The Internet and the Media Industry

Paper Summary:

This paper discusses the impacts of the internet on existing communication channels, media industry and media giants. It investigates how media giants made use of internet to become global businesses. At the end of the paper, a brief discussion is made on the legal framework regarding Internet and how governments can deal with Internet in terms of legal issues.

From the Paper:

"Technological developments in the field of communications and other areas are profoundly changing traditional media business as well as the broader media and communication industries. With the advent of digitized information it is now possible to exchange digital information over the same networks instantaneously on a global scale. According to Murphie and Potts (2003) the advantage of digitisation include: the speed with which huge volumes of digital information may be processed and manipulated; the ready convergence of diverse information types into digital data; and the speed and flexibility with which this data may be compressed and distributed through information networks. Internet is the main digital communications network through which digital information is exchanged today."

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