Theorist: James Curran and Jean Seaton

Power in the media industry - James Curran and Jean Seaton

'diversity is in the public interest - the modern societies suffer fro, collective attention deficit disorders [...] the public interest has to work harder to be noticed, and we need agile but resourceful media to do that'

On monopoly: 'it extends their range of business and political connections, increases their corporations prestige and, through judicious editorial appointments, contributes to the maintenance of public opinion favourable to private enterprise'
'anti-monopoly media regulation is needed not only to maintain fair competition but also to prevent the distortion of democracy'

KEY TERMS:

Monopoly = exclusive/dominant ownership/control of something e.g. Stagecoach.

Conglomerate = a large corporation consisting of multiple smaller companies

Subsidiary = a smaller company owned by a larger corporation

Vertical integration = one company buying other companies along the chain

Horizontal integration = one company absorbing another company.

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