3rd Edition

The Media Economy

By Alan B. Albarran Copyright 2024
    220 Pages 15 B/W Illustrations
    by Routledge

    220 Pages 15 B/W Illustrations
    by Routledge

    This fully updated third edition analyzes the media industries and their activities from macro to micro levels, using concepts and theories to demonstrate the role the media plays in the economy as a whole.

    This textbook breaks new ground through its analysis of the rapidly changing and evolving media economy from two unique perspectives. First, the book explores how media industries function across global, national, household, and individual levels of society. Second, it assesses how key forces such as technology, globalization, regulation, and consumer aspects are constantly evolving and influencing media industries. This new edition incorporates thoroughly updated theory and research as well as expanded case studies that include examples from international markets such as Asia, Europe, and Latin America. It builds on the contributions of the previous edition by providing new references and current data to define and analyze today’s media markets and offers a more expansive assessment of streaming business models as well as the effects of Covid-19 on the media economy.

    Written in an accessible style and presenting a holistic global perspective of the role of media in the global economy, the textbook provides crucial insights for students and practitioners of media economics, media management and media industries.





    1. Understanding the Media Economy


    2. Theories and Approaches Used to Examine the Media Economy


    3. Key Concepts to Understand the Media Economy


    4. Evolving Markets in the Media Economy


    5. Streaming


    6. Technology and the Media Economy


    7. Globalization and the Media Economy


    8. Regulation and the Media Economy


    9. Consumer Aspects of the Media Economy


    10. Finance, Valuation, Investment, and Labor in the Media Economy


    11. Assessing the Future of the Media Economy






    Alan B. Albarran is Professor Emeritus of Media Arts at the University of North Texas, USA. He is internationally recognized as one of the leading scholars in the field of Media Management and Economics and is a former editor of the Journal of Media Economics and the International Journal for Media Management. He is also a co-editor of the Handbook of Media Management and Economics, 2nd edition (Routledge, 2018).