advantages and disadvantages of media conglomeration

Series. A viewer can pursue a topic on the internet about which they saw a news report, such as new stock offering, so the TV programming does not need to spend extensive time covering it. Conglomerate firms often have greater access to capital markets and can spread research and development costs over a larger number of businesses. Two final aspects of media convergence are organic convergence and global convergence. Potato chips might be the first product offered by a food conglomerate. Media consolidation refers to a trend in which a single company or corporation owns multiple media outlets in a given market (area of distribution or transmission). One of the most important disadvantages is that they can be very complex and difficult to manage. 84 lessons. There are two parts of the credit agreement, the 8-year term loan and the penny warrants. The mechanism of the multi-agency is mainly oriented with the three segments; they are multi-agency working, improving the services and positive outcomes for the children and related group. Though many positive attributes exist in the media, there are inevitably negatives as well. Economists warn that conglomerates may become too big to function properly. The working in partnership the key element of multi-agency, therefore the working of the multi-agency is faces variety of changes, however the perspectives and approach of the agency is supported by the government to enhance social condition, education and health facilities (Atkinson, 2005). Media has very important roles to play in democracy such as; projecting the problems of the people to the public, and protecting the fundamental rights given in a Constitution. Fake news, increased surveillance, and even political instability have been tied to transformations in the media content landscape. Mass media can be divided into two categories, which is the print media include like newspaper, magazines, and books. But along with conglomeration come many advantages and disadvantages. Consumers' choice & minimal government control. Advantages 1. Hedges states, It is the electronic image that informs and defines us. Management's attention can be drawn thin due to layers of management to every conglomerate company. While MEG's broadcasting decreased 17% and digital media increased 8%, its newspaper was down 43%. These subsidiaries include Ferrari, Maserati, and Fiat Chrysler Automobiles. Doing so may also assist the parent company to save money on operational costs while at the same time requiring less manpower. Media corporations often employ multiple media formats, such as TV, print and the internet to enhance their offerings. This has made many daily tasks easier for people, such as looking up a recipe or getting directions for a trip. These services have drastically changed the kind of media that people view and diversified and democratized the base of people producing this media. Another disadvantage of conglomerates is that they may be less efficient than companies that are not conglomerates. Conglomeration: The process by which a conglomerate is created, as when a parent company begins to acquire subsidiaries. Taking a look at the different Why Does Economics Drive Most Media Companies? One obvious difference is that ownership and control are separated, and the primary objective of those who control these companies is to maximize returns to investors. This is because diversity reduces risk, not only for unforeseen events, such as particularly adverse conditions in one sector or unexpected bankruptcy in one company, but also in the differing effects of the business cycle on individual businesses. Deregulation refers to government deregulation over these companies' size and functions. This has lead to a proliferation of bias across the many media companies in existence today. Technological convergence is also sometimes referred to as digital device convergence. Smartphones combine numerous technologies which used to be available on separate devices: a computer, a watch, an alarm clock, a GPS, a newspaper, a credit card, etc. As a result, they have transferred a considerable amount of their delivery channels from print to online format. Some of the ways through which companies conglomerate are-. It has become a major factor in the society as people are depending on it to accomplish specific tasks. There are very important opportunities that can be exploited, to increase shareholder value. Newspaper firms have started to search for online delivery channels so as to retain the young readers. Excessive commercialization. Advantages And Disadvantages Of Media Conglomeration, These policies coupled with the economic stream policies, namely Privatisation, Malaysia Incorporated, Look East Policy and Multimedia Super Corridor project, have eventually produced benefits and drawbacks for the nation. Mass Media is refers to every medium or source which is used to connect and communicate with a large number of people at once. These structures can create a capital market within the group to allow growth of the conglomerate. At its worst, its a way for a tiny minority to seize power over the vast majority. The whole is often worth less than the sum of its parts. Totalitarian regimes have used mass media for nearly a century to control what their people believe. factions can be small and others can be big, but each one is different. Lack of focus, and inability to manage unrelated businesses equally well. Another essential aspect of cultural convergence is the widespread use of social media. The main objective of this research paper is to identify the working process and to recognize the challenges in the working mechanism. This includes television, radio, advertising, movies, internet, newspapers, and magazines. A multinational conglomerate can benefit from economies of scale and from the ability to operate in multiple markets. They also benefit from synergies between its subsidiaries to gain access to new markets and technologies. For example, schools are using these technologies as an alternative way of teaching students. I.,& Santa, M., (2014). The state of global mass communication today can be identified through a discussion of key concepts at play. Healthy market based competition is absent leading to slower innovation and increased prices. Diversification results in a reduction of investment risk. How do you know what youre seeing or hearing from mass media is true? lessons in math, English, science, history, and more. Please use our International Form if you live outside of the U.S. Walden University is a member of Adtalem Global Education, Inc. www.adtalem.com, Walden University is certified to operate by SCHEV. Cultural convergence is the way in which cultural output is affected by these developments, such as through trans-media storytelling and social media use. The positive and negative aspects of deregulation, Conglomeration advantages and disadvantages, Conglomeration with TV and Movie Industry, Conglomeration changes in the TV and movie industries, Deregulation Changing the Industry for the Better. Each subsidiary business operates independently from the other divisions in the conglomerate, but the managers of those subsidiaries report to the senior management team at the parent firm that is responsible for overseeing the various businesses and making sure they are all performing well. Audiences are seen as capable of manipulating the media in an infinite variety of ways according to their prior needs and dispositions and as having access to what Halloran calls 'the plural values of society ' enabling them to 'conform, accommodate or. In particular, you should consider earning a BS in Communication. Conglomerates can also be created through mergers, which occur when two companies of approximately equal size combine to form a new company. In 1962, the dispatch of a satellite offered access to overall news. A conglomerate may keep its poorly performing units for the purposes of diversification, but in doing so, these poor performers may dampen the performance of its more successful parts. Bagdikian writes of the conglomeration effect stating that "the awesome power of the contemporary mass media has in one generation been a major factor in reversing the country's progressive political, social and economic momentum of the twentieth century." (pg. Economic convergence refers to the economic strategies (digitalization, conglomeration, deregulation) which occur in response to the advent of these new technologies. 3. For example, smartphones can do the jobs which newspapers, GPS's, and telephones used to accomplish separately. 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Riley College of Education and Human Sciences, College of Health Sciences and Public Policy, College of Psychology and Community Services. The involvement of ranges of professionals in an integrated way provides a strong platform which helps to attain a positive outcome for the young generation and the children. Advantages: Due to diversification, conglomerates can reduce their investment risk. The theory of synergy is often used to explain the benefits of conglomerate structures. The societies rely on mass media for information, entertainments and even communications. A , 2012) It acts as powerful agents of socialization by transmitting societys cultural heritage and its basic system of norms and values. In a May 2003 article appearing on the Heritage Foundation, James Gattuso - a senior research fellow in regulatory policy - reports that the ability to own multiple television stations, for example, allows the owners to provide programming for niche markets on the different stations. succeed. Accounting disclosure is less useful information, many numbers are disclosed grouped, rather than separately for each business.

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