The advantage is they will have more money because they control many small companies, so these small companies will share benefits to the bigger one. But the disadvantage is it’s very hard to operate. Just thinking that only one company can cause a lot of problem, imagine own a lot of companies and you have to control it. It’s very hard.
In nowadays, People are not really interest in reading newspaper or books much.So, the number of magazines has increased ,but the number of newspapers, magazines and recording companies has declined. American media ownership has been contracting rather than expanding. This is because large companies are buying small companies.
Summarize the advantages and disadvantages or the concentration of ownership in today’s mass media business.
Ans.
Advantages – Owner business of myself and get profit only one.
Disadvantage – if we make some mistake, this mistake can spread so fast on social media.