Media concentration / Conglomerates – Combination of multiple business entities in completely different industries under one corporate group
Globalisation (in terms of media ownership) – Worldwide integration of media through cross-cultural exchange of ideas
Vertical Integration – The combination in one firm of two or more stages of production usually operated by separate firms
Horizontal Integration – The acquisition of a business at the same level of the value chain in a similar or different industry
Gatekeepers – Process where information is filtered for dissemination, whether for publication, broadcasting, internet or some other mode of communication
Regulation – The action or process of regulating or being regulated. Rules enforced by the jurisdiction of law. Principle targets in media are the press, radio and television but could include film, the internet etc
Deregulation – A process in which a government removes controls and rules about how newspapers, television channels and so on are owned and controlled
Free market – Economic system based on supply and demand with little or no government control
Monopolies & Mergers –
Neo-liberalism – Generally used to refer to market-oriented reform policies such as ‘eliminating price controls, deregulating capital markets, lowering trade barriers’ and reducing state influence in the economy, especially through privatisation and austerity
