Marxist – Bagdikian suggested that there has been a sharp decrease in the number of owners of media companies… meaning an increase in concentration and power for those few owners.
In 1983, 50 corporations controlled the vast majority of all media in the USA. However, in 1992, 22 companies owned and operated 90% of the media.
•Marie Claire, Woman, Nuts, Country Life, What’s on TV, Elle, FHM – all owned by IPC – part of Time Warner•The UK magazine market is dominated by TWO major companies. 27 million adults read magazines by IPC•