This document outlines the benefits and limitations of three approaches to studying media: media production studies, media text studies, and media audience studies. For media production studies, benefits include understanding news media organization and influences like censorship, while limitations involve overlooking audience effects and exaggerating media manipulation power. Media text studies allow awareness of hidden ideologies but are limited by ambiguity of meanings and intensifying a distorted societal view. Media audience studies help understand how audiences make sense of texts, but have limitations such as isolating media influences and measuring effects.