managed by the American umbrella division of Sony. It was originally founded in 1929 as American Record Corporation and renamed as Columbia Recording Corporation in 1938, following its acquisition by the Columbia Broadcasting System. In 1966, the company was reorganized to become CBS Records, and Sony Corporation bought the company in 1988, renaming it under its current name in 1991. In 2004, Sony and Bertelsmann established a 50-50 joint venture known as Sony BMG, which transferred the businesses of Sony Music and Bertelsmann Music Group into one entity. However, in 2008, Sony acquired Bertelsmann's stake, and the company reverted to the Sony Music name shortly after; the buyout allowed Sony to acquire all of BMG's labels, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AOL Time Warner
Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by Steve Ross as Warner Communications, and Time Warner was created in 1990, following a merger between Time Inc. and the original Warner Communications. The company has film, television and cable operations, with its assets including WarnerMedia Studios & Networks (consisting of the entertainment assets of Turner Broadcasting, HBO, and Cinemax as well as Warner Bros., which itself consists of the film, animation, television studios, the company's home entertainment division and Studio Distribution Services, its joint venture with Universal Pictures Home Entertainment, DC Comics, New Line Cinema, and, together with CBS Entertainment Group, through its Warner Bros. Entertainment subsidiary, a 50% interest in The CW television network); Warne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warner Music Group
Warner Music Group Corp. ( d.b.a. Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the " big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner (now Warner Bros. Discovery), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world. The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Reprise Records, Warner Records, Parlophone Records (formerly owned by EMI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
