Media Theory Flashcards
limit access to info promoting their own opinion
Media Monopolies
exists when numerous producers supply the same product
competition
1 company dominates the market
monopoly
2 companies dominate the market
duopoly
a few companies dominate the market
oligopoly
Restraint Of Trade
big isn’t always bad—greater economies of scale
hold back innovations, cut price below cost to drive out competition, high entry cost poses as barrier to entry & keep competitors out
Monopolies
funds left over after paying expenses; motivation for owners of profit
profit motive
determines media content
profit
is great in media companies, compromises public service obligation
pressure for profit
largest possible audience through programs w/ broadcast appeal. ex: In 70s network control 90% of audience & was an inexpensive way for advertisers to reach mass-market
traditional media
targets media to a specific audience segment
Narrowcast
communications media changes everything in society
Technological determinism
Theory that what people identify as issues on media coverage. Media determines important issues of the day and tells people what the issues are
ex: If media is full of stories abt problems in public schools, politicians will address education.
Agenda Setting
media executives; control content of media; each media has its own set;
ex: newspaper-editors
tv news- news anchors & assignment editors
recording industry- record company executives
gatekeepers