KEY WORDS

• Media concentration – Ownership is a process whereby progressively fewer individuals or organizations control increasing shares of the mass media.
• Conglomerates – A conglomerate is a corporation that is made up of a number of different, sometimes unrelated businesses.
• Globalisation – Globalization, or globalisation, is the process of interaction and integration among people, companies, and governments worldwide.
• Vertical Integration – the combination in one firm of two or more stages of production normally operated by separate firms.
• Horizontal Integration – Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain.
• Gatekeepers – Gatekeeping is the process through which information is filtered for dissemination, whether for publication, broadcasting, the Internet, or some other mode of communication
• Regulation – Media regulations are rules enforced by the jurisdiction of law. Guidelines for media use differ across the world.
• Deregulation – a process in which a government removes controls and rules about how newspapers, television channels, etc. are owned and controlled
• Free market – The free market is an economic system based on supply and demand with little or no government control.
• Monopolies – A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition
• Merger – a merger or acquisition in which 2 or. more of the undertakings involved

Dave Hesmondhalgh

David Hesmondhalgh is among a range of academics who critically analyse the relationship between media work and the media industry. In his seminal book, The Culture Industries

A critical reflection that highlights the ‘myth-making’ process surrounding the potential digital future for young creatives, setting up a counter-weight against the desire of so many young people who are perhaps too easily seduced to pursue a career in the creative industries. (Hesmondhalgh)

Rupert Murdoch

Media regulation

An example is Rupert Murdoch trying to own all the news industries in the UK. However, according to UK law Rupert Murdoch was only able to own 39% of sky. This can be linked to Noam Chomsky and factoring consent in relation to getting Tony Blair elected for Prime Minister