Cultural industries– the different types of popular media, produces, distributes products in the creative arts generally in favour of popularity.
Production – the making of a form of media.
Distribution – The methods by which media products are delivered to audiences, including the marketing campaign.
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 that owns numerous companies involved in mass media enterprises.
Globalisation- The production, distribution, and consumption of media products on a global scale, facilitating the exchange and diffusion of ideas cross-culturally.
Cultural imperialism– Western nations dominate the media around the world which has a powerful impact
Vertical Integration– When a company does all 3 production, distribution and consumption
Horizontal Integration– When a company only produces.
Mergers– Combining two or more things into one.
Monopolies- concentrated control of major mass communications within a society.
Gate Keepers- is a process by which information is filtered to the public by the media.
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.
Convergence-a phenomenon involving the interconnection of information and communications technologies, computer networks, and media content.
Commodification – Process by which things, services, ideas, and people relations are transformed into objects for sale.
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.