Media Industry Theory (Mr Buckmaster)

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23/01/18
Power and media industries:
James Curran and Jean Seaton
Key terms:
Monopoly- The exclusive ownership or control of something 
Conglomerate- A large corporation consisting of smaller companies 
Subsidiary- A smaller company owned by a large corporation 

Curran and seaton on monopoly:
“It [extends] their range of businesses and political connections, [increases] their corporations prestige and, through judicious editorial appointments, [contributes] to the maintenance of public opinion favourable to private enterprise”

IT IS ESTENTIAL TO REMEMBER THST CONGLOMORATES ARE PRIMARILY DRIVEN BY THE LOGIC OF PROFIT   AND  POWER 

 Key facts=

  • Having a monopoly means domination of multiple media industries
  • If the focus is on creating profit, generally conglomerates don’t tske the risk with the media products they produce 
  • This often results in limited variety, creativity and quality 

“Anti monopoly media regulation is needed not only to maintain fair competition but also to prevent the distortion of democracy” - James and Jean 

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