Media concentration / Conglomerates = this is a company which owns numerous companies involved in the distribution of mass media enterprises. An example of a conglomerate is the BBC.
Globalisation (in terms of media ownership) = this is the world wide integration of media through the cross-cultural exchange of ideas.
Vertical Integration & Horizontal Integration
Horizontal integration is the process that a company or an institution uses to increase the production of goods.
vertical integration is when a company integrates multiple stages of a production line to a small number of production units.
Gatekeepers = Media organisations that filter information to the public
Regulation / Deregulation = A regulation is a law, or a rule that is put in place by an authority and
deregulation is the opposite – it is when you remove rules, procedures and laws from a certain industry.
Free market vs Monopolies & Mergers = The free market is an economic system which is based on supply and demand that has very little or no government control whereas a monopoly is when a company dominates a certain sector of an industry.
