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1 février 2020
- handle: 10670/1.qtt7bu
- hal: hal-03393063
- SCIENCESPO: 2441/4ec86lkes59hv9tfv77ld1p5fr
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info:eu-repo/semantics/altIdentifier/hdl/2441/4ec86lkes59hv9tfv77ld1p5fr
info:eu-repo/semantics/OpenAccess
Mots-clés
D - Microeconomics/D.D4 - Market Structure, Pricing, and Design L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L11 - Production, Pricing, and Market Structure • Size Distribution of Firms L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L15 - Information and Product Quality • Standardization and Compatibility M - Business Administration and Business Economics • Marketing • Accounting • Personnel Economics/M.M3 - Marketing and Advertising/M.M3.M37 - Advertising N - Economic History/N.N7 - Transport, Trade, Energy, Technology, and Other Services/N.N7.N72 - U.S. • Canada: 1913–Sujets proches
Radio vision TV Industrial economics Market structureCiter ce document
Charles Angelucci et al., « Media Competition and News Diets », Archive ouverte de Sciences Po (SPIRE), ID : 10670/1.qtt7bu
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Résumé
News media operate in two-sided markets, offering bundles of content to readers as well as selling readers' attention to advertisers. Technological innovations in content delivery, such as the advent of broadcast television or of the Internet, affect both sides of the market, threatening the basic economic model of print news operations. We examine how the entry of television affected local newspapers as well as consumer media diets in the United States. We develop a model of print media and show that entry of national television news could adversely affect the provision of local news. We construct a novel dataset of U.S. newspapers' economic performance and content choices from 1944 to 1964. Our empirical strategy exploits quasi-random variation in the timing of the entry of television in different markets. We show that the entry of television was a negative shock for newspapers, particularly evening newspapers, in both the readership and advertising markets. Further, we find a drop in the total quantity of news printed, in particular original reporting, raising concerns about the provision of local news.