General Electric
A conglomerate is a number of different things or parts that are grouped together to form a whole but remain distinct entities. With that being said 6 corporations control 90% of the mainstream media within the United States. And what’s more, the amount of revenues from the tightly controlled mainstream media machine are enough to buy every NFL team 12 times. General Electric (GE) is chief among these (with 2010 revenues standing at $157 billion). GE media-related 
holdings include a minority share in television networks NBC, Telemundo, Universal Pictures, Focus Features, and 26 television stations. Just in the U.S. to name a few, including cable networks MSNBC, Bravo and the SyFy Channel. Apart from consumer appliances market, it is also characterized by huge involvement in banking, insurance, and defense industries. However as I was reading through many sites, they all stated that this is just a way for these companies to make more and more money. This is shown to be very true in the picture below, it shows that in the 1980’s 90% of the media was owned by 50 companies, while now only 6 companies own 90%. In the 1980s, as a means of increasing profits, many large corporations sought out to
expand their business portfolios by diversifying into new business enterprises. One strategy used by some large organizations who sought such diversification was to expand into media outlets. (Haggard & Lapoint, 2013)
CBS
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 billion 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. (CBS Network.com)
References
Haggard, C. R., & Lapoint, P. A. (2013). ZBN NEWS: AN EXAMINATION OF ISSUES RELATED TO THE CORPORATE OWNERSHIP OF MEDIA. (). Arden: Jordan Whitney Enterprises, Inc.
hc08obri 