In the early days of radio, the growth of broadcast news depended on breaking the newspapers' exclusive access to news reports from private telegraph wire services. This breakthrough was finally achieved in the early 1930s. In the early days of filmmaking, ownership was concentrated in as few as five dominant companies. As these giant studios came to control the supply of films, they created a system of economic near-monopoly known as an oligopoly. This pattern also occurred in other media industries.
News is now big business.
The Hutchins Commission - During the 1940s, the Hutchins Commission looked at the social role and responsibilities of the press. B. Government and press - After World War II, the relationship between the press and government becomes increasingly adversarial. The Cold War era brought new social and political pressures on the U.S. media to promote democratic values as well as opposition to Communism. The advent of television in the 1950s forced print media, radio, and film to rethink their approaches to news and entertainment. As a new medium develops, the definitional lines of all media are altered.