Tags: News

All those hundreds of TV channels may lead you to think that there’s a true diversity and variety in today’s television … but you’d be wrong. A handful of large companies control what you see, hear, and read every day. Over at FederalJack they have a breakdown of all the TV channels owned by 6 of the largest companies in media. Everything we hear and see on TV is controlled by 6 people.

General Electric is a true behemoth: the conglomerate is the world’s third largest company with market capitalization of nearly $370 billion and annual revenue of $173 billion (2007). The company produces practically everything – from aircraft engine to locomotives to medical devices.

GE’s media holding includes television networks NBC and Telemundo, 27 television stations in the United States and many cable TV networks, including the History Channel, A&E, and Sci Fi Channel. It also owns the popular web-based TV website Hulu.

Visit Federal Jack for complete article

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