Consolidation occurs in most industries as they mature, and the mass media have been no exception.

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As industries mature, they often undergo consolidation, where larger companies acquire smaller ones or merge with equals to reduce competition, achieve economies of scale, and increase market share. This trend has been observed in the mass media industry, where a few large corporations own a significant portion of the media outlets, reflecting the broader pattern of consolidation in mature industries.

Consolidation Occurs in Most Industries as They Mature, and the Mass