Final answer:
Media consolidation has led to a few conglomerates controlling the majority of content creation and distribution in the media industry.
Step-by-step explanation:
The combined company in question refers to conglomerates that control segments of content creation and distribution in the media industry.
With media consolidation, just a few conglomerates now control the majority of media outlets, resulting in an oligopoly where a few firms dominate the market. In the United States, five companies—Comcast, Disney Corporation, Time Warner, CBS, and Viacom— control 90 percent of media outlets.
These conglomerates own various media networks and channels, including ESPN, MTV, Nickelodeon, and HBO, among others. They have substantial control over content production and distribution, making policies that affect all stations and programming under their ownership.