In Canada it has been discussed that it is amongst the most concentrated media ownership in the world. Looking on the “web” backs this theory up. In our studies so far it talks about the rise and fall of media conglomerates in Canada. By 1980 there were 3 chains in Canada that owned 67% of the media and that grew to 77% by 1999 and fell to 60% by 2000’s only because of convergence. In 1970’s a senate report on “Mass media” was provided and that there were only 5 cities in which had valid newspaper competition amongst the 11 major cities in Canada. The three biggest newspaper chains Thomson, Southam, and FP control 44.7% of all daily newspaper circulation. The report indicated that a dozen years ago it was 25% and nothing has been done to prevent or work on it. …show more content…
CanWest took over WIC and bought Southam, Quebecor bought Group Videotron (TV network, cable, cell phones). In 2006 the senate gave another report indicating proposed limits for media and the report again never acted on, the concentration of media continued. CTV global media bought chum Ltd. At this point CRTC finally placed some limitations on convergence indicating that companies cannot own all 3 venues - radio, tv, and newspapers. I would like to go a little deeper into a couple one being the Rogers cable of Toronto and the other being Quebecor Group. As far as the economic side of things it was believed to be good from the stand point of government and company as it would provide economic stability by being able to control costs by using one avenue of reporting the news or story and being able to get that information out across a vast array of outlets to the general public. Not only does this create consistency in story it creates a fast avenue of getting the information out to the