Key words:

• Media concentration / Conglomerates / Globalisation (in terms of media ownership) – Media concentration is a process where progressively fewer individuals or organizations control increasing shares of the mass media. a media conglomerate is a company that owns large numbers of companies in various mass media including television, radio and publishing. Media globalization is the worldwide integration of media through the cross-cultural exchange of ideas, while technological globalization refers to the cross-cultural development and exchange of technology.
• Vertical Integration & Horizontal Integration – Vertical integration is a company that owns different businesses in the same chain of distribution and production.
• Gatekeepers
• Regulation / Deregulation
• Free market vs Monopolies & Mergers

David Hesmondhalgh – Hesmondhalgh is Professor of Media, Music and Culture at the University of Leeds. His interests include the cultural and creative industries, cultural policy, the politics of musical experience, and how ‘cultural platforms’ are transforming media. His books include The Cultural Industries, first published in 2002, described by Herbert et al. in their Media Industry Studies as “a formative text for many who began their research careers at the start of the century” and as “extensively updated to keep pace with the new issues developing in an era of social and internet-distributed media”.