News coverage and new media
By covering news, politics, weather, sports, entertainment, and vital events, the daily media shape the dominant cultural, social and political picture of society. Beyond the media networks, independent news sources have evolved to report on events which escape attention or underlie the major stories. In recent years, the blogosphere has taken reporting a step further, mining down to the experiences and perceptions of individual citizens.
An exponentially growing phenomenon, the blogosphere can be abuzz with news that is overlooked by the press and TV networks.
Media coverage during the 2008 Mumbai attacks highlighted the use of new media and Internet social networking tools, including Twitter and Flickr, in spreading information about the attacks, observing that Internet coverage was often ahead of more traditional media sources.
Media integrity refers to the ability of a news media outlet to serve the public interest and democratic process, making it resilient to institutional corruption within the media system, economy of influence, conflicting dependence and political clientelism. Media integrity encompasses following qualities of a media outlet:
- independence from private or political interests
- transparency about own financial interests
- commitment to journalism ethics and standards
- responsiveness to citizens
The music industry consists of the companies and individuals that make money by creating and selling live music performances, sound recordings and music videos of songs and instrumental pieces. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who create new music; the singers, musicians, conductors and bandleaders who perform the music; the companies and professionals who create and sell recorded music and/or sheet music (e.g., music publishers, producers, recording studios, engineers, record labels, retail and online music stores, performance rights organizations); and those that help organize and present live music performances (booking agents, promoters, music venues, road crew).
The modern music industry emerged between the 1930s and 1950s, when records supplanted sheet music as the most important product in the music business. In the commercial world, people began referring to “the recording industry” as a loose synonym for “the music industry”. In the 2000s, a majority of the music market is controlled by three major corporate labels: the French-owned Universal Music Group, the Japanese-owned Sony Music Entertainment, and the US-owned Warner Music Group. Labels outside of these three major labels are referred to as independent labels. The largest portion of the live music market for concerts and tours is controlled by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of iHeartMedia Inc, which is the largest owner of radio stations in the United States. Creative Artists Agency is a large talent management and booking company.
The music industry has undergone drastic changes since the advent of widespread digital distribution of music via the Internet, which includes both illegal file sharing of songs and legal music purchases. A conspicuous indicator of this is total music sales: since 2000, sales of recorded music have dropped off substantially while live music has increased in importance. The largest music retailer in the world is now digital: Apple Inc.‘s online iTunes Store.