Chapter 3: The Business of Media Flashcards
What are the key points of Demographic indicators?
Age,sex,income, and ethnicity are examples of Demographic indicators
What are demographics?
Demographics are social categories that people frequently get divided into. Others include race and occupation.
A front-page story about a man who bit a dog yesterday afternoon is most likely what kind of news story?
Hard News
What category does hard news fall on?
It falls under the category of unusualness.
An ad that tries to create an image that a new soft drink is “Not your parent soda” belongs to what subgenre of advertisements
Soft sell
What are soft intended to do?
Soft sell ads are more about creating good felling about a product with their intended audiences/
What is vertical integration?
Vertical integration refers to ownership of all three within one medium,such as film or television.
One company controlling the production,distribution, and exhibition aspects for one medium refers to ?
Vertical integration
R&D stands for?
Research and development
How many people are in a focus group?
There are usually 8 to 10 people in a focus group
What is shelf space?
Shelf space is a concept used during the exhibition phase of mass media content.
A subgenre of news that concentrates on an individual’s or an organisation’s point of view is
An editorial
What is hybrid?
Some media texts. are hybrid genres, which means they share the conventions of more than one genre.
Note: make sure to know the demographic indicators
factors such as age, gender, occupation, ethnicity, race, and income
In a media production firm, a worker who has secured a full-time position at a production firm is know as an?
On-staff worker
What does IPO stands for?
In media financing, IPO stands for initial public offering
“If anyone said we were were the radio business, it wouldn’t be someone from our company. We’re not in the business of providing news and information. We’re not in the business of providing well-researched music. We’re simply in the business of selling our customers’s products”
Lowry Mays, Former Clear Channel CEO
Media industries tend to regard people as?
Consumers
The focus on specific audiences segments is called?
Targeting
Demographic indicators include?
factors such as age, gender, occupation, ethnicity, race, and income
Psychographic categories include?
or by categorizing people on the basis of their attitudes,
personality types, or motivations
How do media industries risk by?
Producing media materials aimed at audiences targets
Hiring creators with successful track records.
Conducting production research
Media industries do what?
Construct their audiences.
What is the entertainment formula?
Setting
Typical characters
Patterns of action
What do entertainment formulas usually includes?
Patterns of actions
Entertainment formulas do in a long time?
Evolve over time
What is a good example of a dramedy ?
Orange is the New Black
The big difference between hard news and investigative reporting is that?
Investigative journalist can devote more time to their projects.
An Objective news story is typically characterised by?
The inverted pyramid structure
Being told in the third person
The use of quotes from experts
The big difference between news and information is that?
Information is like raw material
Product placement is what?
Is the paid insertion of products into TV shows and movies.
In Mass media industries, distribution is what?
Is the link between production and exhibition
can mean the difference between a media prodcut’s success of failure
can help secure shelf space
In Mass media industries, the term format describes
The rules that guide a flow of products
Vertical integration?
Is the outcome of consolidation production,distribution, and exhibition.
Consumers are prohibited from reselling computer software by
license agreements
In a dispute over media content, a media-literate person has the option of pressuring
producers
exhibition
advertisers
Mass media content does what?
Moves through a complex process of production,distribution, and exhibition.
Must meet the requirements of investors,advertisers, and targeted audiences.
Is influenced by various kinds of audiences research conduct by media industries.
Advertising revenues?
Are common ways that companies generate revenue for already completed media products.
Media firms determine what content will attract their desired audiences based on?
The content creator track record
Surveys
Focus groups
What do Psychographics attempt to do what?
Physchographics attempt to get into people’s motivations.
A story about which celebrity wore which designer dress on the red carpet of an award of an awards show is an example of?
Soft news
Production in media industries is a?
Collaborative activity
A toy company paying Warner bros. To manufacture a harry potter toys usually pays a
license fee
A student’s purchase of this textbook is an example of
Direct sales
he student gets to keep the textbook. If the student had rented the book, she would have to give it back after a certain time period had passed.
Lifestyle categories
Involve activities that mark potential audiences as different from other audiences
A focus group?
Is an assemblage of eight to 10 carefully chosen people who are asked to discuss their habits and options about one or more topics.
Hybrid genres?
they are mixed genres.
hard news contain elements of what?
conflict
Accuracy in mass media means what?
Reporting factually correct information.
What has the development of technology has done?
The development of digital technology has made deadlines more important in the journalism profession.
What are editiorals?
Editorials are expressions of opinion.
What does the education genre includes.
It includes materials in addition to textbooks.
What do hard-sells ad do?
Hard-sell ads combine information with an intense attempt to get the consumer to purchase he product as soon as possible
What is exhibition?
Is the activity of presenting mass media materials to audiences for viewing or purchase.
What are trade incentives?
Trade incentives have a deep impact in the book industry.
What do investment banks do?
Investment banks sometimes organise syndicates to share the risk and rewards of lending money to media industries.
What are venture capitalist?
Venture capitalists are individuals or companies that invest is that invest i startup or nonpublic firms in the hope that the firms value will increase over time.
What is one platform that pays for media?
Money to pay for already completed media products comes from a variety of sources, including advertising.
Media literacy in This chapter?
An understanding of how media products are distributed adds more to a person media literacy.
What do database do?
Database companies sell information about audiences
What has close many record stores?
A shift in the way that consumers acquire recorded music has resulted in the closing of may record stores.
What do media industries disregard?
Education is a largely profitable genre that media industries generally disregard.
What is Entertainment media?
Entertainment media has a real educational or political point.
What do media practitioners do?
Media practitioners who work in the fields of entertainment, information, and education explore the value of hybrid n order to attract and hold audiences.
Who wrote the quote, “ “If anyone said we were in the radio business, it wouldn’t be someone from our company.
We’re not in the business of providing news and information. We’re not in the business of
providing well-researched music. We’re simply in the business of selling our customers’
products.”
LOWRY MAYS, FORMER CLEAR CHANNEL CEO
What did 2011 communications industry forecast said?
In its 2011 Communications Industry Forecast, consulting firm Veronis Suhler
Stevenson (VSS) estimated that 2010 spending on media in the United States
by companies and individuals was a bit over one trillion dollars
How much do presenting the revenues of the 5 biggest media firms?
As the table notes, these five companies alone
brought in almost $119 billion in 2010
What are audiences?
The people to whom a media product is directed.
What are media practitioners?
The people who select or create the material that a mass media firm
produces, distributes, or exhibits
What are the questions of Media practitioners?
- How should we think about our audience? How should we define our
audience? - Will the material we are thinking of creating, distributing, or
exhibiting to attract that audience generate adequate revenues? - Were the people we thought would be attracted to our products in
fact attracted to our products? Why or why not?
What were the names of the media companies?
1 Comcast Corp Philadelphia, PA 44.9
2 DirecTV El Segundo, CA 22.3
3 Walt Disney Co. Burbank, CA 21.5
4 Time Warner New York, NY 19.9
5 Time Warner Cable
What did the car manufacture care about kaya?
The car manufacturer does care about her age,
her gender, her income, and the kind of car she presently owns because it
believes this information predicts the likelihood that she will buy its brand.
Why do media company care about advertisers?
They get revenue from the advertisers.
First, they have to
create content that will attract audiences. Second, recognizing the importance
of convergence, they have to place the content, or content like it, on a variety
of media—the printed magazine, the magazine’s website, S&B apps for tablets
and smartphones, Facebook pages, Twitter feeds, Instagram photos, and even
brochures for fashion shows that S&B puts on in malls. Third, the S&B
executives also must make sure that the content and the audience it brings in
will be attractive to advertisers on one or several of these media so that
money flows to S&B instead of to its competitors.
What is adequate revenue?
enough cash to allow the enterprise to pay for itself and give the owners
or bankers who put up the money the desired return on their investment
What doe media executives sometimes do to change the audiences that are targeted?
They first ask which audiences advertisers want to reach and then look for
ways to attract those audiences.
What doe executives do to reduce the risk and research.
Through demographics, psychographics, and lifestyle categories.