“…A second critical stream addresses the implications of media ownership by large and transnational conglomerates under the loosely defined rubrics of media globalization and cultural imperialism (Demers, 1999;Downing, 1996;Hamelink, 1994;Herman & McChesney, 1997;Hollifield, 2001; International Press Institute [IPI], 2004;McPhail, 1987;Schiller, 1976;Thompson, 1997;Tomlinson, 1991) A chief concern identified in the media globalization literature is that increasing consolidation, globalization and deregulation of media conglomerates has been "preparing the way for the inexorable advance of a 'one-dimensional' capitalist culture" (Tomlinson, 1991, p. 120). The aforementioned research streams are situated largely within the context of theories of press roles and functions in society.…”