The World’s 10 Largest Media Conglomerates

The World’s 10 Largest Media Conglomerates
Money
Like Us On Facebook
Like Us On Facebook

With media oversight being taken for granted in recent years, media concentration has been a trend that’s been rolling along with few signs of stopping. As a result, many of your favorite media entities have been consolidated and all work under the same umbrella corporation. If you think, for example, one channel offers better content than the other, you might be surprised to learn that you’ve stuck with the same company and are just now loyal to another one of its assets.

Having singular enterprises in the media is a rarity these days. There’s isn’t just FOX anymore and there isn’t just NBC. There’s always something behind it and in this list of the world’s top 10 media conglomerates, you’ll be able find out which companies they are:

Bertelsmann SE & Co. KGaA

527534_281394285306524_486656152_n

German media giant Bertelsmann starts our list off with nearly $21 billion in revenue and over $800 million generated in profit. Die flagship media company in Europe makes its name with assets that include the RTL Group, one of the biggest television broadcasters in Europe; Gruner + Jahr, the biggest magazine publisher in Europe; and Random House, the biggest book publisher in the world. Its multifaceted approach to media ownership and great standing in Europe makes it one of two international selections on this list.


Gannett Company Inc.

gannett-office

Having grossed over $5 billion in 2012, and on track to top that number in 2013, Gannett just makes this list at the no. 9 spot. Gannett makes its name in the newspaper business with ownership of USA Today, the country’s second largest publication by circulation, and many other publications: such as, the Detroit Free Press and The Indianapolis Star, which makes it the largest publisher in the United States. Gannett also owns over 20 local television stations with various NBC, CBS and ABC affiliates owned in different states. Online, Gannett maintains ownership of Cars.com and a 50% stake in Career Builder.


CBS Corporation

timthumb

After spinning off into its own company from Viacom in 2006, CBS has mainly controlled the network television and radio broadcasting side of the business. With the most watched network under its name, CBS of course, the corporation has been able to generate over $14 billion in revenue and $1.3 in profit. CBS owns a 50% stake in the CW network, which it shares with Time Warner, while it fully owns Showtime, CBS Radio and Simon & Schuster, one of the big four of print publishers. CBS also owns its own sports network.


British Sky Broadcasting Group Plc

ipuqk6q_gmH8

Hailing from across the pond on the shores of England, this London-based company generates over $10 billion in revenue and over $1.9 billion in profit to make it no. 7 on the list. Sky, which is 40% owned by 21st Century Fox, has over 10 million subscribers in the U.K., making it the largest satellite broadcasting company in the country.

Sky owes a large portion of its success to the large amounts of revenue it has been able to garner with televising rights for the English Premier League with Sky Sports, having valued those rights at $3.5 billion over two years to air 116 live soccer matches. Sky shows many of the U.S.’s most popular shows on its flagship channel, Sky 1, such as “The Simpsons” and “24,” and also offers broadband internet service.


Liberty Media

liberty_media

With a relatively modest $11 billion in revenue and nearly $2 billion in profit, Liberty Media makes the list at no. 6 on our list of the media big boys. Its chairmen, John Malone, counted Starz and Encore, which combined had about 50 million subscribers, amongst his biggest assets in 2012, while most of the money that Liberty has been able to make has been garnered through investment in other companies, such as Barnes & Noble (17%) and Sirius-XM (49%). Liberty Media also owns very minor shares of Time Warner and Viacom, while Malone also owns the Atlanta Braves. Starz has since been spun-off into its own company, Starz Inc.


News Corporation

News-Corp

The apple of Rupert Murdoch’s eye, News Corp enters our list at the no. 5 spot. News Corp’s counts the Fox Network and 20th Century Fox amongst its biggest cash cows, while its news division, the fair and balanced Fox News ranks as the no. 1 cable news network in America. News Corp also owns the gold standard of journalism in the U.S. with Wall Street Journal, the largest paper in America, while it also owns The Times of London. Plans to release a new, 24-hour cable sports network will allow the company to compete with ESPN starting in August when Fox Sports 1 & 2 make their way to American households.

It must be mentioned, though, that News Corporation makes this list on a technicality as, after earning nearly $34 billion in revenue and over $1.1 billion in profit in 2012, the company has split into News Corp and 21st Century Fox, though they are both still owned by Murdoch. News Corporation also owns a 36% stake in Hulu, the biggest piece of the pie that it shares with Comcast/NBA and Disney/ABC, which each owns 32% of the website.


Viacom

viacom-logo

Coming in at no. 4 is the company that, quite literally, owns the music television game, with control over MTV, VH1 and BET. With nearly $15 billion in revenue and over $2 billion in profit, Viacom also has its stake in the movie-making business with Paramount Pictures. The company, in its current form, was created when it split from the old Viacom in 2006 along with the CBS Corporation. Viacom also counts Nickelodeon, Spike and Comedy Central among its assets


Time Warner Inc.

People walk in front of the Time Warner Inc. headquarters building at Columbus Circle in New York

Time Warner actually suffered a loss in revenue of nearly $29 billion in 2012, but still come in at no. 3 having earned over $3.5 billion profit. The company has been downsizing in recent years, having seen America On-Line (AOL) and Time Warner Cable spin off into their own distinctly independent companies in recent, while Time Inc., the division of Time Warner that controls it’s magazines such as Sports Illustrated, People, and (you guessed it), Time magazine, is expected to become independent by the end of 2013.

Time Warner will, however, be holding onto its biggest assets such as the Turner networks TBS, TNT, HBO, CNN and Warner Brothers studios, while they also own a $50 million stake in the CW Network. Time Warner also owns the DC Comics series, which allowed them to produce their most recent cinematic success, “Man of Steel,” and compete in the sports network circuit with ownership of NBA TV.


The Walt Disney Disney Company

AboutDisney_LandingPage_CompanyOverview_image

With revenue topping $42 billion and profits of over $5.5 million, Disney comes in at second amongst our list of biggest media conglomerates. The House of Mouse includes many of today’s big boys in its family, the most notable of which are the American Broadcasting Company (ABC), its movie-making division Walt Disney Pictures, as well as Pixar, and the Entertainment Sports and Programming Network, otherwise known as ESPN. Its ownership of Marvel Comics puts it head to head with Time Warner in the battle of super-hero motion pictures, which it won in 2012 as “The Avengers” grossed over $1 billion in box offices. Disney also has a 50% stake in the A&E Networks.


Comcast Corporation

Comcast-Center-by-Robert-A.M.-Stern-Architects-in-Philadelphia-United-States-588x382

Comcast is your top dog amongst media conglomerates in 2013, as the only company to reach over $6 billion in profit and with nearly 50% more revenue than nearest competitor Walt Disney in 2012, having earned over $62.5 billion. Comcast received its biggest boost in trying to rise to no. 1 in taking over NBC Universal in 2010, which also gave them a significant advantage over Disney who still have yet ascend its own cable news network (ABC News) to a level where it can compete with the likes of Comcast owned MSNBC.

Comcast also does battle with Disney on the movie and theme park with Universal Studios. Comcast will add a significant asset to its NBC Sports division when it begins broadcasting Barclays Premier League matches live in August, a deal they secured with a three-year $240 million dollar offer.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Joseph Milord

A Journalism & Media Studies product from Rutgers University, Joseph began his writing days as a blogger in his sophomore year before a twist of fate saw him cross paths with Elite Daily. He hasn't looked back since, only forward towards fulfilling his obsession with words through many more articles for the voice of generation-Y.

More In Money

Strategy Laura Argintar

College Job Site Helps Students Find Jobs They Can Balance With Class

Looking for a way to battle that awkward Thanksgiving conversation about your future plans after graduation? Want to get a head start on saving up for your own place? Enter Campus Job. Campus Job is the largest online marketplace that connects students with part-time jobs and internships. It’s live at every single college and grad school […]

Strategy Samantha O'Connor

5 Types Of Professional Bridges We All Eventually Burn Throughout Our Careers

What do 20-something interns, 30-something associates and 40-something CEOs have in common? They’ve all made a few enemies and burned a professional bridge or two along the way while climbing the corporate ladder. That’s right; despite what your conscience tells you, you’re not the only one with a professional rival. It’s something that’s not usually broadcast […]

Strategy Jamelle Sanders

Millennial Debt Prescription: 5 Ways To Rid Yourself Of Debt

As a business coach and Millennial, I am always researching strategies to improve my financial acumen and to empower me for even greater financial freedom. Sadly, I do not meet many other Millennials who share this belief or concern. Research shows that more Millennials are taking steps to secure their financial futures. However, what we […]

Strategy Joshua Fechter

10 Ways To Get Your Dream Job At A Top Tech Company

We all want an amazing career, but wanting something isn’t always enough to get it. And if that something is a job at a top tech company, your life just got a whole lot harder. Even though just getting an interview at a top technology company is extremely hard, there are ways to make it […]

Money John Haltiwanger

3 Amazing Ways Elon Musk Is Exactly Like The Real Life Tony Stark

Elon Musk, the CEO of Tesla Motors and SpaceX, is a dreamer, businessman, engineer, adventurer, inventor and innovator. His ambitious are boundless, literally spanning across the galaxy and perhaps even beyond. He is the real life Tony Stark, developing technologies that most of us believed could only exist in science fiction. Musk not only wants […]

Also On Elite

Sports

20 Sports Fans Who Would Take All Your Crap And Still Never Leave You

The most notable teams with diehard fan bases are easy to name: the New England Patriots, the Boston Celtics and the like. Because in a discussion about hardcore, fanatical fans, the teams that first come to mind are usually the most successful ones. That’s not to diminish the fact that fans of a number of […]

World

Texas Teacher Allegedly Had Sex With Her Student ‘All Summer Long’

It’s beginning to seem like every state in the country has at least one illegal teacher-student hookup. Former cheer coach and biology teacher Ashley Zehnder, 24, faces a felony charge for an alleged months-long sexual relationship with a 17-year-old male squad member. The case surfaced three weeks ago when Zehnder approached Pasadena High School’s assistant principal, telling him students […]

World

1-Year-Old Boy Miraculously Survives Being Run Over By A Truck (Video)

Footage taken in Kazakhstan captures a truck running over a 1-year-old boy as he crosses the street. The boy’s body violently snaps back as he is caught by the truck’s front wheels before the back wheels roll over his body. According to the Mirror, the boy’s injuries somehow only amounted to a few scrapes and […]