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Final

CMN Final Exam Notes.docx

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Department
Communication
Course
CMN1160
Professor
All Professors
Semester
Spring

Description
IntroductiontoMediaStudiesNotesChapter9MediaOwnershipEconomicsCapitalismisaneconomicandpoliticalsysteminwhichacountrystradeandindustryarecontrolledbyprivateownersforprofitratherthanbythestateThissuggeststhatFullycompetitivemarketsperfectinformationasinputsandoutputsofproductionThroughhumanpursuitofrationalselfinterestedbehaviourtheproductionconsumptionandcirculationofgoodswithbemostefficientandprovideforallwantsMarketEconomicsCulturalProductionMonopolySinglefirmdominatesproductionanddistributioninaparticularindustryeitherlocallyornationallyOligopolyHandfulofcompaniesdominateanindustryeitherlocallyornationallyEconomismCulturalproductionasacommercialenterpriseMarketexternalitiesEconomiccostsandbenefitsthatarenotaccountedforbytheimmediatetransactionbetweenbuyerandsellerLimitationsofmarketeconomiesoInabilitytorecognizelongevityofculturalproductsoFailuretosupportinfantindustriesoFailuretorecognizethefullbenefitsofculturalproductionoutsideofimmediatemarketvalueBalancingpublicandprivateinterestsoCanadianBroadcastingActenactscontentregulationsforpublicbroadcastersoIncomeTaxActrestrictsownershipofCanadianmediacompaniestoCanadianmajorityoGovernmentgrantssupportculturalindustriesCanadianMediaMarketStrengthsoRelativelyaffluenttechnologicallysophisticatedChallengesoSmallpopulationproximitytotheUSFrenchlanguageconcernsoAccessinginfluencingworldmediamarketsCanadaoRecordofgovernmentinterventionintheculturalsphereChallengesoRiseofneoliberalismInvisiblehandofmarketthroughpursuitofselfinterestcollectivegoodwillbefoundoGlobalizationoMediaconvergenceconglomerationoConcentrationofownership
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