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Christoph Schattleitner
1.582 words
This essay explores the business of media and its conflict between journalisms task to serve the public interest and the capitalistic interest of the media. Multinational conglomerates operate in a free, capitalistic world and therefore global media flows are also governed by their interest in making profit. Firstly, I explain the conflict of the media world, after that I will give two examples of two conglomerates and how their capitalistic interests are appearing.
Christoph Schattleitner
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Disney in form of the ABC is therefor only reporting about their products and cooperated companies, which increases undoubtedly their level of awareness. Of course, all of that can be a coincidence and I cannot prove anything, but it is remarkable that ABC is covering this story whereas other media do not. It seems like good for our own became another news value. F rom an entrepreneurial view that makes sense and there is the possibility to do so. Completely legal.
Christoph Schattleitner
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CONCLUSION
For democracys sake media are demanded to not only make profit. For Multinational conglomerates, which operate in a free market - also known as a capitalistic system this claim can be a contradiction. As shown in the examples, conglomerates can use global media to get a competitive advantage by promoting their own business. You can also name Murdochs Thatcher deal as corruption and his investment in sports team as a fraud in the public. This essay wanted to explore the conflict between the public interest in independent information and the capitalistic interest of multinational conglomerates, which are making global media. It gave a brief introduction to the topic by explaining the dilemma of media business and further mentioning two examples that are showing how capitalistic interest are responsible for global media flows. The topic is very complex, for a fully understanding of how conglomerates work. If more space had provided, I would go more into detail of the biggest five media conglomerates and how their capitalistic interests are influencing global media flows.
BIBLIOGRAPHY
reporter (2010) http://abcnews.go.com/Business/kids-mcdonalds-toyotadisney/story?id=10333145 Arsenault, A. (2011) The Structure and Dynamics of Communication Business Networks in an Era of Convergence Mapping the global networks of the information business in Winseck, D. and Jin, D. (ed.) The Political Economies of Media. London: Bloomsbury Academic, pp. 101-120 Bagdikian, B. (2004) The new media monopoly. Boston: Beacon Press books Baker, E. (2007) Media Concentration and Democracy Why Ownership matters. Cambridge: ABC Cambridge University Press Branston, G. with Stafford, R. (2010) The media students book. Abingdon: Routledge Croteau, D. and Hoynes W. (2006) The Business of Media. United States of America: Pine Forge Press Page 4 of 5
Christoph Schattleitner
Kovach, B. and Rosenstiel, T. (2001) Journalisms first obligation is to tell the truth, Elements of Journalism, 55:2, pp. 10 Nintendo (2013) http://nintendo.wikia.com/wiki/Disney
Christoph Schattleitner
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