"In 2004, Ofcom fundamentally altered the balance of power between British broadcasters and independent production companies with the introduction of new “terms of trade”. This happened pretty invisibly to anyone outside the industry, but the effects were profound.
"Under these terms, indies retained more of their rights – meaning, among other things, that the most successful of them became richer. And the richer they became, the more attractive they were as takeover targets. The results were a weakening of the broadcasters’ budgets and power, and the creation of super-indies. The results were a weakening of broadcasters’ budgets and power, and the creation of super-indies which became ever more dominant suppliers to those broadcasters. These conglomerates of production companies were (and are) themselves sometimes owned by some the world’s biggest media players."
Unintended consequences...
But since the media are our collective eyes and ears, liberty for all must also involve restricting the power of "overmighty subjects" (and non-subjects).
Will tomorrow die? |
READER: PLEASE CLICK THE REACTION BELOW - THANKS!
All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.
No comments:
Post a Comment
Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.