Until the 1980s most media were domestically owned and regulated. Then, following the increased emphasis on free trade, national deregulation and privatization, pushed for by institutions like the International Monetary Fund (IMF) and the World Bank, drastic changes within the world of media occurred.
While throughout the 1990s media were still primarily organized on a national or local level, with the further rise of neoliberalism and the implementation of free movement of labor, goods, services and capital between countries the importance of national boundaries has diminished. Today the whole world participates in one global market system. Just as many other industries also commercial media have followed the trend towards globalization, resulting in an increasing number of transnational corporations (TNCs), which maintain subsidies in several countries and operate and invest on the basis of a multi-country perspective.
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b. June 12, 1924
41st President of the United States. In 1954, George Bush co-founded and became the president of Zapata Offshore Company. By 1964, he became chairman of the Republican Party of Harris County. That same year, he ran for the U.S. Senate, but was defeated in the Democratic landslide. Bush had better luck in the election of 1966, when he became the first Republican ever to represent Houston in Texas. Presidents Nixon and Ford selected Bush for a series of high-profile appointments: Ambassador to the United Nations in 1971, Chairman of the Republican National Committee in 1973, envoy to China in 1974 and Director of Central Intelligence in 1976. When Jimmy Carter was elected President in 1976, he appointed a new Director and George Bush returned to private life. In 1980, Bush made his own run for the Presidency. George Bush sought the Presidency again in 1988, and won the Republican nomination over a large field of candidates. His election that November was a decisive one, though not the landslide he and Reagan had enjoyed in 1984.