TASK
1 – Structure and Ownership of the Media Sector
There are many different types of
sectors in the media industry these are all the ones within it below;
·
Broadcast television -
The TV industry is mainly producing TV programs on big Commercial channels such
as ITV, Channel 4 and & MTV.
·
Radio - The radio
sector and industry is for any companies or public service providers who
are involved with the broadcast of radio stations
·
Film - The film
industry is one of the main sectors of the media industry, which is purely
focused on film and creating films.
·
Animation - Some
animation industry include big names like, nickelodeon, Disney and cartoon
network. It is the technique of making a drawing move by creating very similar
drawings of it moving slow each step at a time, it therefor creates the
illusion that it is moving.
·
Advertising -
Advertising sectors is involved with all the other media sector and is
·
Corporate production -
using film, CD-ROM or DVD formats for training, PR and sales.
·
Interactive media - web
and Internet, off-line multimedia, electronic games and interactive TV.
·
Publishing sectors -
publishing includes a wide range, with there being Newspapers, journalism,
books.
Tv Industry
Private Broadcasting (Commercial)/Independents
Private
broadcasting is funded primarily through advertising and by sponsorships, they
have to be able to create a huge profit to be able to comply and impress the
shareholders within the companies. An example of the private broadcasting
company would be ITV, MTV etc. They aren’t run by government or taxes and also
don’t have people paying for TV license where as the public broadcasting
example would be BBC owned by the government. ITV only have media focuses in the TV Broadcasting sector, ITV have vertical integration by creative departments at the top following down into the itv studios and then broadcasted through the ITV channels, itv 2, itv 3. Shares among the ITV were the worst despite rising in profit, shareholders were 10p a share, which was a itself a 28% increase on last year’s payout. Itv have had a lot of merges and takeovers the years and have just joined in a merge, the earliest merge was between carlton and Granada in 1993. The most recent merge in the ITV studios was on the 19th August purchased UTV for £100m. ITV make their income from Tv programmes and merchandise from different TV programs they produce, as well as hosting the euros and the world cup every 2 years this then makes a huge income of money due to the tournaments being so huge. ITV have different product of diversity on their channels with all channels covering different show types and genres, they have a huge following through their soap programmes and reality as well as live TV shows including Jeremy Kyle. They even have programmes for music & sport. *ITV yearly profit is 466 million pounds which was an increase from the year before. ITV had to announce a huge slash of series to save money as their yearly profit would be below par a quote from an old news article read this;
Archie Norman - Chairman
Adam Crozier - Chief Executive
Ian Griffiths - Group Finance Director
Andy Haste - Senior Independent Director
John Ormerod - Non - executive Director
Roger Faxon - Non - executive Director
Sir Peter Bazalgette - Non - executive Director
Mary Harris - Non - executive Director
Anna Manz - Non - executive Director
'ITV, which has made no secret of its financial problems in recent months, faces substantial debts and has a pensions deficit.' How they planned to reduce the financial problems they were suffering was to make huge and drastic cuts to save the company. ITV's organisational objectives are to make a huge income and also grow their TV shows which overall will grow their business and income annually. ITV have several competitors domestically including Channel 4, MTV, Channel 5. ITV have different target audience for the different channels and times some examples are itv 1 8-10pm adults, 7-9 am are for children before schools.
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License & Franchise
This an example of the different franchies all other the country including, yorkshire, tyneside and london. It shows that ITV is a domestic and how big of a TV company it is.
https://en.wikipedia.org/wiki/Category:ITV_franchisees
https://en.wikipedia.org/wiki/Category:ITV_franchisees
Board and Directors
Archie Norman - Chairman
Adam Crozier - Chief Executive
Ian Griffiths - Group Finance Director
Andy Haste - Senior Independent Director
John Ormerod - Non - executive Director
Roger Faxon - Non - executive Director
Sir Peter Bazalgette - Non - executive Director
Mary Harris - Non - executive Director
Anna Manz - Non - executive Director
This is all the directors involved at the ITV
http://ar2014.itvplc.com/governance/board-of-directors
* http://www.bbc.co.uk/news/business-35704466
Public Service Media
Public
service media is media companies owned by the government and which are run for
the public paid from the public and what they are paying for is the TV license.
What they are paying for is no advertising adverts on that channel and for the
channel to educate, inform and display different ways to help the audience
watching. This TV channel is BBC, which is run to help and show unbiased views
to the audience to improve democracy as well not run the TV channel for a
profit. BBC have cross media diversification as they cover in lots of media aspect including radio, TV, internet pages, podcasts etc. BBC are a vertically integrated company as all their TV shows come from one company. BBC make their income from Tv programmes and merchandise from different TV programs they produce as well being run by the government people pay TV license which is then given to them from the government, as well as hosting the euros and the world cup every 2 years this then makes a huge income of money due to the tournaments being so huge. BBC have different product of diversity on their channels with all channels covering different show types and genres, they have a huge following through their soap programmes and reality as well as live TV shows including the One show. They even have programmes for music & sport as well have a huge following on their sport websites including BBC sport. BBC spends less than half its cash on programmes: Critics demand inquiry into 'staggering' waste as it's revealed £230,000 of licence fee money was spent on TEA. **Just £2.4billion of BBC's £5.1billion annual budget went on programmes. Organisational objectives for the BBC is to get people to continue to keep watching their programs and using their website therefor having people keep buying TV licensee for their company to be run by the government. BBC main competitors are Channel 4 who are on the public service in media and itv who are one of the biggest TV companies in the UK who are their main competitors when fighting out for all sort of deals including football rights. Customers are of course people in the UK who watch both itv and BBC so the BBC try recreate programs and win the most rights for people to watch their channel.
This is a photo of all the programs and radio stations at BBC, as you can see they cover all types of genre and age groups, from the CBBC to BBC parliament.
Directors Of BBC
This is a photo of all the programs and radio stations at BBC, as you can see they cover all types of genre and age groups, from the CBBC to BBC parliament.
Directors Of BBC
This is a photo of all the board directors involved at the BBC
http://www.bbc.co.uk/corporate2/insidethebbc/managementstructure/seniormanagement
Multinationals/ Conglomerates
Multinationals
companies are companies that operate in several different countries across the
world. They are massive companies with a huge income and wealth an example of
this would be News Corporation. A
conglomerate is a corporation that is made up of a lot of different businesses.
The conglomerate holds the majority stake in all of its businesses that operate
separately. Media conglomerate often own many different newspapers and TV
Channels. The biggest example of
Conglomerates is News Corporation. They cover 3 different diversification in media including TV, Publishing, as well as posting papers on their websites. Television, Direct Broadcast Satellite Television, Publishing and Other. With such a wide variety of production and distribution companies within News Corporation such as Fox Filmed Entertainment, vertical integration is a major part of the mega-media conglomerate. This is written on their website as well them having horizontal integration they have multitude of companies in TV, radio and cyber industries. You can be apart of the share holders and you can make shares into the companies as they have a big say in the cooperation. The most recent mergers in the companies were between News Cooperation and Fox news. News Corporation get their sources of income from selling their products like newspaper and get people to read their articles on the web as well have big companies involved within the company including Fox they gain a percentage from FOX news income. ***The income of News cooperation with a revenue of $33 billion and yearly annual income of $1.179 billion. Scandals were accused in the industry which would have seriously reduce profit, popularity as well as jobs would have been lost. The scandal was actually in the UK which was the news of the world which was closed down due to the phone hacking scandal that was published all over the world. The names are said to include those of British victims of 11 September 2001 terror attacks which were involved in the hackings. Organisational objectives for the News cooperation is to get people to continue to keep watching their programs and using their website therefor increasing their income with news cooperation being such a huge company having shares and deals with nearly the most important papers in the world. Licensee they would have would be having newspapers in different country therefor would need license to sell in that specific country. The customers of News Cooperation are people who read their papers including The Sun or watch the news including Fox sports, they gain a huge following due to covering the most popular papers and TV shows in the US and Uk.
Below shows the product diversity the company has. As you can see it covers a wide range of news papers, Tv shows which is then covering every inch of news
Below shows the product diversity the company has. As you can see it covers a wide range of news papers, Tv shows which is then covering every inch of news
Competitors for News Cooperation
Below shows a photo of all the rivals that the new corporation are fighting against, as you can see there is a lot. So they have to make sure they get the first scoop of news to report so that there business grows and gains more publicity.
http://www.nasdaq.com/symbol/nwsa/competitors
*** https://en.wikipedia.org/wiki/News_Corporation