Media industry is a high-end industry of cultural industry. Western countries entered the party newspaper period after the bourgeois revolution. As a symbol of industrial development, the media industry was followed by the emergence of cheap papers. With capitalism moving from free competition to monopoly, newspaper groups appeared at the end of 19. In the 1920s and 1930s, radio and television appeared one after another. Most western countries have established public broadcasting systems from the beginning, while the United States has implemented private systems from the beginning. As an industry, radio and television has developed rapidly in the United States. Since the 1950s, the voice of privatization of radio and television has become louder and louder. 1953 and 196 1 year, respectively, Britain opened television and radio, allowing privatization, and other western countries also opened private radio and television one after another. Since the 1960s, mixed media groups have emerged in the process of media industrialization. Most newspaper groups have a certain radio and television industry, and radio and television groups also have many paper media. Integrated media group has become the main form of media industry. From 65438 to 0996, the United States amended the telecommunications law, and the news media industry set off a wave of merger with other related industries. Disney Entertainment and ABC merged to form a new group, which is called the second largest media group in the United States and the world, with an annual income of nearly $20 billion. There has also been a wave of mergers and acquisitions between other industries and the news and communication industry in Europe.