Players/Big Three Media Ownership

The Ownership Map — Who Owns the News

SEC 13F Forensics

Comcast/NBCUniversal: Vanguard 8.4%, BlackRock 7.2%, State Street 4.1%. Total Big Three: ~19.7%.

Also in Big Three Media Ownership

The Distribution Layer — Platforms Are Also OwnedThe pipe and the water share an owner The Publishing Layer — Books and AcademiaEven the alternatives have the same owner The Advertising Layer — Revenue as Editorial ControlWho pays the bills decides the coverage The Implication — No Independent Fourth EstateStructural capture, not editorial control

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