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Media Conglomerates

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Information about Media Conglomerates
Education

Published on February 16, 2009

Author: ProfAlliHost

Source: slideshare.net

Description

The Big Ten media companies have gained considerable criticism during their seemingly endless mission to consolidate all news and entertainment. What are the pros and cons of this business phenomenon? And what does consolidation mean for the stories you may (or may not) be able to write as a journalist? This lecture raises these questions.
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MEDIA CONGLOMERATES WHAT THEY ARE, WHY THEY’RE BAD

WHAT IS A CONGLOMERATE? kuh n-glom-er-it a corporation consisting of a number of subsidiary companies or divisions in a variety of unrelated industries, usually as a result of merger or acquisition.

kuh n-glom-er-it

a corporation consisting of a number of subsidiary companies or divisions in a variety of unrelated industries, usually as a result of merger or acquisition.

What is a moNOPOLY? muh-nop-uh-lee exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.

muh-nop-uh-lee

exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.

The BIG TEN

CONSEQUENCES OF CONGLOMERATES Media become loyal to sponsors, rather than to the public interest. For the general public, there are fewer diverse opinions and voices available. Only a few companies represent the interests of a minority elite control. For minorities and others, fewer opportunities are available for voicing their concerns and reaching the public. Healthy, market-based competition is absent, leading to slower innovation and increased prices.

Media become loyal to sponsors, rather than to the public interest.

For the general public, there are fewer diverse opinions and voices available.

Only a few companies represent the interests of a minority elite control.

For minorities and others, fewer opportunities are available for voicing their concerns and reaching the public.

Healthy, market-based competition is absent, leading to slower innovation and increased prices.

THE NEW MEDIA REVOLUTION Websites, blogs and wikis have democratized the process of information dissemination. This is called citizen journalism or citizen media. Citizen media take audiences out of the traditional media and weaken the role of information professionals.

Websites, blogs and wikis have democratized the process of information dissemination.

This is called citizen journalism or citizen media.

Citizen media take audiences out of the traditional media and weaken the role of information professionals.

WHO OWNS THE BIG CORPORATIONS?

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