Definitions Flashcards
Conglomerate
A large organisation made up of several other businesses
Independent Companies
-Not controlled by a conglomerate
-Usually specify in one type of media
Cross-media Ownership
A media institution that owns two or more media companies that specialise in different media sectors.
Commercial
Makes (or intends to make) a profit
PBS
-Public Service Broadcaster
-Delivers services beneficial to the public interest.
-Their products go beyond entertainment, they usually intend to educate and inform
Joint Venture
-When media companies work on projects with another company for mutual benefits
Vertical Integration
A conglomerate that owns smaller companies so that it can control the production, distribution and consumption of its products.
Horizontal Integration
A media company that owns several businesses of the same value
Synergy
-Increased profit and efficiency as a result of vertical and horizontal promotion and joint ventures.
-Conglomerates are often formed to create synergy and cross promote.
Parent Company
A company that has controlling interest in another company and controls its operations
Sister Company
A company that shares affiliations with another company, they are owned by the same parent company
Holding Company
Doesn’t manufacture or sell anything but owns controlling interest in another company
Subsidiary
Controlled by a holding company
Multinational Broadcaster
Radio and TV that is transmitted internationally e.g the BBC
Media Mogul
Someone who controls a large media enterprise e.g Jeff Bezos