1) What is a conglomerate in the media industries? Media company that owns lots of smaller media companies. 2) What is a subsidiary ? A subsidiary is the smaller companies that the bigger companies own. 3) What are the benefits for media companies of vertical integration ? Vertical integration is when one conglomerate owns different companies in the same chain of production. 4) What are the benefits for media companies of horizontal integration ? Reduce competition increase market share and greater economies of scale. 5) Give three examples of media companies or brands that have used synergy to maximise their profits. There are examples in the notes above to help you. For example, Disney makes movies but then also has related stage shows, theme parks, merchandise, soundtracks and events all linked to the same brand or characters. 6) What is convergence and what device has changed the relationship b...