MDSB31 - Media and Institutions Revision

Flashcards based on key concepts from the MDSB31 lecture notes on media and institutions, covering institutional approaches, media economies, SWOT analysis, and the impact of globalization and labor issues in the media sector.

Institutional Approach

How media firms, workers, and industries interact and influence economic activity at various societal levels.

SWOT Analysis

A tool used to identify strengths, weaknesses, opportunities, and threats concerning a business or project.

Informal Media Economies

Unmeasured and unregulated media production and exchange networks existing alongside formal ones.

Binary Approach

Analyzes media production and circulation through strict oppositional categories like formal vs informal or legal vs illegal.

Co-evolution Approach

Argues that formal and informal media sectors are interdependent and constantly evolving, influencing each other.

Spectrum Approach

Conceptualizes media activities along a continuum from fully formal and regulated to completely informal or illicit.

Media Imperialism

The dominance of media systems by powerful countries or corporations, spreading their cultural values and economic interests globally.

Audience Commodification

The process of transforming user attention and interactions on digital platforms into countable data.

Globalization in Media

A key driver of media economy, influenced by multinational corporations, technology, and government policies.

Labor Issues in Media

Concerns regarding precariousness, remuneration, technologically driven changes, and the balance between individual and collective labor rights.