共查询到20条相似文献，搜索用时 31 毫秒
1.
Samir A. Husni 《Journal of Media Economics》2013,26(1):39-49
This study tracks magazines started from 1981 to 1983 that have survived to the present. It finds that magazines started by entrepreneurs, rather than media firms, and magazines that were consumer driven, rather than advertising driven, were more likely to survive. 相似文献
2.
Abstract Much attention has been paid to restructuring in the media industries. Most of this attention has been directed at mergers and acquisitions and the associated increase in industry concentration. What has been largely overlooked is the extent of restructuring that reduces the size of media firms—divestitures. This article examines several cases of major media divestitures and calibrates the impact of these sell-off and spin-off restructuring events on the value of divesting firms. The analysis uses case studies and event study methodology. Given that the overall role of managers of large firms is to maximize the value and stock price, this event methodology directly measures the impact of divestitures on this ultimate goal of maximizing firm value. Case analysis examines the managerial strategies that motivated the divestiture event to explore the complexities of the divestiture as it unfolded. Event analysis results confirm abnormal returns that have the potential to significantly enhance the value of divesting firms. 相似文献
3.
Aldo van Weezel 《媒体管理杂志》2013,15(3-4):144-152
Abstract It is generally accepted that newspaper firms are passing through hard times. Readers and advertisers—their 2 main income sources—seem to be turning to other media, thus negatively affecting newspaper financial performance. To respond to these challenges, newspapers are changing the way they organize their activities. This study looks at a sample of newspapers to investigate extent to which 2 of these organizational changes (i.e., integration and outsourcing) are affecting performance. The study shows that the higher the degree of integration within the firm, the more positive the performance. Outsourcing is found to have a negative impact. These effects are over and above those of the perceived environment. 相似文献
4.
ABSTRACTVenture capital funding is an increasingly common yet understudied management model in the rapidly changing market of news media. Drawing on scholarship in media management and entrepreneurship, this study applies a community ecology framework to analyze the relationship between venture capital funding and digital news media firms. In doing so, this work explores the interaction between legacy news media firms and new entrants as they struggle for scarce resources and seek to grow in the face of rapid change. A dataset tracking funding activity of legacy and startup news media firms is used to analyze resource allocation within the digital news media ecosystem. Results of the analyses provide insights for news media management by furthering understanding regarding venture capital funding models and the generative mechanisms that help drive growth. Specifically, findings highlight the importance of cross-sector engagement and the tension between firm age and position for growth in the digital news media ecosystem. 相似文献
5.
Thomas D. Sullivan 《Journal of Business & Finance Librarianship》2017,22(3-4):182-189
ABSTRACTThe venture capital and private equity investment fields are not as well understood as other sectors of the financial industry, especially those focused on publicly traded instruments, such as stocks and bonds. To help business librarians understand venture capital and private equity firms, this article looks at how these businesses invest. By briefly examining investments by three venture capitalists and three private equity firms, readers can begin to understand the methods and aims of those investors. This article describes investments by venture capital leaders Georges Doriot of American Research and Development, William J. Casey, and Tom Perkins of Kleiner Perkins. It also describes some of the criteria applied by those venture capitalists to select firms in which to invest: how they evaluated companies and the executives who ran them. The article also looks at three private equity firms, Warburg Pincus, Tribeca Asset Management, and the Carlyle Group, companies those PE firms purchased, and factors that made those acquisitions profitable. 相似文献
6.
Abstract This conceptual paper is based on two propositions: 1.) An efficient flexibility management is a critical success factor for media companies. 2.) The concept of real options theory (ROT) aims at improving a company's flexibility management. As a consequence, it is analysed how ROT can contribute to the flexibility management in media companies. In this context, two research issues are investigated. First, it is shown that real options as substantiations of flexibility are of great importance for media companies: In doing so, it is outlined that options which focus on a company's fixed costs management and options which aim at improving a company's sales situation are of high relevance for all segments in the media industry. Contrarily, options which focus on a company's variable costs are only relevant for media companies engaged in the print segment. Second, it is illustrated how ROT can contribute to the reactive and proactive management of flexibility in media companies. 相似文献
7.
Dmitri Williams 《媒体管理杂志》2013,15(1):41-54
Abstract The video game industry has continued to grow dramatically over the past decade, cutting into mainstream media in participation and revenues as it becomes part of mainstream media culture. Following the industrial organization model, this paper conceptualizes and systematically analyzes five vertical stages and the key market segments of consoles, handheld and PC‐based games. Genre‐based measures of content show that the different game platforms have varying levels of product diversity, driven by differing levels of risk and rewards. Comparisons in production and distribution are made with other major media. The main conclusion is that the industry is reaching a mature phase with concentration and integration beginning to be found in its stages. A mainstreaming of content is partially countered by a vibrant community of developers, mostly for PC games. As a standard‐based industry, non‐interoperability and network effects continue to play a key role in preserving competition in a field with a shrinking number of firms. 相似文献
8.
This study probes relationships among corporate financial resources, web-based corporate media relations, and media attention to corporations to determine whether online media relations functions as an effective information subsidy in the agenda-building process. It compares the quality of online press rooms of Fortune 500 companies with the number of news articles about those same companies published by five major news outlets in the United States. A causal model was supported predicting that resource-rich companies have better-operating online newsrooms with more diverse informational and interactive components, which in turn generate more news stories about the companies. This result suggests that the effectiveness of corporate Web activities depends on financial and professional resources and contradicts earlier expectations that the dominance of resource-rich organizations in communication would be undermined by the Internet. 相似文献
9.
Dr. Frank Habann 《媒体管理杂志》2013,15(1):14-24
Abstract For media firms, convergence is a strategy for value creation. However, the concept of convergence belongs to a field of media research and practice that still is in a pre‐paradigmatic stage (Kuhn). The aim of the analysis is to contribute to the process towards “normal science,”; where the paradox of conceptualisation is solved and the outcome is guiding research as well as business development. The article introduces the concept of “value creation convergence,”; and discusses its potential as a sixth dimension of the convergence concept in relation to Miège's typology of traditional media firms (editorial, press, and flow) and Stabell &; Fjeldstad's typology of value creation configurations (chain, shop, and network). 相似文献
10.
Dan Shaver 《媒体管理杂志》2013,15(3-4):112-120
Although there has been much research into corporate governance generally, little attention has been focused specifically on issues in media companies. The question is further complicated by the increasing frequency with which media enterprises that have traditionally operated within the industrial context of a specific medium are becoming business lines for media conglomerates and must compete for resources and strategic attention from a board more concerned with bottom-line profitability than with traditional media industry norms. This study examines board compositions of 21 firms with leadership positions in 1 or more traditional mass media industries and compares governance structure and results for those firms that are concentrated in 1 media segment to those that operate multiple media segments. Relations between skills sets associated with different categories of board members (legal, finance, consumer/marketing, service, academic, and other), management influence, and other board demographics to the creation of shareholder value were identified based on financial measures of market value, earnings per share, and dividend levels. The relations between board characteristics and strategic measures of capital reinvestment, asset sales, and acquisitions were also examined. A number of significant differences were identified between single-industry and conglomerate firms in these dimensions. 相似文献
11.
《Public Library Quarterly》2013,32(3-4):129-140
ABSTRACT In this article, media trainer Tripp Frolichstein introduces librarian readers to positive points, positive proof points, distinguishing points and message maps as appropriate tools to plan and carry out effective communication for organizations and companies. In addition, the author provides a list of tips that reiterate and enrich preparation as individuals serve as their organization's media spokespersons. 相似文献
12.
Ainara Larrondo Ureta 《Journalism Practice》2020,14(8):991-1007
ABSTRACT According to a growing volume of academic literature on the subject, transmedia fiction and non-fiction production is now one of the main areas driving innovation in media companies, thanks to the improvements it brings in numerous interconnected fields: narrative and content, management and productive strategy, brand promotion, etc. In this context the article focuses on transmedia linked to public broadcasting companies, starting with a qualitative study based on interviews with expert professionals from thirteen corporations in Spain, one operating at the national level (RTVE) and twelve at the regional level (A Punt Media, CARTV, CCMA, CRTVG, CMM, EITB, EPRTVIB, RTVM, RTPA, RTVA, RTRM and RTVC). The results show how professionals view the concept of transmedia production, its advantages, disadvantages and the challenges it poses, which depend on these corporations’ service and relationship with audiences. As the conclusions state, the keys factors for understanding the professional transmedia strategy of public broadcasting corporations are found in the characteristics of today’s media market, which is suffering from budget cuts and growing competition. 相似文献
13.
Jaemin Jung 《媒体管理杂志》2013,15(4):237-250
Abstract This study examined the degrees of product diversification of media conglomerates since the Telecommunications Act of 1996 and tested the impact of product diversification of the firms on their financial health. The strategy of related product diversification enables firms to gain market power and synergy effect, then improves financial performance. Based on that assumption, for a sample of 26 media firms from 1996 to 2002, this study conducted a regression analysis to test the hypotheses. The results showed two contradictory curvilinear models. First, revenue, EBITDA and sales growth rates revealed a U‐shaped relationship with diversification. That is, performance decreased as firms shifted from concentrated business strategies to related diversification, but performance increased as firms changed from related diversification to unrelated diversification. On the other hand, financial efficiency variables measuring management effectiveness or profitability (ROS, ROA and ROE) and stock market evaluation (earnings per share) showed an inverted U‐shape relationship. Thus, the unrelated diversification led to a decrease in financial efficiency. 相似文献
14.
Philip M. Napoli 《媒体管理杂志》2013,15(2):66-73
Abstract The issues currently facing the book publishing industry are profound and the resolution of these issues will ultimately affect how the industry is defined in the future. One of the most important issues that the industry faces is the emergence of a whole range of new media which have created important managerial tensions within the book publishing firms. These tensions include defining what a book is in light of the multi‐dimensional content available as well as the development of new modes of delivery; whether to remain focused on producing great content or become a more technologically oriented company; and the best organizational approach. While these tensions may be viewed as creating turmoil, they have been catalysts of change and are creating opportunities that will ultimately enable the industry to regenerate its businesses, reach a new generation of readers, and create an environment that is more conducive to innovation. 相似文献
15.
Abstract Media companies inherently face organizational tensions, as dual—artistic and commercial—orientations are part of their mission. Yet, it is still poorly understood what the existence of such tensions implies for managing media companies that undergo organizational changes to embrace technological convergence. Based on a case study with a European media company, this article argues that different organizational tensions exist and exemplifies this by characterizing structural, processual, and cultural tensions. This study finds that these tensions are interlinked, interdependent, and dynamic—namely, when media companies change, their inherent tensions are also likely to change. Thus, they need to be actively and comprehensively managed to avoid disfunctionalities. In fact, considering the different tensions in the reorganizing process might enhance its chances of success. Relocating the tension, enhancing perception of the tension, and providing training to increase awareness of employees emerge from this case as different strategies for managing tensions. 相似文献
16.
Abstract As afield of study, company leadership can be examined from many angles. In this paper our aim is to study leadership in the way it effects change. The qualitative value of the information compiled is considerable since it helps to understand the grounds on which the success of the directors who effected change of the Spanish media market was based. The interviews afford us a closer look at the minds of the leading players in action. The cases analysed show that, in media companies, radical transformations do not come about without the existence of one or several leaders, capable of mobilising the organisation where they work. Through the literature review, the companies'internal documentation and interviews with the directors we have been able to demonstrate that our hypotheses on leadership are not only reasonable but also help to explain, to a great extent, the profound transformations which the Spanish media market has undergone in the last 25 years. 相似文献
17.
ABSTRACT A constant theme in strategic media management literature is the transformational impact that digital media technologies and deregulation have had on shaping media firms’ corporate strategies. Whilst the role of corporate strategy is to encapsulate a firm’s long-term direction and scope of activities, it will also give a strong indication of how the firm will compete and be positioned in an industry. However, the transformative effects of a highly technological media environment have changed our traditional view of how the media industry is defined, and so developing a strategic recipe for competing in an ill-defined industry becomes more challenging. This paper examines a single media firm’s corporate strategy and perimeter and considers this in the context of a changing media industry. The paper takes a practice-led approach by undertaking a longitudinal analysis of a firm’s acquisition and divestment activities in order to understand its corporate perimeter and by implication the industry or industries where it competes. We argue that by exploring a media firm’s corporate strategy and perimeter over time, scholars will not only be able to better understand the dynamics of media practice and strategy, but also gain an insight into the changing nature of the media industry. The paper concludes that the 'five forces framework' on industry structure, profitability and attractiveness remains a relevant form of strategic analysis that can help media management researchers to conceptualize and understand the evolution of media firm corporate perimeter and the industries in which they compete. 相似文献
18.
Xiaoyan Song 《期刊图书馆员》2017,72(1-4):160-165
ABSTRACTThis conference report describes the challenges arising from the growth of the e-book market and explores how a mix of proprietary and open source systems can be used to manage e-book collections. The author uses an analogy of building with Legos to evoke an interlocking approach to e-book management. The discussion addresses functionality and pain points of mainstream, commercial systems and explores the ways that open source tools can be used alongside traditional software to create a more full-featured environment. 相似文献
19.
This article explores the vulnerability of publicly held broadcasting companies to hostile takeovers. It finds that such companies are more attractive to investors than typical corporations, but that broadcasters are better defended against unfriendly takeovers and not especially vulnerable to takeovers. 相似文献
20.
《Legal Reference Services Quarterly》2013,32(1-2):59-74
Summary The legal publishing industry has experienced waves of acquisition and consolidation, with almost all of the established players becoming affiliated with either Thomson or Reed Elsevier. A widespread assumption is that this consolidation is driving out the smaller participants in the market, especially in conjunction with the expansion of free Web sites for primary source material. It is presumed that the entrepreneurs who have smaller, profit-based companies are becoming less interested in the market due to financial pressures, increased difficulty of capturing market share, and threat of acquisition (friendly or hostile). In order to confirm or refute this assumption, the author reviews the industry consolidations, describes the delineation of representative small legal publishers, and analyzes their responses to questions about how the recent industry changes have affected their strategies, markets and product lines. The resulting picture is of an environment much different than that painted by current media pundits. Contrary to the presumption of a disappearing landscape of small players, there is a positive perception of “ripe opportunity” pushing companies into this marketplace-companies armed with new technology tools and strong convictions that they can reach customers ready and willing to do old business in new ways. The small publishers seem to be weathering the climactic industry changes, and have expectations of growth and expansion. 相似文献