-1994
Viacom multimedia and industrial corporation takes control of Paramount Communications for US$ 9.6 billion, as well as Blockbuster Entertainment, a huge video store chain, for US$ 8.4. billion.
1995
Entertainment giant Disney buys Capital Cities-ABC for US$ 19 billion.
The industrial and broadcasting company Westinghouse Corp. buys out CBS for US$ 5.4 billion.
In a US$ 7.2 billion deal, Time Warner acquires Turner Communications, owner of prime cable TV channels CNN, TBS and TNT and a major classic American film library.
1996
Westinghouse/CBS buys Infinity Broadcasting's large group of radio stations.
Murdoch and News Corp. acquire ten more TV stations and TV production studios with the US$ 2.5 billion purchase of New World Communications Group.
Viacom buys half of UPN-TV network, adding that to its other holdings, which include eleven TV stations, along with MTV, VH-1, and other cable TV channels and Paramount movie studios.
1997
Radio Groups Chancellor Media and Evergreen merge and are linked by ownership with Capstar Broadcasting; they also buy ten radio stations from Viacom. By mid-1997 Chancellor/Capstar controls no fewer than 325 radio stations around the United States.
Chancellor/Capstar's controlling ownership group, Hicks Muse Tate & Furst, buys the seventh largest radio group, SFX, adding another seventy-two radio stations, making a total of nearly four hundred stations controlled by this one source.
Westinghouse-CBS buys out American Radio Systems, the fourth largest radio chain in total audience, which gives Westinghouse-CBS over 170 radio stations with a total audience nearly equal to that of the Chancellor/Capstar group.
Giant European-based print and electronic publishing and data base corporations Reed Elsevier and Wolters Kluwer merge.
1998
Bertelsmann buys the Random House-Alfred A. Knopf-Crown Publishing group of book publishers from Newhouse/Advance Publications, adding to its Bantam-Doubleday-Dell publishing group and giving Bertelsmann by far the largest English-language publishing operations.
1999
AOL, the worlds leading Internet service provider and Time Warner, the worlds leading classical media company merge in a US$ 243.3 billion deal.
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1971 IBM's work on the Lucifer cipher and the work of the NSA lead to the U.S. Data Encryption Standard (=
1976
1977/78 the
1984 Congress passes Comprehensive Crime Control Act
- The Hacker Quarterly is founded
1986 Computer Fraud and Abuse Act is passed in the USA
- Electronic Communications Privacy Act
1987 Chicago prosecutors found Computer Fraud and Abuse Task Force
1988 U.S. Secret Service covertly videotapes a hacker convention
1989 NuPrometheus League distributes Apple Computer software
1990 -
- Charles H. Bennett and Gilles Brassard publish their work on Quantum Cryptography
- Martin Luther King Day Crash strikes AT&T long-distance network nationwide
1991
- one of the first conferences for Computers, Freedom and Privacy takes place in San Francisco
- AT&T phone crash; New York City and various airports get affected
1993 the U.S. government announces to introduce the
1994
- the
1990s work on quantum computer and quantum cryptography
- work on biometrics for authentication (finger prints, the iris, smells, etc.)
1996 France liberates its cryptography law: one now can use cryptography if registered
- OECD issues Cryptography Policy Guidelines; a paper calling for encryption exports-standards and unrestricted access to encryption products
1997 April European Commission issues Electronic Commerce Initiative, in favor of strong encryption
1997 June PGP 5.0 Freeware widely available for non-commercial use
1997 June 56-bit DES code cracked by a network of 14,000 computers
1997 August U.S. judge assesses encryption export regulations as violation of the First Amendment
1998 February foundation of Americans for Computer Privacy, a broad coalition in opposition to the U.S. cryptography policy
1998 March
1998 April NSA issues a report about the risks of key recovery systems
1998 July
1998 October Finnish government agrees to unrestricted export of strong encryption
1999 January RSA Data Security, establishes worldwide distribution of encryption product outside the USA
- National Institute of Standards and Technologies announces that 56-bit
- 56-bit DES code is cracked in 22 hours and 15 minutes
1999 May 27 United Kingdom speaks out against key recovery
1999 Sept: the USA announce to stop the restriction of cryptography-exports
2000 as the German government wants to elaborate a cryptography-law, different organizations start a campaign against that law
- computer hackers do no longer only visit websites and change little details there but cause breakdowns of entire systems, producing big economic losses
for further information about the history of cryptography see:
for information about hacker's history see:
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Although the traditional media companies first steps into the digital sphere were fairly clumsy, they have quickly learned from their mistakes and continued to enlarge their Internet presence.
During the last years many of the smaller players in the field of digital media have been driven out of competition by the huge media conglomerates. This mainly is a result of the advantages that the commercial media giants have over their less powerful counterparts:
- As engagement in online activities mostly does not lead to quick profits, investors must be able to take losses, which only powerful companies are able to.
- Traditional media outlets usually have huge stocks of digital programming, which they can easily plug into the Internet at little extra cost.
- To generate audience, the big media conglomerates constantly promote their Websites and other digital media products on their traditional media holdings.
- As possessors of the hottest "brands" commercial media companies often get premier locations from browser software makers, Internet service providers, search engines and portals.
- Having the financial resources at their disposition the big media firms are aggressive investors in start-up Internet media companies.
Commercial media companies have close and long ties to advertisers, which enables them to seize most of these revenues.
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Concerning their human and financial resources commercial media and independent content provider are an extremely unequal pair. While the 1998 revenues of the world's leading media conglomerates (AOL Time Warner, Disney, Bertelsmann, Viacom and the News Corporation) amounted to US$ 91,144,000,000 provider of independent content usually act on a non-profit basis and to a considerable extent depend on donations and contributions.
Also the human resources they have at their disposal quite differ. Viacom for example employs 112,000 people. Alternative media conversely are mostly run by a small group of activists, most of them volunteers. Moreover the majority of the commercial media giants has a multitude of subsidiaries (Bertelsmann for instance has operations in 53 countries), while independent content provider in some cases do not even have proper office spaces. Asked about their offices number of square meters Frank Guerrero from RTMark comments "We have no square meters at all, because we are only on the web. I guess if you add up all of our servers and computers we would take up about one or two square meters."
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AT&T Corporation provides voice, data and video communications services to large and small businesses, consumers and government entities. AT&T and its subsidiaries furnish domestic and international long distance, regional, local and wireless communications services, cable television and Internet communications services. AT&T also provides billing, directory and calling card services to support its communications business. AT&T's primary lines of business are business services, consumer services, broadband services and wireless services. In addition, AT&T's other lines of business include network management and professional services through AT&T Solutions and international operations and ventures. In June 2000, AT&T completed the acquisition of MediaOne Group. With the addition of MediaOne's 5 million cable subscribers, AT&T becomes the country's largest cable operator, with about 16 million customers on the systems it owns and operates, which pass nearly 28 million American homes. (source: Yahoo)
Slogan: "It's all within your reach"
Business indicators:
Sales 1999: $ 62.391 bn (+ 17,2 % from 1998)
Market capitalization: $ 104 bn
Employees: 107,800
Corporate website:
The Sandinistas overthrew the right wing Somoza regime of corruption that had support from the U.S.-government, in 1979. The followers of Somoza, who was killed in 1980, formed the Contras and began a guerrilla warfare against the government. Many of them were trained in the School of the Americas (=
The largest media and entertainment conglomerate in the world. The corporation resulted from the merger of the publisher Time Inc. and the media conglomerate Warner Communications Inc. in 1989. It acquired the Turner Broadcasting System, Inc. (TBS) in 1996. Time Warner Inc.'s products encompass magazines, hardcover books, comic books, recorded music, motion pictures, and broadcast and cable television programming and distribution. The company's headquarters are in New York City. In January 2000 Time Warner merged with AOL (America Online), which owns several online-services like Compuserve, Netscape and Netcenter in a US$ 243,3 billion deal.