On the recordMay 15, 2003
What people are not aware of is the degree, the number of separate companies that one large corporation owns. Let me start off with an example and go to Viacom. I suspect that most people have never even heard of Viacom. Who is Viacom? What is Viacom? So let me tell the Members a little bit about Viacom. Viacom is a huge multinational corporation that owns TV stations, radio stations, TV networks, and many other media outlets. For example, this is just Viacom, just Viacom. When we turn on CBS network, that is Viacom. We turn on the UPN network, Viacom. MTV, Nickelodeon, TV Land, CMT, TNN, VH1, Showtime, Movie Channel, Sundance Channel, Flick, Black Entertainment, Comedy Central. One would think they are watching different companies. They are not. That is Viacom. They get off the TV now, drive into work, turn on the radio. There are 180 Infinity radio stations owned by Viacom. What about local television stations? We have got the big CBS. What is about the local television stations? They must be locally owned. Wrong.
Source
govinfo.gov




