Media concentration / Conglomerates – one big company that owns loads more companies
Globalisation (in terms of media ownership) – the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.
Vertical Integration & Horizontal Integration – vertical integration is when one media company owns loads of other smaller companies with the same distribution, horizontal integration is where one media company owns and expands into different areas of one industry
Gatekeepers – someone who controls access to something
Regulation / Deregulation deregulation is the reduction/ elimination of government power in an industry to create more competition within the industry. regulation- guidelines/ laws for media use across the world
Free market vs Monopolies & Mergers free market – little or no government control. monopolies & mergers – a monopoly exists when a specific person or enterprise is the only supplier of a particular thing. a merger is a combination of two things such as companies into one.
Neo-liberalism – the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism and free market capitalism
