Apple’s iTunes Would Be One of World’s Biggest Media Companies

Google, Facebook and even Yahoo have been hailed as visionary companies that aren’t just disrupting old media, they’re replacing it. That conjecture hasn’t applied as readily to Apple, which after all deals in high-end hardware, not eyeballs or advertising.

A closer look, however, reveals that Apple not only has a significant media business, it’s bigger than most major media companies — and possibly at their expense.

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