Over the past six weeks (yes, we are already six weeks in to the school year,) we have been discussing the many forms of media and how each of them functions and plays a role in society. One of my favorite things that we learned this past six weeks is the concept of conglomeration. Yes folks, it's not just a really long words that's pretty fun to say over and over again. Conglomeration is when a company buys, or "eats up" the smaller companies to form a larger company in general. Disney, for example, is one of the six major conglomerated companies in the world. Disney owns several notable companies, including ESPN and the Disney Channel, of course. The pros of conglomerating a business is that more profit is made and that it is more efficient. The cons of conglomerating a business is that there is job loss, which leads to a decrease in competition and diversity of the content being produced. Overall, the idea of conglomeration is an important concept in not just journalism, but the economic world as a whole.
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