Editing Conglomerate (company) (section)

==Media conglomerates==
{{main|Media conglomerate}}
{{further|Concentration of media ownership}}
<!-- Question: are these media companies really conglomerates in the sense of the definition, that their businesses are unrelated?--> 
In her 1999 book ''[[No Logo]]'', [[Naomi Klein]] provides several examples of [[mergers and acquisitions]] between media companies designed to create '''conglomerates''' to create [[synergy]] between them:
*[[WarnerMedia]] included several tenuously linked businesses during the 1990s and 2000s, including Internet access, content, film, cable systems, and television. Their diverse portfolio of assets allowed for cross-promotion and [[economies of scale]]. However, the company has sold or spun off many of these businesses – including [[Warner Music Group]], [[Warner Books]], [[AOL]], [[Time Warner Cable]], and [[Time Inc.]] – since 2004.
*[[Clear Channel Communications]], a public company, at one point owned a variety of TV and radio stations and [[billboard]] operations, together with many concert venues across the US and a diverse portfolio of assets in the UK and other countries around the world. The concentration of [[bargaining power]] in this one entity allowed it to gain better deals for all of its business units. For example, the promise of playlisting (allegedly, sometimes, coupled with the threat of blacklisting) on its radio stations was used to secure better deals from artists performing in events organized by the entertainment division. These policies have been attacked as unfair and even [[Monopoly|monopolistic]], but are a clear advantage of the conglomerate strategy. On December 21, 2005, Clear Channel completed the divestiture of [[Live Nation]], and in 2007 the company divested their television stations to other firms, some of which Clear Channel holds a small interest in. Live Nation owns the events and concert venues previously owned by Clear Channel Communications.
* '''Impact of conglomerates on the media''': The four major media conglomerates in the United States are [[The Walt Disney Company]], [[Comcast]], [[Warner Bros. Discovery]] and [[Paramount Global]]. The Walt Disney Company is linked with the [[American Broadcasting Company (ABC)]], creating the largest media corporation, with revenue equal to roughly thirty six billion dollars. Since Walt Disney owns ABC, it controls its news and programming. Walt Disney also acquired most of Fox, for over $70&nbsp;billion. When [[General Electric]] owned NBC, it did not allow negative reporting against General Electric on air ([[NBCUniversal]] is now owned by Comcast).<ref>{{Cite web |last=Street |first=The |title=How Comcast 'Stole' NBCUniversal From General Electric |url=https://www.forbes.com/sites/thestreet/2013/02/13/how-comcast-stole-nbcuniversal-from-general-electric/ |access-date=2024-12-13 |website=Forbes |language=en}}</ref> Viacom merged with CBS in 2019 as [[ViacomCBS]] (now [[Paramount Global]]) after originally merged in 2000 with Viacom as the surviving company while also Viacom divested CBS in 2006 due to [[FCC]] regulations as the time.

===Internet conglomerates===
A relatively new development, Internet conglomerates, such as [[Alphabet Inc.|Alphabet]], Google's parent company<ref>{{cite web|url=https://googleblog.blogspot.com/2015/08/google-alphabet.html|title=G is for Google|website=googleblog.blogspot.com|date=August 10, 2015|access-date=May 2, 2018|url-status=live|archive-url=https://web.archive.org/web/20180409234154/https://googleblog.blogspot.com/2015/08/google-alphabet.html|archive-date=April 9, 2018}}</ref> belong to the modern media conglomerate group and play a major role within various industries, such as [[brand management]]. In most cases, Internet conglomerates consist of corporations that own several medium-sized online or hybrid online-offline projects. In many cases, newly joined corporations get higher [[return on investment|returns on investment]], access to business contacts, and better rates on loans from various banks.<ref>{{Cite web |title=What Are the Sources of Funding Available for Companies? |url=https://www.investopedia.com/ask/answers/03/062003.asp |access-date=2024-12-13 |website=Investopedia |language=en}}</ref>