Important Changes that Have taken Place in the Media Economy in Recent


What important changes have taken place in the media economy in recent 2. What resources do media organizations draw upon? 3. What is the rationale for state intervention in the cultural economy? 4. What are market externalities and how are they pertinent to the discussion externality 5. What are the principal distinctions between public and private forms of ow 6? Name three forms that private ownership of the media can assume. 7. What is media convergence, and what does it imply for media content? 8. What does it mean to say media “sell audiences to advertisers”?? 9? In what ways is the current labor market precarious” for media workers? 10. What is media democratization and what forms can it take?

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