WHO OWNS THE MEDIA?
Key questions for class:
What is the overall financial model of the media industry?
Who holds the power and how does that impact the individual?
Understanding the economics of media is key to being a media literate citizen. In this class, we will explore how money impacts decision making, concepts of corporate consolidation and media monopolies and look at how social media companies monetize our attention.
Homework due March 3 by 11:59pm
Listen to the 25 minute podcast episode of the NY Times The Daily from December 17, 2020 entitled Should Facebook Be Broken Up?
Answer the following questions:
In 2020, did the F.T.C. have a strong argument that Facebook/Meta is a monopoly?
Does Facebook/Meta have a strong argument as to why they are NOT a monopoly?
In your opinion, should Facebook/Meta be broken up?
Explain your answers using evidence from the podcast.
Your assignment should be 1-2 pages.
Media Literacy (TREM 2160) 