Social Issues in Media Economics

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Mergermania has sparked criticism in some quarters. (See “Media Literacy Case Study: From Fifty to a Few: The Most Dominant Media Corporations.”) Some opponents lament the limits of antitrust laws. Others decry consumers’ loss of control in the marketplace when just a few companies determine what messages and media content are produced. Still others warn against the infiltration of American culture and media messages into every corner of the globe.