Media in New York City Media in New York City New York City has been called the media capital of the world. The media of New York City are internationally influential and include some of the most important newspapers, largest publishing houses, biggest record companies, and most prolific television studios in the world. It is a major global center for the book and magazine publishing, music, newspaper, and television industries. New York is also the largest media market in North America (followed by Los Angeles, Chicago, and Toronto). Some of the city's media conglomerates include CNN (Turner), the Hearst Corporation, NBCUniversal, CBS, The New York
Concentration of media ownership Concentration of media ownership Concentration of media ownership (also known as media consolidation or media convergence) is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media. Contemporary research demonstrates increasing levels of consolidation, with many media industries already highly concentrated and dominated by a very small number of firms. Globally, large media conglomerates include Bertelsmann (BMG), National Amusements (Viacom Inc. and CBS Corporation), 21st Century Fox Inc (merging with Disney on January 1, 2019), Sony Corporation, Comcast, The Walt Disney Company, AT&T Inc., Turner Broadcasting System, Hearst Communications, MGM Holdings Inc., Grupo Globo (South