Before this lesson, I didn't know what a conglomeration was. Now I know that is is a collection of companies owned by one large company. Conglomerations are a way for companies to earn more money. Conglomeration's main source of income is advertisements and circulation. They also earn money from audience donations, government support, and corporate sponsors.
To help us understand this better, Mr. Miller gave us the example of NPR radio. On this station, you will never hear any advertisements. However, you will many sponsors. This is when the radio hosts say something along the lines of, " This program was supported by...".
Conglomerations sound very advantageous, don't they? This is true, they have a lot of benefits. However, these benefits are for themselves. Conglomerations are more profitable, and are higher quality. However, they also limits the diversity of content and opinions.
Mr. Miller liked to use the Harry Potter reference to explain this. Harry Potter has been produced in almost every medium possible. This is because it is what is making them the most profit. Even though this is great for the people such as myself who love Harry Potter, this is not good for people who don't like it as much.
So overall, conglomerations are much more beneficial to themselves.
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