Rupert Murdoch is one name that popped in my head as soon as
I heard these words “Global Media Empires”. His empire includes TV channels,
newspapers, radio channels, movie production houses and magazines. The one man owns
almost one fifth of the world’s media capability. Rupert Murdoch and his
business operations have been under scrutiny for unethical and at times,
illegal operations (The Guardian, 14/7/2011).
Vardarajan (2012) says that Rubert’s goal was always to demolish
the print dailies and have an unquestioned media empire where he could do what
he liked and published what he wanted to. This raises concerns about what the
media giants are potentially capable of, both good and bad. When I am reading a
news story, I couldn’t potentially know how much is being hidden from me, what’s
been ill-communicated and whether all stories are being brought to me.
Another thing I hate is how Paris Hilton or Lady Gaga are on
a full page of newspaper, and news about world economy is hidden in a small
corner. The media empires probably need to take a deep breath and realise what great
role they can play in globalisation if they had their mind straight.
To conclude, in my opinion large media empires are probably a
good thing. They are under continuously scrutiny from governments and other
social organizations; therefore their unethical behaviour would be restricted
to a great extent. They could however be better if they operated with a better
moral and ethic.
References
Varadarajan, Tunku (2012). "Nationalization and
Necrophilia. Till death do us part. Chronicle of a Death". Online at
Ed Pilkington in New York, Andrew Gumbel and agencies (14/07/2011).
"FBI to investigate News Corporation over 9/11 hacking allegations".
The Guardian (London). Online at
http://www.guardian.co.uk/world/2011/jul/14/fbi-news-corp-hacking-claims?INTCMP=SRCH