ABSTRACT
The global communication industries have undergone a process of neoliberal transnationalization over the last three decades. As communication industries have expanded geographically through foreign direct investment (FDI) and acquisition, they have reorganized their structures in order to effectively produce and distribute their cultural products and services. From broadcasting to advertising agencies, and from newspaper companies to telecommunications firms, communication industries have sought to mediate increasing globalization of the world economy and culture through M&As. Only 20 years ago, the communication industries achieved limited integration reflecting their relatively small stake in the global industries. However, communication industries have substantially expanded their roles through capital investment, and they have become some of the largest industries in the global deal markets as a result of vertical and horizontal integration. There has been a trend toward the neoliberal globalization of communication services since the mid-1980s. During the 1980s, the politics of neoliberal communication reform took hold in dozens of nations following the U.S. and U.K.
