1. What is media concentration and conglomeration? How are they similar or different to each other?
Media concentration is a process that makes lesser and lesser people have control over the media most likely to avoid complications as it is easier to make decisions with said media when there are fewer people to consult. Media conglomeration is the process of gathering as many media content / media shares by one single entity such as the Walt Disney Company. They are different in a sense where one is to gather as many forms of media as possible and another is to have more control over it by getting lesser people have power over a certain media.
2. What is the political impact, if any, of concentrated corporate ownership of news and other forms of media?
It may promote a form of bias especially when it comes to news. For example, if the corporate ownership of news is concentrated on a current governing party, the news will tend to avoid anything that is harmful towards the governing party's image and will probably use the opportunity to verbally attack any opposition party's whenever they can such as putting blame on certain matters. Furthermore, if any forms of media, such as entertainment, are found to be harmful to the image, it will most probably be blocked out.3. What is the relationship between media ownership and diversity in media content? Compare and contrast this relationship in the news and popular music industries.
The more media content being owned, the wider the variety in media content. Take for example the Universal Music Group. As of 2005, they accounted for 25.5% of the market by selling more music than any other record label around. With such a big and powerful roster of artists such as the Black Eyed Peas and 50 Cent, their content is music is diversified, allowing for more choices and in return, higher sales as compared to other record labels.