This core textbook examines the economic paradigms at work in media industries and markets, enabling analysis of the media system as a whole. In addition to succinct accounts of neo-classical and critical political economics, this insightful text offers fresh perspectives for understanding media drawn from two 'heterodox' approaches: institutional economics and evolutionary economics. Applying these paradigms to vital topics and case studies, Stuart Cunningham, Terry Flew and Adam Swift stress the value – and limits – of contending economic approaches in understanding how the media operates today. Succinct and accessible, this text is essential reading for all students of media and communication studies, as well as those from economics, policy studies, business studies and marketing backgrounds with an interest in the media.
This volume is an introduction and guide to the concepts and major research literature in the field of media economics. It explores how these concepts (role of the market, market...
Understanding Media Economics offers a stimulating perspective on the contemporary media environment. This book will be an essential purchase for all students of the media and mass communication.
... Spring 1981. Duncan's American Radio LLC, Cincinnati, OH. (accessed February ... 2013. The Infinite Dial 2013. http://www.edisonresearch.com/wp-content ... FM Stations on Commercial FM Radio: Report to Congress Pursuant to Section 8 of ...
This text examines the process of media economics decision making through an exploration of key topics, such as industrial restructuring, regulatory constraints upon media operations, and changing economic value, providing key insights into ...
... Spring 1981. Duncan's American Radio LLC, Cincinnati, OH. (accessed February ... 2013. The Infinite Dial 2013. http://www.edisonresearch.com/wp-content ... FM Stations on Commercial FM Radio: Report to Congress Pursuant to Section 8 of ...
The book spans the large scope of media economics, simultaneously offering in-depth analysis of particular topics, including the economics of why media are important, how media work (including financing sources, institutional settings, and ...
The Lorenz curve. This provides a graphical representation of competition by charting market shares on one axis in comparison to the number of firms on the other axis (Albarran, 2002). The departure from a 45° angle (which would ...
Media Economics: Understanding Markets, Industries and Concepts
Media industries and services present a complex set of challenges to economic analysis: challenges made more difficult by the technological changes that have been transforming the media sector.
This work employs business concepts and analyses to explore the operational activities of media firms and the forces and issues affecting them.