Ownership and Control Flashcards
what does concentration of ownership mean?
who owns the media, how much they own and how do they own so much.
what does control mean?
who has the power over media content, the owners, journalists or consumers?
in US media, what did the ownership fall from and to in 1983 and 2004, and what does this show?
1983= 50 corporations
2004= 6 corporations
=this shows that the ownership has significantly decreased, with there only being a few corporations now owning the media
what is media monopoly?
the amount of media corporations own has increased, and so their wealth and power has also increased, they have dominance over others
who came up with the concept of media monopoly?
Bagdikian
in the UK, how many newspapers are there compared to how many people dominate them?
newspapers= 1200
people dominating= 7
describe some of Rupert Mudoch’s ownership?
-co-chairman of Fox Corporation and executive chairman of News Corp
-inherited chain of newspapers
-sold majority of 21st century fox entertainment assets to Walt Disney company for $71.3 billion
what is the Marxist approach on ownership and control?
take a negative approach, they see this as damaging and detrimental to consumers and society
what is the pluralist approach on ownership and control?
take a positive approach and see it as beneficial for both consumers and society as a whole
what are the 5 ways in which marxists say the media concentration has occurred?
1- vertical integration
2- horizontal integration
3- transnational corporations
4- synergy
5- diversification
what is vertical integration?
the process in which media company attempts to control every aspect of their industry
what is horizontal integration?
process in which a company owns a wide range of different media platforms
what is transnational corporations?
companies can operate in several countries with lack of regulation, with many companies becoming global conglomerates (dominate the global media market)
what is synergy?
two-fold process, produce products to promote primary products, as well as using media outlets to promote and sell other media outlets
what is diversification?
media company will diversify from media into other platforms in non-media markets