- published: 08 Jul 2014
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A media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet. Media conglomerates strive for policies that facilitate their control of the markets across the globe.
According to the 2011 Fortune 500 list, The Walt Disney Company is America's largest media conglomerate in terms of revenue, with News Corporation, Time Warner, CBS Corporation and Viacom completing the top 5. Other major players are NBCUniversal, and Sony Corporation of America.
A conglomerate is, by definition, a large company that consists of divisions of seemingly unrelated businesses.
It is questionable whether media companies are unrelated, as of 2007[update]. The trend has been strongly for the sharing of various kinds of content (news, film and video, music for example). The media sector is tending to consolidate, and formerly diversified companies may appear less so as a result. Therefore, the term media group may also be applied, however it has not so far replaced the more traditional term.[citation needed]
Steve Tappin (born Harrogate 5 September 1966) is a CEO confidant for the leaders of some of the world's leading companies, the CEO of Xinfu and author of The Secrets of CEOs.
Tappin began his career with the chemical giant ICI. After he left, Tappin was mentored by Sir John Harvey-Jones. He has spent his career either as a CEO hmself or as a managing partner in a number of global professional service firms. Once such business he founded was edengene, a growth and corporate venturing consulting firm. Under Tappin's leadership, edengene won "Best Small Firm" and the "Gold Medal award for client work" from the Management Consultancies Association.
Tappin is a CEO coach and a personal confidant for many of the CEOs from the world's top companies. He is actively involved in many of the top performing global businesses such as Virgin, Deloitte, RSA and Bain Capital. He is also working with CEOs from some of the leading Chinese and Indian businsses applying The Secrets of CEOs. He regularly visits China and is writing a new book about Chinese CEOs, Dream Corporations, Dream Leaders, Dream life, which will be published by Beijing University Press.[citation needed]