Economics drive media companies because of the profit-driven capitalist system that it resonates in. This can be clearly seen by the drop in our economy and how it reflects upon the media companies. Media companies survive mostly on advertisements have it be airtime, billboards, commercials, or magazines and with out these they won’t survive as prominently as they have in the past.
The biggest downfall to media companies has been the ever-changing ways of media usage. We are able to read the papers online instead of buying one from news stand and are able to read magazine articles online without having to subscribe to the magazine. The Internet is pulling our media in a whole other direction starving the industry from money.
With our previously discussed technology dependent society, the ways of media are affected directly. Since technology is changing rapidly, media companies need to be changing rapidly as well to find ways to obtain money from different sources as well have it be through taxation like other countries or simply through limiting the amount of media available to the public for free. Economics and media companies go hand in hand and the companies benefit from the demand of the people. Without the demand for certain media, the media companies are out of luck.
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