Conglomerates in the Media Business
Tuesday, May 20, 2003
Five years of reformasi have seen the establishment and bankruptcy of a number of media groups. Conglomerates have begun to enter a sector formerly marked by idealism.
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The mass media has experienced amazing development during the last five years. The wind of freedom that began to blow following the resignation of President Suharto has been the main impetus for these. There was a big jump in the number of print media publications while B.J. Habibie was president. In this early period of transition (1998 - 1999), tabloids topped the list because their production cost was not too high and only a small number o
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