Digital Convergence
-:- - Intersection of:
o digital format (writing, sound, pictures)
o media technologies with computers (books, tv)
o corporations that deal with these situations (Disney, Apple)
o social processes that deal with these (news, education, entertainment
- Allows for the c...
- Marginal costs for manufactured copies, "no" cost when digital
Economies of Scale
✓ -:- - When a large firm can produce a lot of units at a low cost when smaller firms
cannot compete
- Result when unit costs go down as production quantities increase (definition from book)
Vertical & Horizontal integration
✓ -:- - Vertical- When a company with the same owner handles different aspects of a
business (within the same industry), such as film production and distribution
- Horizontal- The concentration of ownership by acquiring companies that are all the same
business
Cross-Ownership
✓ -:- - When one firm owns different media outlets in the same area to limit/control
competition (i.g clear channel)
Monopoly, Oligopoly, & Duopoly
4|Page | Grade A+| 2024/2025
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R256,55. You're not tied to anything after your purchase.