The document discusses the terms "audience" and "institution" and how they relate to mass media. It prompts the reader to consider how an institution's decisions can impact its audience. It also provides questions about audience demographics and what a production company might consider when defining its target audience. The reader is asked to define "institution" and media institutions are described as bodies that create media texts and are influenced by factors like money, ownership, and target audiences. An example of a British film is provided to analyze in relation to these concepts.