After a number of mergers and acquisitions five powerful media conglomerates lead the world's content production and distribution. They operate on an international basis with subsidiaries all around the globe and engage in every imaginable kind of media industry.
Table: The World's Leading Media Companies
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(* Revenues of Time Warner only (merger with AOL took place in January 2000)
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The dream of a conflict-free capitalism appeals to a diverse audience. No politician can win elections without eulogising the benefits of the information society and promising universal wealth through informatisation. "Europe must not lose track and should be able to make the step into the new knowledge and information society in the 21st century", said Tony Blair.
The US government has declared the construction of a fast information infrastructure network the centerpiece of its economic policies
In Lisbon the EU heads of state agreed to accelerate the informatisation of the European economies
The German Chancellor Schröder has requested the industry to create 20,000 new informatics jobs.
The World Bank understands information as the principal tool for third world development
Electronic classrooms and on-line learning schemes are seen as the ultimate advance in education by politicians and industry leaders alike.
But in the informatised economies, traditional exploitative practices are obscured by the glamour of new technologies. And the nearly universal acceptance of the ICT message has prepared the ground for a revival of 19th century "adapt-or-perish" ideology.
"There is nothing more relentlessly ideological than the apparently anti-ideological rhetoric of information technology"
(Arthur and Marilouise Kroker, media theorists)
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The News Corporation Ltd., a global media holding company, which governed News Limited (Australia), News International (U.K.), and News America Holdings Inc. (U.S.) was founded by the Australian-born newspaper publisher and media entrepreneur, Rupert Murdoch. Murdoch's corporate interests center on newspaper, magazine, book, and electronic publishing; television broadcasting; and film and video production, principally in the United States, the United Kingdom, and Australia.