In order to understand how the media economy has changed with the emergence of digital media, I believe we should first define what the media economy is. We can use Albarran’s definition which explains it as the study of how media firms and industries function across different levels of activity in tandem with other forces through the use of theories, concepts, and principles drawn from macroeconomic and microeconomic perspectives.
There are two main factors that have force the media economy to evolve: the definition of a household and the incredibly quick evolution of technology in the last two decades. First of all, we should acknowledge that the concept of a household has evolved from the traditional nuclear family to include single
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It’s a global trend to see advertising dollars shifting from traditional media to digital outlets like pre-roll videos, pay-per-click ads, blogging, and other countless emerging technologies. As we can see, it’s not only the intellectual part of media economy that has suffered from or taken advantage of the advances in technology but also the infrastructure of these entities.
Technology is advancing at such a rapid pace that most devices are either obsolete or limited in just a few months. This, of course, means that media firms need to be constantly investing in keeping up with the market and the current trends in technology. All these new technologies and outlets have created another big problem for marketers and media companies themselves: an extreme audience fragmentation.
However, this could be an incredible asset if used correctly. Most media firms and marketers now employ more time and resources to determine who their audience really is -this creates a new job market for researchers and strategists- and therefore tailor a message that would appeal to them. In other words, when we previously place a commercial on a broadcast network waiting to hit everyone, now we need to be more careful and when, where, how to place our message to hit the correct target audience and increase their return on investment.
One remarkable achievement of digital
In “Bacon’s Declaration in the Name of the People”, Nathaniel Bacon lists every major offense of Sir William Berkeley, many of which collide with one another to display how the governor’s actions and inactions built upon each other to create turmoil for the people of Virginia. However, Berkeley defends himself and proclaims Bacon a traitor in, “The Declaration and Remonstrance of Sir William Berkeley his most sacred Majesties Governor and Captain Generall of Virginia”. In order to gain the king’s favor, both men write separate declarations, but one has everything to lose while the other has everything to gain.
The course provides an introduction to the most prominent forms of media that influence and impact social, business, political, and popular culture in contemporary America. It explores the unique aspects of each medium as well as interactions across various media that combine to create rich environments for information sharing, entertainment, business, and social interaction in the U.S. and around the world.
Colleen Dillaway is a Sales and Marketing director for Bright House Networks. She has over 15 years of experience managing, public relations, and sales channels. She has crisis-management skills and media relations. She has a history working with ABC, CBS, NBC, and FOX news. Dillaway showed the class commercials for Bright House and explained the approaches that were taken to reach different customers. I will apply the concepts Dillaway used and apply them to our textbook. In chapter 13 Public Relations and Marketing is the main focus. Marketing is the process of researching, creating, refining, and promoting a product or service and distributing that product or service to targeted consumers (pg. 402-3). Public relations are the values-driven management of relationships between an organization and the publics that can affect its success (pg.403). Dillaway had to collect research to better understand how to gain and keep customers. In the process of her research she was also able to better advertise Bright House services as well. For example, Dillaway informed the class how Bright House created a commercial to aim directly at Bakersfield customers in doing this the commercial was filmed here. Chapter 13 also defines advertising as controlled media in an attempt to influence the actions of targeted publics. Going back to the Bakersfield commercial, we can see the that the targeted publics was Bakersfield consumers.
With the advent of information technology, the ways different aspects of life work and operate have changed a great deal. Media has always had a great influence in molding the culture of a society. There was a point of time when television and radio were invented and when computer was invented and there was little connection between the two. Time then travelled fast then through the age of cassettes, records, VCDs, DVDs, flash drive and then the internet. Media also started to go satellite on a massive scale and there came a point of time when media and digital communication systems became closely integrated with one another, opening the dimensions to digital media.
“Media cannot attract audiences; only content has the power to attract and engage an audience…Without great content, media re transient and perishable…The media are nothing more than a transient pipeline.” (p. 27)
There have been so many major developments in the evolution of mass media we now live in a day and age where we are constantly continuously connected. I have greatly always been fascinated by how much things have changed in just fifteen years. Fifteen years ago when I was sixteen and looking for a job. I would have to walk into an establishment and physically fill out a paper application and sometimes get an immediate interview. The other options were to use a news paper to look for jobs. Now just fifteen years later not even a century I can down load an application have my resume uploaded and apply for twenty jobs in a matter of minutes and receive call backs the same day it’s incredible. In the last century we have gone from the radio invention with just sound listening to movies, to black and white TV set, to color TV set to big flat screen TV that can go 3D.
Although what Ashley Hovey spoke about, the industry of technology and media, is not necessarily in line with my professional interests, it is definitely aligned with my recreational interests. Like many millennials, I am an avid watcher of on-demand streaming services like Netflix/Hulu, and an abandon-er of television. With the growing popularity of non-traditional media sources, there has been a mantra amongst millennial news sources that the medium of TV is dying Thus, it was incredibly interesting to hear Ashley’s perspective, as a person who works in TV, on the state of the industry. For one, it was surprising to hear how important advertising revenues are to big companies like Comcast. Although I knew that advertising revenues are high, I did not know that they are Comcast’s #2 source of revenue and in turn, a lot of its initiatives are aimed towards optimizing ad gains.
The television industry is one of the most rapidly changing media industries to date. Its evolution from black and white, to colour, to digital and now three-dimensional viewing, there is nothing slow about its development. Focusing particularly on commercial free-to-air (FTA) television, the FTA television industry plays a critical role in the Australian ecosystem. Due to its free delivery, it generates $3.2 billion per annum in economic and advertising surplus (Venture Consulting, 2015). This is why the value of commercial FTA television to the Australian public remains high whereby FTA television is watched by more than 14 million Australians daily (Free TV Australia, 2014). However, television nowadays is much more than a medium of entertainment and information. It is also used as a method for engaging in social interaction (Morely, 1986, p. 22), and this digital divide of interaction is what harms the television industry. The launch of streaming services not only confronts the traditional ‘linear’ TV format by allowing users to select what they want to watch and when they want it, it also broadens the offering to almost any device (Spooner, 2015). The research methods in the television industry despite its strength as a medium, must however, walk hand in hand with the fast progression of new technology and challenge the rise of digital omnivores.
Kang refers to Jhally (1987) and states, “audiences do not just receive meaning from the advertisement. They constantly recreate it by ‘transferring’ the meaning of one sign to another” (Kang, 981). This is how, Jhally argues, mass media advertising plays the role of a mediator (Kang, 981). Due to the fact that advertising has such a broad reach, influencing “millions of individuals daily”
When most people think of the media they think, various information sources such as magazines, radio, television and the internet. Media not only refers to the means of transmission of what people see, read or hear but also products –television programs, podcasts or news broadcasts.(scott,pg 136)
Client customer service requires PHEAA employees representatives to comply with United States of America laws while providing education career training financial aid loan information advising services in-person or by telephone or by mail correspondence or online education financial aid loan account information services. I am comfortable performing PHEAA customer service work tasks. I have over 15 years experience working with national and government organizations in the USA United States of America. Additionally, my educational training, professional responsibility knowledge, ethics law training, technical technology skills, studies, professional work experiences has prepared me for a PHEAA customer service position, extensive writing, professional
On the other hand, it is explicit that there are some limitations for this proposition, the economic force that drives the industry and establishes profit interest over the social role became a major barrier. However, a second challenge is presented, the possibility of mass media to focus on its social role its arduous due to the economic forces, consumers have
Economism, or vulgar Marxism, is a key feature in explaining the media’s role according to Marx. This is also referred to as the base/superstructure model. In economism, “the economic base of society is seen as determining everything else in the superstructure, including social, political, and intellectual consciousness.” (Marxist Media Theory 1) This maintains that the media is used as the base of society. Society is referred to as the superstructure. Clearly, media shapes society even today. Since consumers rely on the media for information and entertainment, (ex. Television and radio new, magazines, newspapers, Internet), they are shaped by whatever forms of media they chose to be an audience to. The media manipulates everything from popular fashion to the food people consume.
The rapid enhancement of technology in the contemporary society leads the phenomenon called ‘media convergence’. This is a process that developing the interactive communication constantly across multiple media platforms around the globe. Moreover, after human beings entered the twenty-first century, along with the development of digital and network technologies, media convergence patterns have become more mature on account of three major factors – technology, economic and market (Langtry, 2012). Moreover, the technical factor mainly refers to the digital and network technologies bring the interoperability, interchangeability and connectivity of media, so that the media convergence has become a possible and an inevitable. However, Media convergence is not only a simply technological shift but also “alters the relationships between the existing technologies, industries, markets, genres and audiences” (Jenkins, 2004, p.33). Indeed, media convergence is an accommodative process for the “existing media, communication industries and cultures to adapt with new technologies” (Dwyer, 2010, p.2). Along with the technological development, which is integrating the resources of different mediums, this operation of media convergence brings both changes and challenges in the media industry (Thomas, 2011). However, advertising industry is one of the sectors of communications and cultural industry that cannot avoid media convergence. This literature review paper will analyze
The ancient Plautus of Rome once said, “Nothing is more wretched than the mind of a man conscious of guilt.” In 1606 William Shakespeare wrote The Tragedy of Macbeth which tells a story of a valor soldier that is rewarded the title of Thane of Cawdor. Macbeth receives three prophecies from witches that foreshadow his imperial life. In the play, Macbeth goes on a murderous rampage for the throne. Macbeth is about guilt, and it explores the consequences of taking someone’s life.