Innovation and novelty in the media industry according to the theory of innovation by Joseph A. Schumpeter on the example of CNN Cover Image

Innowacja i nowość w branży medialnej w świetle teorii innowacyjności Josepha A. Schumpetera na przykładzie CNN
Innovation and novelty in the media industry according to the theory of innovation by Joseph A. Schumpeter on the example of CNN

Author(s): Anna Teler
Subject(s): Social Sciences, Media studies, Communication studies
Published by: Wydawnictwo Uniwersytetu Jagiellońskiego
Keywords: CNN; J.A. Schumpeter; theory of innovation; innovations; media industry

Summary/Abstract: Demand for novelty is inscribed in the DNA of media and media organizations, especially those that specialize in delivering the latest news. This is a prerequisite for media consumption. The media organizations responsible for delivering new products to recipients, are subject to market laws, compete, achieve an advantage, fight for survival in the turbulent environment of the media and technology –and therefore remain in constant development. According to Joseph A. Schumpeter, development is possible by introducing innovations. Schumpeter’s Theory of Innovation was a research tool for an analysis of the CNN group, specializing in information for 24/7. The research question posed: can we talk about innovations in the media industry? –indicates some doubt related to the specificity of the media industry. Doubt also arises from the fact that not every novelty is an innovation. As a result of research, it was discovered that there are innovations in the media industry, but not in all cases of innovation indicated by Schumpeter. Indeed, this is due to the specifics of the media industry. The purpose of the article is to attempt to assess whether there can be innovations in the media industry, according to Schumpeter’s Theory of Innovation; and initiating a discussion on innovation in specific industry, which does not exist without novelty.

  • Issue Year: 9/2021
  • Issue No: 1
  • Page Range: 99-114
  • Page Count: 16
  • Language: Polish