UK News Ownership
NEWS OWNERSHIP:
Britain has one of the most concentrated media environments in the world; a lot of power in a very small number of owners.
Three companies (News UK (Also called News Corp), Daily Mail Group and Reach) dominate 83% of national newspaper circulation.
In other countries, it'd usually be around eight or seven companies.
When online readers are included, just five companies dominate nearly 80% of the market, these are News Corp, Daily Mail Group, Reach, Guardian, and Telegraph.
This could be a worry since we won't be reading a lot of opinions.
Curran & Seaton: Power without Responsibility
- C&S claims that newspaper owners are all about making money rather than expressing their opinions and making creative products.
- News is still controlled by powerful news organizations who have successfully defended their oligarchy.
OLIGARCHY:
OLIGARCHY IS WHEN A SMALL GROUP DOMINATES THE MARKET
Examples of Oligarchs in news could include Rupert Murdoch (News Corp) or Lord Rothermere (Daily Mail)
Rothermere - A Press Baron / Oligarch: A member of the aristocracy. Press Barons need to be seen in light of changes due to Leveson. (Phone hacking scandals). This includes tighter regulation of the newspaper industry: established IPSO
IPSO - Act Independently from newspapers, hold newspapers to account for their actions.
Leveson Inquiry:
- This examines the ethics of the UK Paper
- If they're following the right procedure
- This was put into action right after the phone hacking scandal
- Before the Leveson Inquiry newspapers were abusing their power, there wasn't many regulations so Newspapers did as they pleased, even behaved illegally.
- Lord Leveson then decided to set up IPSO in 2012
- IPSO - Independent Press Standard Organisation
- IPSO regulates all UK media.
Media Plurality - Range of different voices and opinions.
Hesmondhalgh Theory:
- Hesmondhalgh suggests that the media industry is just all about making money so they stick to the safe side and stay with tried and tested products
- He suggests that newspapers are like any other media product, they don't want to take risks so they carry on following the same formula.
- The pattern they follow is a normal capitalist pattern of increasing concentration and integration
- Cultural production is owned and controlled by a few conglomerates who then vertically integrate across media to reduce risk.
- Vertical Integration means that all aspects of a media business are managed in house; so it's made, marketed and distributed in house.
The Guardian / Scott Trust:
- This was created in 1936 with the aim of securing the editorial independence of The Guardian.
- The Guardian opted out in creating their own independent regulated system so they're regulated by IPSO.
- This was due to the fact that they did not want to be associated with newspapers such as The Sun, who were considered to be rogue and unscrupulous for having their own independent regulations.
Does The Scott's Trust support C&S?
Curran and Seaton suggest that newspapers don't take responsibility for what they put out there, for the world to read. Newspapers are more reliant on profit which is irresponsible because journalism should be about telling the truth.
Scott's Trust is evidence that not all newspapers are about profit, that some can be about taking responsibility. The Guardian has liberal values which are reflected in academics, charity workers and filmmakers. The Guardian refuses theory and regulates their own journalism in order to be more responsible. They reject what they consider to be unethical and irresponsible however they do lose a lot of profit/interest while doing so.
Funding Newspapers:
- Traditionally newspapers have made profit from cover price and advertising combined.
- But this has changed, in the digital age.
- Freemium newspapers such as The Metro In London have affected circulation figures.
- Paywalls; for example The Times. This might be a model adopted by other newspapers in the future.
- Sponsored content; in particular The Mail Online
- Synergy and linked products; The Guardian Holidays
The Guardian makes more money online, The Daily Mail and Mail on Sunday do still make profit but this is failing year by year
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