Developing countries frequently looked to their government for information since they lacked the private investment necessary to maintain significant commercial media.
A significant change of communications law abolished restrictions on the number of channels one corporation could possess and allowed businesses to own outlets in different media markets, including radio, television, and publications.
There were 50 companies in charge of the majority of American media just 37 years ago. Only six companies now control 90% of the media in the United States: AT&T, CBS, Comcast, Disney, Newscorp, and Viacom.
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