MODULE 9- Opportunities, Challenges and Power of Media and Information Flashcards
The economics of media can be explained in the simple equation ___
Ratings = Revenues
Is a colloquial term for AUDIENCE MEASUREMENT that influences timing,
placements, and markets for media content and advertising. (Balnaves,
O’Regan, & Goldsmith, 2011). It also DETERMINE THE NUMBER OF PEOPLE who
watches, listens to or reads a particular media content.
Ratings
It is the INCOME GENERATED from the sale of goods or services, or any other use of capital or assets, associated with the
main operations of an organization before any costs or expenses are deducted.
Revenues
It is the amount of MONEY BROUGHT BY ADVERTISERS to the media industry.
Revenues
The Philippine MEDIA IS A GREAT ASSET IN THE COUNTRY’S ECONOMY.
The Opportunity
Despite thriving as an industry, the MEDIA REMAINS VULNERABLE TO ECONOMIC THREATS.
The Challenge
It is the UNAUTHORIZED USE OF ANOTHER’S PRODUCTION, invention, or conception especially in infringement of a copyright by the Merriam Webster’s dictionary.
Piracy
Joe Karaganis (2011) explains that the reasons why piracy is
prevalent all over the world are ___, ____, ____
High prices for media goods, low incomes, and cheap digital technologies
ALLOWING ANYONE with access to the internet TO CONTRIBUTE TO THE NETWORK OF INFORMATION RAISES CREDIBILITY AND AUTHENTICITY ISSUES.
Credibility Issues
Oxford bibliographies referred to the ___ as the SIGNIFICANT ALTERATION OF SOCIAL STRUCTURE (persistent networks of
social relationships, where interaction between people or groups has become
routine and repetitive) and cultural patterns (shared ways of living and
thinking).
Social change
Among the first to realize the possible positive applications of the media and
society’s co-dependent relationships were ___ and ___
Daniel Lerner, Wilbur Schramm.
The works ___ and ___ by Daniel Lerner and Wilbur Schramm served as the FOUNDING TEXTS OF DEVELOPMENT COMMUNICATION
according to the University of Pennsylvania
The Passing of Traditional Society,(1958) Mass Media and National Development (1964)
___ uses communication to aid in the development of society.
Development Communication
In the context of THE MEDIA AND POLITICS, what is the opportunity under it?
Freedom of Information Bill
Media and information have the power to sway society’s beliefs and
perceptions. PEOPLE HAVE THE TENDENCY TO RECEIVE DATA FROM THE MEDIA AND ACCEPT IT AS FACT RIGHT AWAY WITHOUT CONDUCTING DUE DILIGENCE
Misleading Information