The Newspaper Industry
Conglomerate - It is a large company which owns smaller companies.
Subsidiary - It is a smaller company owned by a large company.
An example of a newspaper that is a conglomerate is The Times owning The Sunday Times and also Reach plc, which owns a range of newspapers. An example of newspaper subsidiaries are The Times and The Sun owned by News Corp.
The issue of conglomerates owning multiple media companies in different industries is that it gives them more control and power, this links to the theory by Curran and Seaton - Power and Media Industries. This also causes lack of diversity, manipulation and can be uncontrollable compared to the power they have with their influence of their ideologies. This can make other people's ideas and beliefs harder to hear and find and other 'We Media' and other individual producers, which is much more diverse.
The Daily Mirror is owned by Reach plc.
The CEO of Reach plc is Jim Mullen but previously owned by Robert Maxwell.
Reach plc is a conglomerate and its subsidiaries are The Daily Mirror and its subsidiaries, Daily Express, Daily Star and so on.
The Times is owned by News Corp.
The owner of News Corp is Rupert Murdoch.
News Corp is a conglomerate and its subsidiaries are The Times, The Sun, Fox, Sky and their subsidiaries and so on.
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