Will You Be on Our Board of Directors? We Need Help: Media Corporations, Environmental Change, and Resource Dependency Theory

Over the last two decades, media companies have faced profound environmental changes, including corporate consolidation and media convergence. Research in other industries has shown that corporations facing environmental changes often respond by altering the composition of their board of directors. This article, using a twenty-year longitudinal study of seventeen corporations, found that to some degree, media companies use their boards to gain access to resources, including financial capital and industry knowledge, to deal with environmental change.