It is a subsidiary of Press Holdings. David and Frederick Barclay acquired the group in July , after months of intense bidding and lawsuits, from Hollinger Inc. Until June , it was called News International plc.
The group is wholly owned by Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity. So, who owns the news? When it comes to national newspapers, three-quarters of circulation is controlled by four families. Viscount Rothermere, owner of the Mail and Metro , is leader of the pack with Rupert Murdoch is second with 25 per cent of print, plus 54 million website visitors a month to the Sun and Times.
Evgeny Lebedev is third, with 8 per cent of print the London Evening Standard and website visitors of 25 million per month. In fourth position is Frederick Barclay of the Telegraph with 5 per cent of print, and 25 million website visits per month. His twin brother and business partner, David, died last month. For the Fourth Viscount Rothermere, Jonathan Harmsworth, success in the media is a case of rising early, working hard and having a great-grandfather who founded the business.
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Share: Facebook Twitter Email Print page. Key features of UK media ownership Some features of media ownership in UK today include: Horizontal integration This is where a media company will expand, often by buying or merging with competitors in a similar section of the market to them.
Media convergence This is where different media corporations join with other companies to offer a product or service. The motives and agendas of newspaper owners and editors, and how they try to influence our understanding of certain events, is important when analysing how newspapers tell stories. Newspapers will also attempt to influence how the public vote in elections, with certain newspapers openly backing specific political parties.
Sometimes it is not facts that are reported but the opinions of journalists and editors. This is known as bias. This is one of the reasons why newspapers are subject to regulation.
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