What Makes Mainstream Media Mainstream?: Media, Political Economy and Communication (UPDATED)

Source: Frugal dad (Find full image size infographic here)

An up-to-date infographic on media consolidation. Use this to think through the issues of consumer sovereignty, the illusion of the market as democratic regulator, the media's role in democracy and its social function, etc. as well as the issues raised by Herman and Curran and our discussions in class.

Also, what makes mainstream media mainstream? How does this prevent the media from fulfilling the social roles that liberal democratic theory assigns to it?

Noam Chomsky, What Makes Mainstream Media Mainstream
James Curran, Mass Media and Democracy Revisited
Eric Alterman, What Liberal Media?
Ed Herman, Media in the US Political Economy

David Croteau & William Hoynes, "The New Media Giants: Changing Industry Structure"

Media, Culture and Society: Chapter 1 + Chapter 2

Updated Ownership Chart from WSJ in July 2014