Financial capital's rising power drove media consolidation and homogenization. [causal]
The era of consolidation and homogenization in film, television, and popular music documented in this book is an outcome of the broader political economy and its current material realities. … Because the increasing power of financial capital is so important to the past, present, and future of our political economy, as well as the media system within it, its history is our focus.
XREF: Connects to political economy of media scholarship — theorists like Chomsky/Herman, McChesney, or Ben Bagdikian on media ownership concentration.
Andrew deWaard, Derivative Media, loc. 69