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73 Cards in this Set

  • Front
  • Back
Differences between Law, Regulation and Ethics
laws and regulations result from formal action by government,

ethics develop thru social interaction and individual reflections
Media law often falls into the following categories
: prior restraint, libel, privacy, information access, political versus commercial speech, indecency, obscenity and business law
Prior restraint
this refers to govt.’s ability to prevent publication of information; disallowed in the US unless there is a “clear and present danger.”
Libel
a false and malicious publication printed for the purpose of defaming a living person [actual loss]
Note that opinion, satire, vulgar abuse cannot be libel. Nor can a dead person be libeled

Note also that it is difficult to prove a case of libel against “public officials” and “public figures”
To prove a case of libel against these people, it must be shown that the media showed a “reckless disregard for the truth”
This consists of “actual malice” and “gross negligence”
This standard was established by the Supreme Court in 1964 in New York Times versus Sullivan
Three areas covered under privacy are
1. Disclosure of embarrassing facts
2. Intrusion upon seclusion or solitude
3. False light

Possible defenses include:
1. The person is a public official or a public figure. 2. private act occurred publicly 3. consent
Note that, unlike in libel, truth is no defense against privacy violation
two phases of the planning process
development and implementation
The following are recommendations for media managers who are introducing change
1. Systematic training and constant reinforcement
2. Brief, informal conversations between managers and people who are expected to adopt– and/or adapt to— new changes


3. Appropriate planning for the daily support systems and infrastructure needed to successfully implement change
3 planning formats
Strategic planning
Intermediate planning
Short-run planning
Strategic planning
allocating resources to achieve the company’s long-term goals; can cover 1 to 10 years, but it’s usually 3 to 5 years
Intermediate planning
provides reinforcement for long-term goals; covers 6 months to 2 years
Short-run planning
allocating resources on a day-to-day or month-to-month basis; a few weeks to 1 year
The vision and mission statements
written for legal and business clarity

encapsulates a company’s long-term goals

derives from the vision statement and changes as the business environment and markets change
Common Characteristics of Planning
1. To assess progress, an organization must set goals related to its vision and mission statements with specific, measurable definitions
2. Every plan involves preparation, i.e., the collection of information about goals and possible alternatives for achieving them
3. All planning includes procedures for executing the plan
the marketing mix
product, place, price and promotion
What is Market Analysis?
defines the opportunities a business has in a particular market or with a particular product and the short- and long-term threats it may face
There are 3 ways to view market analysis
1. as a media manager’s job to scan the environment, 2. as a formal project b4 a company makes a major investment, develops a new product, etc and 3. as a strategic career management process, especially for the personal professional devt of workers, freelancers and independent producers, even interns.
A market is defined by 3 elements
geography, product and investment
The market analysis process involves carefully examining 3 factors
1. external conditions 2. internal conditions 3. financial conditions
In forecasting long-term industry trends, the questions often asked are:
what are the overall trends in the market? Are there new technologies or other factors that may change the market?
Trends in new technology
show that interactive media continue to displace traditional media.
Elasticity of demand is
the relationship between the change in price and change in demand
elastic
When the price of a product increases 1% and the demand for the product decreases by more than 1%, demand for the product
inelastic
When the price of a product increases 1% and the demand for the product decreases by less than 1% the demand for the product
unit elasticity
When the price of a product increases by 1% and the demand decreases by exactly 1%
Ways for people to use media
surveillance: monitor the environment to identify new, useful or interesting information
decision-making: conscious info-seeking
diversion: for entertainment
social-cultural interactions: establish common group for social interactions
self-understanding: improve the ability to manage one’s life
psychological needs: for emotional gratification or release
Factors that can affect a product or a given geographic market are
market structure, nature of target market and the market’s economic and sociological conditions
Market structure
here, managers consider such things as seller concentration, buyer concentration, vertical integration, product differentiation, cost structures and barriers to entry
Seller concentration
measures the number of companies competing in the market
Buyer concentration
that it measures the number of buyers in the market for a given product . For media products, this includes audiences and advertisers
Vertical integration
this is where a company also owns the companies from which it buys supplies. It’s difficult to compete with a vertically integrated company
Product differentiation
measures the difference between the various products competing in the market. Typically, media companies replicate successful products from their competitors because of high uncertainty and high first-copy costs
Cost structure
refers to production costs, and includes fixed (no control) and variable cost (some control)
Fixed costs
the costs incurred in the production of the first unit of a product and about which managers have no control
Variable costs
the costs about which managers have control, such as travel and entertainment budget, editorial allowance, and other day-to-day expenditures
. Barriers to entry
is anything that makes it difficult for a new competitor to enter the market
Three ways of investing
(a) revenue; (b) borrowing; (3) expanding owership
Integrated marketing communications
the process of using promotional tools in a unified way for a synergistic communication effect
8 guidelines for market research
research question, secondary research review, primary research design, data-collection procedure, sampling design, data collection, data processing and analysis, and report writing
There are 5 basic types of applied media
: 1. audience research 2. circulation studies 3. readership studies 4. advertising studies 5. evaluative, formative and summative research
Major issues in business law that media managers should have a knowledge of
antitrust, copyright, and wage and contract laws
Antitrust
antimonopoly law designed to protect trade and commerce from unfair, anti-competitive business practices
Development-phase managers
they say, plan for all steps and actions necessary for creating, testing and packaging an innovation
Implementation-phase managers
make plans for the steps and actions necessary to learn how to use an innovation
A vision statement
encapsulates a company’s long-term goals. This does not usually change even if the business climate changes
A mission statement
derives from the vision statement and changes as the business environment and markets change
From 1998 to 2005 the national average for Persons Using Radio (PURs)
dropped 2%; from 1960 to 2004
n/paper circulation dropped
7%; for TV, the average audience size per channel, per network and per program fell because of the multiplicity of channels
Although Web advertising is rising steadily, between 2004 and 2005
it still trailed behind radio’s $21.5 billion, TV’s $46 billion and newspaper’s $49.5 billion

Within this time period, newspaper advertising grew by 2%, radio was flat and TV lost by 2%
Analyzing internal conditions of
SWOT analysis
Why Managers need to understand research
To identify whether the information/data from a research study for market analysis is of proper nature and quality
To understand the basis steps of a research process and therefore appreciate the relevance of research data to the decision-making process
With the increasing competitiveness and constantly changing technologies of the media industry, research has become central to media management
Media managers typically research on two types of customers:
readers/viewers/listeners and advertisers
way media managers use research is
develop profiles of their audiences to market their space or time to advertisers
Advertising’s role in the marketing mix is
to communicate the value of a brand, product, service or media outlet has to offer to a target segment
Difference between IBP and IMC
IMC is concerned with the central role of communication
IMC: inadequacy of the current media environment
Other options for ad placement apart from the traditional media are: TV screens in airport waiting areas, posters at public events, trade shows, video on demand, etc
coordinated messages must brand-building and communication
Exploratory research is conducted when
a researcher approaches a relatively new topic and little information is available; usually qualitative
Descriptive research, also known as statistical research
describes data and characteristics about the population or phenomenon being studied. Descriptive research answers the questions who, what, where, when and how; usually quantitative
Descriptive research helps identify audience segmenting characteristics
Causal research is used to
create a causal relationship, where one variable affects another. It is difficult, expensive and time-consuming and is often avoided by media managers
Focus group
consists of 8-12 people and facilitated by a trained moderator; info can’t be generalized
Depth interviews
unstructured personal interviews up to 2 hrs to probe a subject’s behavior and feeling
Observation
obtrusive and unobtrusive methods of collecting info about consumers, e.g. tracking Internet user’s surfing behavior
Content analysis
used to describe message composition and content of media
Causal research
laboratory experiments to determine causality
Cost Per Thousand in Advertising
CPM is the cost to deliver 1,000 people or households to an advertiser; it estimates the efficiency of the media in reaching the desired segment
CPMs are used for intermedia and intramedia comparisons
CPMs help ensure that the media plan or schedule is as cost-efficient as possible in reaching the desired audience
A TV rating
is the number of households or persons that watch a TV station divided by all TV households or persons in that market area with a TV set
A share
is the number of households watching a particular program, divided by the total number of households with TV sets actually turned on when the program airs

larger than ratings
Approaches to Technology Adoption
1. Structural approach
2. Technological-Task approach
3. Sociotechnical approach
Stages in the Adoption Process
1. agenda setting
2. matching
3. redefining/restructuring
4. clarifying and
5. routinizing
Agenda setting
when management identifies a need for new technologies that often set their own agenda E.g. satellite newsgathering; technologies set their agenda in the media. e.g. the internet
Matching
the manager matches the agenda with a technology that befits it
Redefining/restructuring
when the manager reorganizes the staff to fit the new technology adopted
Clarifying
how adopters perceive the new technology vis-à-vis their previous work
Five factors that come into play during technology adoption
relative advantage, compatibility, complexibility, triability and observability
Routinizing
when technology takes root and becomes part of the organizational routine