Impact of Social Media and Media Economics: Monopolies and Oligopolies - Prof. Michael Por, Study notes of Media & Society

Download Impact of Social Media and Media Economics: Monopolies and Oligopolies - Prof. Michael Por and more Study notes Media & Society in PDF only on Docsity! 09/07/2010
Facebook replaces:  Letters  Gossip (face to face)  Phone calls  But it is an important factor of life (for most)  Slide 6
Slide 7  When cell cameras first came out, people were worried about pictures being taken of them unknowticed  People don’t have photo albums much anmymore  If they do, its pictures that have came off the internet, or your phone
Slide 8  You can google anything  What happens when you don’t know how to phrase the question you want answered.. o Whats happening to the way we think, are we phrasing questions in computer mode
Media economics
 Monopolie- one companie that runs the market  Oligopolie- 6 or 7 companies running the market Media Economics 909/07/2010
Monopoly  Local monopolies are more common that national  Why don’t we have monopolies? o Its good for consumers o If there competition, prices will go down  Ex: some would say Microsoft of iPhone is a monopoly, which may not be true, but they definitely have large amounts of power
Oligopoly  Ex: radio stations, cell phone providers, oil companies, car and beer manufacturing  Big news in beer world, anheuser busch was bought out by InBev

Time Warner  Gigantic  Biggest revinue in 2008 over Comcast, nbc, ect.  HBO
Comcast Corp  Cable Walt Disney  Abc  Espn News Corp  Fox  Publishing
NBC  TV
They all exist because of $$$$$