ownership and control of the media Flashcards
types of media: print
e.g newspapers, magazines
types of media: audio-visual
e.g podcasts, radio, TV, music
types of media: cyber or digital
e.g podcasts, social media
(can’t do without the internet)
3 types of media
print
audio-visual
cyber or digital
concentration
although the number of outlets has increase there has been an increased concentration of ownership into. a few giant corporations
corporation
a business firm which granted separate legal entity from its members
Bagdikian
1992 - 22 companies owned 90% of the media
media companies have become…
more transnational - exist in a number of different countries
become more diverse - have an interest in many different forms of media
become conglomerates - branched into different areas of economic activity
main changes in media ownership (7)
concentration of ownership
vertical integration
horizontal integration
technological convergence
global ownership
conglomeration and diversification
synergy
main changes in media ownership - concentration of ownership
Less companies are owning increasingly larger areas of the media
AO2: in 1983, 50 corporations controlled the majority of news media in USA.
In 1992, 22 companies owned and operated 90% of the mass media
main changes in media ownership - vertical integration
Concentration of ownership in a single medium
AO2: a film company that also owns the cinema chain
main changes in media ownership - horizontal integration
Cross-media ownership
AO2: owns film companies, newspapers etc
main changes in media ownership - technological convergence
Products are available in different forms that can be accessed on one device
AO2: watches, telephones and TV began as separate, unrelated technologies but have converged into an interrelated technology industry.
main changes in media ownership - global ownership
Media organisations operate all around the world
AO2: multinational corporations
main changes in media ownership - conglomeration and diversification
Companies having wide variety of products beside the media
AO2: virgin