Ownership and control - Media Flashcards
ownership
- the ownership and control of the media is becoming more concentrated
- fewer and fewer people own and control media outlets
- audiences are starting to experience a lack of choice and alternative media sources.
- there are seven main factors that have contributed to this decline of choice.
Reasons one and two
concentration of ownership
- the mass media is owned and controlled by a small number of individuals and transnational companies.
Horizontal integration
- large media companies own various types of media.
Reasons three and four
global conglomeration
- this is where media companies operate in the global market. e.g. producing newspapers in many countries
diversification
- this is when companies branch out into new areas to spread their name/products.
Reasons 5 and 6
Vertical integration
- this is where companies want to maximise their profits by controlling all aspects of the industry
technological convergence
- several technologies are put together in one product e.g. smart phones
reason 7
synergy
- media companies sell their products in different formats
- a film will also be a video game, the soundtrack will be released as an album, toys and action figures are manufactured.