考博阅读理解.docx

Text1The most noticeable trend among todays media companies is vertical integration (垂直统一管理) , an attempt(尝试) to control several related aspects(方面) of the media business at once, each part helping the other. Besides publishing magazines and books, Time Warner, for example, owns Home Box Office ( HBO), Warner movie studios (摄影棚), various cable TV systems throughout the USA, and CNN as well. The Japanese company Matsushita Owns MCA. Records and Universal Studios and manufactures broadcast production equipment. To describe the financial status ( 财务状态 ) of today’s media is also to talk about acquisitions(获得). The media are buying and selling each other in unprecedented(空前的) numbers and forming media groups to position themselves in the market place to maintain and increase their profits(利润). In 1986, the first time a broadcast network had been sold, two networks were sold that year—ABC and NBC. Media acquisitions have skyrocketed(猛增) since 1980 for two reasons. The first is that most big corporations today are publicly traded companies, which means that their stock is traded on one of the nation’s stock exchanges (股票交易). This makes acquisitions relatively easy. A media company that wants to buy a publicly owned company can buy that companys stock when the stock becomes available(有用的). The open availabilities of stock in these companies means that anybody with enough money can invest in the American media Indus tries, which is exactly how Rupert Murdoch joined the media business.The second reason for the increase in media alliances(联合) is that beginning in 1980, the Federal Communications Commission (FCC) gradually deregulated (解除管制) the broadcast media. Before 1980, for example, the FCC allowed one company to own only five TV stations, five AM radio stations, and five FM radio stations; companies also were required to hold onto a station for three years before the station could be sold. The post-1980 FCC eliminated the three-year rule and raised the number of