Economic actors need accurate and timely information to allocate resources

efficiently, investors and other groups increasing value and demand a governance-
Opportunities, Challenges and Power of monitoring role from the media. A free and independent press can provide
information and monitoring to the economic policy development process leading to
Media more effective economic policies. It can also reduce political risk and increase good
governance-conditions that are important for robust economic development.

Common Threats in Economy

1. Privacy and Piracy

Opportunity
2. Banking Security
 A set of situations that makes it possible to do something. 3. Commercial Fraud
4. Phishing
Challenge 5. Inappropriate Advertisements
 A test, problem or a trial.

Opportunities and challenges can be seen in: Education

1. Economy Media and Information help people gain more knowledge and skill.
2. Education Traditional education and online education both use the media but the later invested
3. Society on it further. Everyone with access to the internet need not physically attend a class
4. Politics to get an education. Through the use of different technologies, traditional education
also improve.
Economy
Common Threats in Education
Media and information affect the economy through decision making,
business strategy, public relations, communication, production and marketing of an 1. Plagiarism
organization. 2. Promotes laziness
3. Maintenance and Upgrades
Economics of Media 4. Misinformation and Disinformation
Ratings 5. Unnecessary information
 It is use to determine the number of people who watches, listens to or reads
a particular content.

Revenues
 It is the income generated from the sale of goods or services, or any other
use of capital or assets, associated with the main operations of an
organization before any costs or expenses are deducted.
Economic Impact
Society
Media and information now define communication. As communication
improves, social change also happens. Some institutions referred to social change as
a significant alteration of social structure. The world is big, but with social media, it
is getting smaller.
 Media and information have the power to change society’s beliefs and Media Influence
perception. People tend to receive information from media and accept it as fact right
away without conducting due diligence. Media and Information presents citizen  It is a force exerted by forms of media resulting in either change or
journalism’s opportunity to empower ordinary citizens to be journalists but also reinforcement of an individual’s belief.
shares its issues on conducting training to these citizen journalists to promote
credible and objective news.

Common Threats in Society:

1. Human Trafficking
2. Identity Theft
3. Bullying
4. Defamation
5. Division

Politics

Politics regulates media and information however, the media can also
control politics. The government enforces rules and regulations to direct media
industry. The best example of this is the Magna Carta for Philippines Internet
Freedom (#MCPIF), is it the first crowdsourced bill in the Philippines.
Crowdsourcing is a sourcing model in which individuals or organizations obtain
ideas from the internet users.

Common Threats in Politics:

1. Weak enforcement of laws

2. Media and Politician’s alliance
3. Constrained Freedom

Media Power

 It refers to the concentration of symbolic power of all known media types

and forms of media to disseminate, change, alter, affect or persuade
society’s decisions.