COMM 2850- Discussion 2 (1)

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Ohio State University *

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2850

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Communications

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Feb 20, 2024

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1 Pros and Cons of Media Monopolies Sadie S. Loeffler The Ohio State University COMM 2850: Media & Citizenship Dr. Joe Francemone February 5th, 2024
2 Pros and Cons of Media Monopolies The relationship between media monopolies, citizens, and consumerism has long been a complicated relationship. There are positives and negatives with both media monopolies and big tech when it comes to communication. The influence that media monopolies and big tech companies have on citizens has both pros and cons. Big tech companies and platforms have become an integral part of our everyday lives for their ability to communicate efficiently and information dissemination. These platforms are able to enhance the experience of the users with the help of algorithms platforms can customize the content a user sees based on the users data and previous content they engage with. By customizing each individual's experience they make the platforms more enjoyable and more likely to use. Media monopolies and big tech have a huge impact on the way we communicate and connect with others. Social media has enabled us to easily stay in contact with friends and family around the world while also making new connections. The ability to connect and learn with and from people from around the world has helped break down barriers and promote cultural understanding. As with anything, there are always cons as well. With the domination of the media monopolies and big tech there are concerns over the amount of power that is placed into the few companies. Companies like TikTok, Google, Amazon, and more have been trusted to control what information people see and hear. This can have very serious consequences for democracy, specifically our first amendment as the information the public sees can be censored and manipulated to benefit the companies interests.
3 To sum it up, media monopolies and big tech have numerous benefits for society while also having a negative side such as privacy rights, power, and democracy concerns. We as citizens have a responsibility to be aware of the amount of control they have over our accounts. Finding the balance between the positives and negatives of media monopolies and big tech companies will enable us to use the platforms to their full potential while also protecting the public from misinformation and our privacy.
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4 References Klinge, T. J., Hendrikse, R., Fernandez, R., & Adriaans, I. (2023). Augmenting digital monopolies: a corporate financialization perspective on the rise of Big Tech. Competition & Change, 27(2), 332-353. Francemone, J. (2023, July 31).Lecture 4.1-Media Industries.www.youtube.com.https://youtu.be/MZwXkgnHESc?list=PLkoSuRn0bwTUf G9E0GIzUGxZnFmAUbUtz Francemone, J. (2023, July 31).Lecture 4.2- How Big is Too Big?www.youtube.com. https://youtu.be/MZwXkgnHESc?list=PLkoSuRn0bwTUfG9E0GIzUGxZnFmAUbUtz Wörsdörfer, M. (2022). What Happened to ‘Big Tech ’ and Antitrust? And How to Fix Them! Philosophy of Management, 21(3), 345-369.