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“Only a critical political economy approach can adequately explain how the media work today  

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"Only a critical political economy approach can adequately explain how the media work today." Discuss this statement with reference to two of the following: Advertising; news and current affairs; television; radio; newspapers. Despite many views considering the media as the fourth estate and watch dog of society, it is clear, that this is not the case. From the evidence shown in the following essay, it can be strongly concluded that the critical political economy approach is the best and most consistent theory that can adequately explain how the media works toady. This approach not only describes the functioning and role of the media, it also shows us that the media is being more and more influenced by not only a smaller concentration of owners, but also the media's obsession with gaining maximum audiences. The following essay will give an in depth description of not only the critical political economy approach in relation...

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