CMST 1A03 Lecture Notes - Lecture 8: Externality, Meritocracy, Collegehumor

• School: McMaster University
• Department: Communication Studies
• Course: CMST 1A03
• Professor: Terry Flynn

Document Summary

Groups served by the media: media owners: includes corporations, governments, Western democracies: values freedom of the individual, freedom of the market: but even free markets are controlled to some degree by the government. Historically, the canadian government intervened in its cultural industries. Free markets are now being embrace worldwide, advancements in technology are increasing trade and communication across borders, globalization is changing attitudes towards communities and nations. It is increasingly difficult for governments to control cultural production in a globalizing world. Private corporate ownership: free markets self- regulate through rates of supply and demand. In contemporary economies, corporate monopolies dominate the market and squeeze out smaller players: governments also intervene in economic processes. Media is biased towards works with commercial power and biased against works that have minority tastes, cultural value, or are intellectually challenging. Media producers make decisions for audiences, often leaving out works about minority groups. Economism: cultural production as a commercial enterprise.