- Cultural industries
An industrialised culture concerned with producing, reproducing, storing and distributing good - Production
The creation of a piece of media - Distribution
How a piece of media is delivered to masses - Exhibition / Consumption
How media is presented and consumed by the masses of people - Media concentration
The ownership of a piece of media by a number of individuals - Conglomerates
A large company that owns the rights to multiple other company’s that are linked to media - Globalisation (in terms of media ownership)
The worldwide integration of media through the cross-cultural exchange of ideas. - Cultural imperialism
A theory that certain nations have a control over media around the world - Vertical Integration
When media company’s own multiple company’s in the same chain of production - Horizontal Integration
A media company that owns multiple company’s of the same value - Mergers
Acquisitions of a media company by another - Monopolies
When either an individual or a company has complete ownership of a genre or sub-genre of media - Gatekeepers
When people determine who can look at specific pieces of media - Regulation
When certain things are blocked from being published by the media - Deregulation
The idea that there should not be regulations on what media can be posted due to the right of free speech - Free market
A voluntary exchange and the law of supply and demand that provides for the economy - Commodification
The transformation of the relationship, which is trafficked into things that are free of the commercial nature of the relationship. - Convergence
The merging of media technologies and platforms through digitalization and computer networking - Diversity
A diversity of ideas, viewpoints or content opinions on a certain media subject - Innovation
An invention of a new value or idea for journalism
David Hesmondhalgh stats that the media business is a very “Risky Buisiness”. However company’s work towards minimising the risk of the business.
An example of this would be companies acquiring other smaller company’s that are