Media studies key words

Conglomerate

A very large organisation that owns different types of media company

Diversification

Where a media company moves from producing one type of product to creating different media forms

Vertical integration

Where one organisation owns more than one stage of the industrial process of media product creation

Convergence

Making a product available across different platforms, in order to reach different audiences

Government funded

A product that is financed by government money

Not for profit

Products that are made for a reason other than to make money

Commercial model

Companies producing products in order to make a profit, often funded by advertising

Regulation

The monitoring/ control of media industries by independent organisations