convergence and media ownership Flashcards
media convergence
devices coming together
audience fragmentation
audiences breaking apart (we’re not all watching the same 6 channels anymore)
Media concentration of ownership
one company owning a bunch of smaller media outlets
conglomeration
increase in the ownership of media outlets by large nonmedia companies
globalization
speaks to the issue of diversity of expression (large multinational conglomerates are doing the lion’s share of media acquisitions)
horizontal integration
similar companies merging (sprint and verizon)
vertical integration
different types of companies merge (a grocer buys a farm and the steel company controls the iron company)
economies of scale
the larger ur conglomeration becomes, the more efficient u come bc u have lower costs
cost of entry
how hard it is to enter a market
nice/targeted marketing
advertising toward specific/smaller cultural groups
hypo-commercialism
the growth of the amount of advertising, and the mixing of commercial and non-commercial content
product placement
injection of a brand into media
cord-cutting
disconnection of cable media….using streaming services
synergy
media conglomerates’ use of as many channels of delivery as possible
multi-tasking
using multiple media platforms at once