Cultural industries – The various companies or businesses who create, distribute and sell products relating to the creative field.
Production – The process of creating and producing media content.
Distribution – The ways in which media content is marketed and advertised to an audience.
Exhibition / Consumption – The showing off of a product to an audience and the general use of a product.
Media concentration – The decreasing amount of different people who own media outlets, concentrating the amount that fewer people own.
Conglomerates – A company which owns multiple sub companies involved with the media industry.
Globalisation (in terms of media ownership) – The processes of production, distribution and consumption and how they operate on a global scale with intertwining cultures.
Cultural imperialism – A theory stating that the Western countries are most prominent in the media world, and that they have a negative impact on the rest of the world by injecting Western views into other areas’ cultures.
Vertical Integration – When companies partake in all three of production, distribution and consumption.
Horizontal Integration – When a company owns all of the ways to achieve one of the cultural industries.
Mergers – Combining two or more things into one.
Monopolies – When a company owns everything there is in a certain field.
Gatekeepers – When choices of media content are restricted to certain options by certain people.
Regulation – a rule or directive made and maintained by an authority.
Deregulation – the removal of regulations or restrictions, especially in a particular industry.
Free market – an economic system in which prices are determined by unrestricted competition between privately owned businesses.
Commodification – the act or fact of turning something into an item that can be bought and sold.
Convergence – a phenomenon involving the interconnection of information and communications technologies, computer networks, and media content.
Diversity – it means understanding that each individual is unique, and recognizing our individual differences
Innovation – the process of not just an “invention” of a new value for journalism, but also the process of implementing this new value in a market or a social setting to make it sustainable.
