What is a media oligopoly?

Answer 1

A media oligopoly refers to a market structure in which a small number of large companies dominate the production and distribution of media content, such as television, radio, newspapers, and online platforms. This concentration of ownership can lead to reduced diversity in viewpoints and content, as these companies may prioritize profit over varied representation. Additionally, it can limit competition, stifle innovation, and create barriers for smaller, independent media outlets. As a result, the public may have fewer choices and less access to diverse opinions.