Studying the political economy of media and information

TLDR

Studying the political economy of communications has become a central approach in media/communication studies in North America and parts of Europe, as it is essential for understanding the growth and global expansion of media and information industries. The article presents an overview of the development of the political economy of media and communications, discusses its foundations and major works, and examines its relationship to media economics and cultural studies. The article surveys foundational works and major studies of the political economy of media, focusing primarily on North America and Britain while including some European references.

Abstract

Studying the political economy of communications is no longer a marginal approach in media/communication studies in North America and some parts of Europe. Increasingly, the study of political economy is crucial to understanding the growth and global expansion of media and information industries. Thus, more researchers have turned to this perspective as a necessary and logical way to study these developments. This article will discuss the foundations and some of the major works in the study of the political economy of media and communications (PE/C). The focus is mostly on North American and Britain, with some European references. The discussion is intended to present an overview of the development of this approach, as well as providing a few examples of research representing the perspective. A brief discussion of the approach’s relationship to media economics and cultural studies also will be included.