Tuesday, September 14, 2010
Why does economics drive most media companies?
“The mass media are part of a capitalistic economic system in the United States, dependent almost entirely on finding consumers willing to buy media products.” Economics drive most if not all media companies because without consumers and just the public itself, there would be no media. If no one wants to go see a movie, movie production companies would be in big trouble. If no one wanted to listen to music or buy songs on iTunes, the music production would be in big trouble. If no one wants to read a magazine or newspaper, publishers would be in big trouble. Think about how essential and more common internet and other technologies are becoming above print media. A lot of newspapers and magazines are going down the drain because so many people can access that same information on the computer now, or on their handheld phones and iPods. If there was no one out there to buy a newspaper or magazine, there would be no money to put out towards new issues. The mass media would be nothing without economics; it is a fact.
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