Public Service Media Interventions: Risk and the Market

This chapter explores the relationship between Public Service Media (PSM) and the market through the lens of risk. Instead of approaching PSM’s market impact from a crowding-out perspective, we focus on how these organizations contribute to creating, shaping, and sustaining markets. We identify two...

Descripción completa

Detalles Bibliográficos
Autores: Rodríguez Castro, Marta, Noonan, Caitriona, Ramsey, Phil
Tipo de recurso: capítulo de libro
Fecha de publicación:2021
País:España
Institución:Universidad de Santiago de Compostela (USC)
Repositorio:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Idioma:inglés
OAI Identifier:oai:minerva.usc.gal:10347/37859
Acceso en línea:https://hdl.handle.net/10347/37859
Access Level:acceso abierto
Palabra clave:Public service media
Public value
Medios públicos
Valor público
Media innovation
Innovación mediática
Riesgo
Risk
Descripción
Sumario:This chapter explores the relationship between Public Service Media (PSM) and the market through the lens of risk. Instead of approaching PSM’s market impact from a crowding-out perspective, we focus on how these organizations contribute to creating, shaping, and sustaining markets. We identify two key areas of risk that PSM organizations are actively negotiating and/or as part of a change to their remit and responsibilities: first, in creating and sustaining a supply base of indigenous content, and second, in contributing to innovation capacity. Whilst we don’t argue that all PSM organizations are engaging in these equally, or even delivering effectively on these agendas, we want to highlight the important contribution that PSM makes to creative economies and to economic and cultural activity within nation states more generally. The chapter concludes by arguing that by undermining the scale and funding of PSM their capacity to assume that risk is weakening, and that this will have implications for the entire marketplace.