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JMSC0101: Principles of Journalism and the News Media . Professor Ying Chan Journalism and Media Studies Centre JMSC0101 Lecture Five, , 2008. Traditional Media and traditional platforms . Television Radio Newsapers. The Future. Convergence Convergence Convergence .

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JMSC0101: Principles of Journalism and the News Media

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Jmsc0101 principles of journalism and the news media l.jpg
JMSC0101:Principles of Journalism and the News Media

Professor Ying Chan

Journalism and Media Studies Centre

JMSC0101

Lecture Five, , 2008


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Traditional Mediaand traditional platforms

  • Television

  • Radio

  • Newsapers


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The Future

Convergence

Convergence

Convergence


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Technology is revolutionizing the media

system from news gathering management,

production to distribution


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Convergence the New World

  • Convergent Media : Print, video, audio, Web, wireless, e-mail, mobile devices

  • Convergence of telecom and media


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Media Mega-trends

Conglomerate ownership replacing Individual

Non-media international and

regional conglomerates

Are major players


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Media: Kinds of Ownership

  • Government /state ownership

  • Private ownership

  • Market ownership

  • Market ownership with private control

  • Non-profit ownership

  • “Independent” ownership


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The Global Big Five

  • Time Warner

  • Disney

  • Bertelsmann

  • Viacom

  • New Corporation (Rupert Murdoch)


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Media Ownership Trends in HK

  • Going corporate

  • Non-media enterprises acquiring media

  • Going global

  • Acquisitions and mergers

  • Greater integration with China


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Corporate and Global

  • The Kerry Group : SCMP

  • Rimbunan Hijau Group: Ming Pao

  • Global China Technology Group (Charles Ho): Sing Tao Daily – HK, US (NYC, SF, LA, Chicago,) Canada ( Vancouver, Toronto) Australia, New Zealand; The Standard

  • Hutchinson: Metro City Radio; HK Cable TV

  • Richard Li, HK Economic Journal


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Forbes #9Li Ka-Shing,

Hutchison Wampoa

/Cheung Kong

Net worth: US$18.8B

Real estate developer, cell phone provider, retailer, major supplier of electricity to Hong Kong

world's largest operator of container terminals.

Tom Group, Metro Channel Radio, HK Cable TV


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Real estate holdings in HK, China

Well-known holdings include Shangri-La hotel chain and Kerry Beverages,

one of the biggest Coca-Cola bottlers in China

interests in sugar trading

South China Morning Post, SCMP.com

Robert Kuok

Malaysia

Kerry HoldingsUS$5.3 B


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Forbes #746

Tiong Hiew King

Rimbunan Hijau Group, Malaysia

Net worth: US1B

Started in 1975 as a timber contractor in Sarawak, Malaysia. Operations span New Zealand, central Africa, & Papua New Guinea

Building a global Chinese media group, including Ming Pao Enterprises

Sin Chew Jit Poh, the largest-circulating Chinese newspaper in Malaysia

Ming Pao editions San Francisco, New York, Vancouver and Toronto.


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Acquisitions and Mergers

  • 2008, Mingpao ---- >Media Chinese International in cross-border merger

  • 2007, ATV, Liu of Phoenix TV took major shares

  • 2006, HKEC, Richard Li acquired 50% through trust

  • 2006, Phoenix TV; Extra Step investment acquired 19.84% inTV (listed 2000)


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Competition is Global

  • Hong Kong is the media capital of the Chinese Diaspora around the world

  • Singtao: editions in North America, Europe and Australia

  • TVB - rolling out broadband content in Shanghai; distributes programs worldwide

  • Apple charging for online content

  • Mingpao,


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Creating Global Alliances

  • TVB

  • partners with Thai TV, Malaysia, Taiwan investors,

  • linking up with China Central Television


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New York Times:two tiers of stock

  • The voting class, owned by the famil

  • B-shares, owned by outside investors.

    The two-tiers ownership provides a layer of insulation between the paper and market forces


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Role of Reporters

  • Role of reporters has changed

    • Electronic channels give consumers direct access to raw information (stock quotes, statistics, election results, etc.)

    • Value is not in information delivery


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Role of Reporters

  • Journalists provide:

    • Context

    • Analysis

    • Fairness

    • Balance


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The Purpose of Journalism

“Journalism takes its name from the French word for day. It is our day book, our collective diary, which records our common life..…For journalism and for us, that purpose is the development and enhancement of public life, a common life which we can all share as citizens. ”

  • Professor James W. Carey, Columbia University


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Other than the “Mainstream”

  • www.fas.org

  • www.thenation.com

  • www.truthout.com


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Journalists deals multiple conflicts and compromises.....

  • Reporters vs editors

  • editors vs. owners, bosses

  • owners vs. stockholders

  • reporters vs. sources

  • the media vs. the government

  • the media vs. viewers, readers and the public

  • the media vs advertisers

  • individual vs. the corporation


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Thank you

See you next week


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