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(Noun) 1. A term used to describe when the media is owned and controlled by a few large corporations. 2. A conspiracy theory, in which, the media conglomerates can limit what you see on TV, hear on the radio and read in newspapers, magazines and books. 3. A SNL skit wrote by Robert Smigel. The skit is a parody to "School Room Rock." This "Conspiracy Theory Rock" is about the media-opoly going on in the US. The skit features GE, Westinghouse, Time warner, Fox, and Disney as the media gaints. It was aired 3/14/1998 on NBC,which is owned by GE, once and it was cut out of all the reruns.
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