The Best Description of the Ownership Structure of the Media

question 43

Multiple Choice

The best description of the ownership structure of the media in the United States is that

• A)the media are owned by the government.
• B)the media are owned mostly by local companies in the areas served by the media outlets.
• C)most newspapers are held by local companies, but other media are held by corporate titans.
• D)the media are mostly owned by a small number of giant corporations.

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Definitions:

Semiweekly Schedule Depositors

Employers who are required to deposit employment taxes semiweekly based on the schedule determined by the IRS.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act on both employees and employers to fund Social Security and Medicare.

Federal Withholding

The process by which an employer withholds a portion of an employee's income to cover federal income taxes.

COBRA Premium Assistance

COBRA Premium Assistance refers to a subsidy for the health insurance premiums under the Consolidated Omnibus Budget Reconciliation Act, providing temporary continuation of health coverage at group rates.