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Highlights on the Way to a Global Commercial Media Oligopoly: 1980s |
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-1981
Rupert Murdoch and his News Corp., owner of major print and broadcast media in Australia and Great Britain, takes control of the "Times" of London, long one of the world's greatest newspapers and a genuine institution in Britain.
1984
Twentieth Century Fox, a major Hollywood movie studio and film library, is taken over by Rupert Murdoch.
1985
Lawrence Tisch and his Loews Corp. takes control of the CBS-TV network.
The News Corp. buys the six Metromedia TV stations, with which Murdoch forms a new American TV network, Fox Television.
1989
In a US$ 14.1 billion deal, Time Inc. buys the film, television, and recorded-music giant Warner Communications. The new media giant is called Time Warner.
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Disney
American corporation that became the best-known purveyor of child and adult entertainment in the 20th century. Its headquarters are in Burbank, Calif. The company was founded in 1929 and produced animated motion-picture cartoons.
In 1955 the company opened the Disneyland amusement park, one of the world's most famous. Under a new management, in the 1980s, Disney's motion-picture and animated-film production units became among the most successful in the United States. In 1996 the Disney corporation acquired Capital Cities/ABC Inc., which owned the ABC television network. The Disney Company also operates the Disney Channel, a pay television programming service.
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