globalEDGE NEWSLETTER

Media and Communications

May 2009 Vol. 8 - Issue 5

Inside This Issue

  1. Fact of the Month
  2. Feature of the Month: Media and Communications
  3. From the globalEDGE blog
  4. Featured Resources
  5. Featured Academy
  6. globalEDGE Business Review
  7. Newsletter Information

FACT OF THE MONTH...

A brief history of news media technology:

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FEATURE OF THE MONTH: The Media and Communications Industry

The Media and Communications Industry includes companies involved in telecommunications equipment and services, television and radio broadcasting, motion picture/video production, and publishing. This industry connects societies by entertaining, informing, and connecting people around the world. Historically, much of communication was done through print and word of mouth, but technological advances have led to the introduction of the telegram, telephone, radio, television, cellular phone and Internet, which have led to more widespread communication capabilities. As these technologies have evolved, so have the ways news has been reported and the ways business has been conducted. The conveniences of technology have made the Internet a much more integral part of the news process, and have triggered a decline in print media. Blogs and internet columns have increasingly gained traction as an avenue to sharing opinions and news, as many newspapers are filled with outdated news by the time people get them, and furthermore, many are unwilling to pay for the content newspapers offer when they can get it free online. Possible deficiencies of blogs and other online publications, however, include lack of ability or resources to establish comprehensive reporting, especially in the realm of international issues. Whereas newspapers could send reporters around the glob to study issues and make an informed report, many bloggers must rely on secondhand information in order to write their opinion pieces. For now the trend seems to be a continued growth of the Blogosphere, but as newspapers adapt to the digital age, they could prove to be informative and valuable sources for news, especially on the international level.

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FROM THE globalEDGE BLOG

Media and Communications

The media and communications industry has traditionally consisted of the people who were at the cutting edge of information technology - those who could broadcast to the biggest audience. In turn, these people hired talented individuals who could develop the content that was broadcast. The entire industry was structured around the assumption that, in order to physically reach any significant sized audience, you had to have access to technology that was too expensive for the vast majority of individuals to own.

This situation has fundamentally changed. Now, anyone with an internet connection and a computer can broadcast to practically the entire world. In a lot of ways, this is an amazing thing, but we shouldn't ignore the unique global challenges that come with it.

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FEATURED RESOURCES

Innovations-Report: Communications Media

Engineering and research-driven innovations in the field of communications are addressed here, in addition to business developments in the field of media-wide communications. Innovations-Report offers informative reports and articles related to interactive media, media management, digital television, E-business, online advertising and information and communications technologies.

Telecommunications Industry Association

The Telecommunications Industry Association is a resource for the small or large business. It offers resources on the global information and communications technology industries with respect to standards development and documents, government affairs, business opportunities, market intelligence, certification, and world-wide environmental regulatory compliance. The site requires an application and membership dues, but also contains much useful information both free and for purchase.

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FEATURED ACADEMY

Key Industry Drivers of Globalization

The Key Industry Drivers of Globalization module offers one a general understanding of issues including: the historical circumstances and the forces that currently drive globalization; the implication of globalization on business in the U.S.; the key drivers for a successful global strategy; and the four basic forces that drive globalization.
Category: Online Course Modules

Globalization101

Globalization101 provides interviews with experts in academia, public policy, and business on topics of globalization. Issues include the World Bank, FTAA, and Agricultural Trade. The videos are downloadable and recent selections provide individual clips for each question and answer.
Focus: Business Law, Economics, International Business
Category: Video Depositories

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globalEDGE BUSINESS REVIEW

"Doing Business in Armenia - Local CEOs Are Optimistic" by Patricia Huddleston and Susan J. Linz

Several months after the new government administration took office in spring 2008, local business leaders in Yerevan were optimistic about an improved economic and business environment in Armenia, citing simplified tax codes and reduced tax rates as key features underlying their optimism. Visually, their optimism is underscored by the numerous construction projects actively underway throughout the capital city. Strategically, many are positioning their companies to take advantage of the government's decision to develop Armenia's regions by designating up to five cities as 'centers' of culture, finance, and so forth, with the requisite investment that entails.

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NEWSLETTER INFORMATION

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