21/03/13 - Structure and Ownership

In the media there are two types of ownership options: Public and private ownership. 

Am example of public ownership (state) is the BBC, it is completely funded by the tax payers and does not have a private owner. An example however of a private ownership is Rupert Murdoch who owns an interest in news corp.

Rupert Murdoch

There are many different types of state ownership around the world, in China the government controls the media, so in a sense it is state owned, this is unlike the BBC though because the BBC is run by a board of governors who have a form of independence although they are hired by the government.

A huge portion of the worlds media sources are publicly/state owned. The differences between Public and state is that public ownership is completely controlled through the public funding and are not partisan towards any set party, where as state ownership is funded by state but is directly controlled by state.

http://aceproject.org/ace-en/topics/me/meb/meb03/meb03a/onePage

http://www.sociology.org.uk/Media_ownership1.pdf

Private ownership is something that is either owned privately by a single person or privately by a group of people, it's where the public have no say and is fully funded by only the parties that hold ownership of the company at hand.

Private owners also have complete control what is shown and when it is shown, people say privately owned companies are more reliable than publicly owned companies, because state ownership means pleasing the public with their demands and wishes, you have more control with private ownership.

• Conglomerate companies are ones that have been combined, usually they're controlled by the parent company, which is a stockholder in the company that has the most control and carries most of the share.
• An MNC (Multinational corporation) is a corporation that is registered in more than one country and operate in said countries.
• Diversification is when they produce a product in a variety of different ways to avoid risking their companies money. They tend to invest a lot in various assets to do the same.
• Voluntary work is where a person willingly works for a company without pay, it's good to add to a CV and some voluntary jobs can lead to full paying jobs.
• Organizational is when a company has organized their products and objectives so their set objective is obtainable.
• Monopolies are a series of different companies that are privately owned by one or more people, see an example of a monopoly above where I talk about Rupert Murdoch.
• Customers are the main target for everything a company does, they are the ones that help the company keep their funding and keep profits coming in by viewing or buying products produced by the companies.
• Franchising is where a company have created a series of different ways in which to sell their products, this is basically what leads to advertising.

-LJ