1.What is a monopoly?
the exclusive possession or control of the Supply or trade in a commodity or service.
2.What is an oligopoly?
A market structure in which a few large firms Dominate a market (Video Games: Nintendo, Sony, Blizzard)
3.What is limited Competition?
Many producers and sellers but only a few Products (radio)
4.What is the difference Between direct payments and indirect payments?
Direct- when a firm buys a product Indirect- When a firm makes money off of ads
5.What is synergy?
Refers to any promotion and sale of different Versions of a media product across the various subsidiaries of a media Conglomerate
6."Regulation by Marketplace"
There's no need for regulation if there exists Enough of an outside competitive force
7.Postmodern media Conglomerate
Disney (owning many types of media, Overarching each other)
8.What is cultural Imperialism? And why should we worry?
When one culture is dominating over local Cultures. This should be a cause for worry as it can lead to a diminishing of Local cultures and producing a "dominate" culture
domination over others (in a cultural sense)
10.What is the only media Activity mentioned in the constitution?
11.What is fake or Satirical journalism?
Journalism that tends to be opinionated and Detached from traditional news (Daily Show, Last Week Tonight)
12.What does it mean That: "News is both a product and a process?"
That the press has both set values but also Shifts in accordance to the times (18th century partisan press, 20th century Informational standards)
13.What are the 4 Enduring values as explained by Herbert Gans?
Ethnocentrism, responsible capitalism, Small-town pastoralism, and individualism
14.What is Newsworthiness?
information most worthy of transformation into News stories: timeliness, conflict, prominence, human interest, consequences, Usefulness, novelty, deviance, proximity
15.What are some ethical Predicaments of journalism?
Deploying deception, invading privacy, conflict Of interest
16.What is the difference Between accuracy, balance, and fairness?
Accuracy- the accuracy of the facts of the StoryBalance- making sure different viewpoints are representedFairness- Including all the information
17.What is included in The code of ethics as set by the Society of Professional Journalist (SPJ)?
Seek truth and report it, minimize harm, act Independently and be accountable
18.What are the different Guidelines for ethics as provided by Mill and Kant?
Kant- "categorical imperative" universal
Mill- the greatest good for the greatest number of people
19.What is herd Journalism?
When a lot of Journalists are together trying to cover a story
20.What are the Differences in print and tv news?
Print- 60% ads (space), expected to be
TV- 25% ads (time), gains trust form live/on-shot reporting
21.What are sound bites?
snappy reports a part of a TV broadcast, Similar to quotes in print media
22.What is happy talk?
The spontaneous or scripted banter that goes On among local news anchors and reporters before and after news reports
23.Who was Walter Lippman And what did he do?
Wrote Public Opinion, and was the 1st to apply Principles of psychology to journalism
24.What is the difference Of media being a mirror vs a window?
Window- outside looking in