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Media chapters 3
Vocabulary&concepts
17
Journalism
Undergraduate 1
09/14/2011

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Term
Conglomeration
Definition
Process of companies being brought into common ownership but remaning distinct entities
Term
Cooperative
Definition
An organization owned and run jointly by members that share profits or benefits
Term
Marketplace model
Definition
Supply and demand determines the enterprises the remain in business
Term
Philanthropy
Definition
Generous donation for good causes
Term
Watchdog
Definition
A term for mass media as a monitor of government performance on behalf of citizens
Term
Associated Press
Definition
World's largest news-gathering organization
Term
Micropayment
Definition
A small sum generally billed with related changes, often on a credit card
Term
Oligopoly
Definition
An industry in which a few companies dominate production,distribution.
Term
Postal Act of 1789
Definition
Provided government discounts for mailing newspapers
Term
Postal Act of 1845
Definition
Provided free postal delivery of weeklies
Term
Postal Act of 1879
Definition
Allowed periodicals and books to be mailed at a penny a pound
Term
Underwriting
Definition
On-air acknowledgments of noncommercial broadcast sponsors
Term
Andy Grove
Definition
Theorist on gentrification in industries
Term
Frank Gannett
Definition
Founder of Gannett media corporation
Term
Mary Baker Eddy
Definition
Founded the Christian Science Monitor in 1908
Term
Rupert Murdoch
Definition
A leading and sterotypical media mogul
Term
Steve Jobs
Definition
Cofounder of Apple Computer
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