Defining characteristics of a public corporation

What is a corporation? What are the defining characteristics of a public corporation? What is a conglomerate? What is the difference between a corporation and a conglomerate?
Describe how media conglomerates are organized in the United States. Use an example of one media conglomerate and examine is various parts. How might these parts work together for mutual advantage?
Consider the ethics of media conglomerates. What are the advantages and drawbacks of allowing large conglomerates to control the mass media? What are alternative ways the media can be organized? Would the alternatives be more ethical or virtuous? Explain your reasoning.

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