The digital revolution is transforming media and communications industries worldwide, and media companies are keen to emerge at the forefront of an increasingly transnational and competitive communications marketplace. However, the volume and scale of mergers and alliances involving media players has raised considerable challenges for regulators and state authorities alike.
Chapter 4: Monomedia Expansion
It is widely assumed that large and diversified media firms are more efficient than smaller ones. This assumption has been central to the industrial case, argued successfully in many European countries over recent years, in favour of liberalizing media ownership policies. But relatively little research has been ...