Analysis Essay Example | Topics and Well Written Essays - 2000 words

Analysis - Essay Example People who work in this type of industry are often linked with issues that deal with deception and public manipulation. The release of information is so quick that it tends to become viral affecting people of all ages. Whatever medium that may be whether it is radio, television or print, finding a market is not at all hard since people are always intrigued with what is happening around the world. Media Companies Media Companies earn money basically through the widespread of information. Almost in every household there is a presence of mass media through its mediums like the television, newspapers, magazines, computers or even cellular phones. Clearly this shows the attachment of the following mediums to the people’s everyday lives. The thing that is common between the media companies and other types of businesses is that they spend money to create or buy products that will eventually let them earn profit. Many people will gain benefit from it including those who are seeking jo bs and hoping to work in media companies. A lot of risks are present when a media company releases something new to the public. There is for example rejection, people’s lack of interests to the advertised product or services, the spreading of the wrong information that may lead to law suits or the issues that might be thrown by the competitors to try to damage the leading companies’ reputation. A lot of controversies are thrown to the media industry, despite of this it continues to prosper. This is certainly because of its main asset which is information. There may be some negative issues but that does not mean that all media companies are up for no good and are just eager to earn. Some companies are committed to give what is due to the public. Top Media Companies in the US and Canada The following are among the top media companies in the United States and Canada, offering products and services such as pay television channels, online and print publications, websites, a dvertisements, and radio programs through its radio stations. There is no question why after all the struggles they have undergone through the years, these companies are now tougher to face new challenges that may come their way. American Media, Inc. American Media Inc. (AMI) is a leading magazine and tabloid newspaper publisher in the US with its Chairman and CEO David Pecker. It reaches up to 54 million of America’s men and woman a month having an over-all circulation of 6.8 million and about 10 million visitors on its online publication with a hundred views per month (â€Å"About Us†). The topics covered by their publications are those that the Americans are obsessed with, mostly on gossips and good health. It also offers sales and marketing services that enable them to have an even distribution of their periodicals on different supermarkets in areas of the US and Canada (â€Å"American Media Inc. Company Profile†). Last November 17, 2010 the company filed fo r Chapter 11 Bankruptcy which according to the United States Court is allowable only to corporations and partnerships who at time of debt, cannot actually pay the creditor due to the small amount of assets that the company owns (â€Å"Reorganization Under the Bankruptcy Code†