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Discussion Papers, Kellogg School of Management, Northwestern University >
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http://hdl.handle.net/10419/59681
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| Title: | | Concentration and self-censorship in commercial media  |
| Authors: | | Germano, Fabrizio Meier, Martin |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion Paper, Center for Mathematical Studies in Economics and Management Science 1518 |
| Abstract: | | Within a simple model of non-localized, Hotelling-type competition among arbitrary numbers of media outlets we characterize quality and content of media under different ownership structures. Assuming advertising-sponsored, profit-maximizing outlets, we show that (i) topics sensitive to advertisers can be underreported (self-censored) by all outlets in the market, (ii) self-censorship increases with the concentration of ownership, (iii) adding outlets, while keeping the number of owners fixed, may even increase self-censorship; the latter result relies on consumers' most preferred outlets being potentially owned by the same media companies. We argue that externalities resulting from self-censorship could be empirically large. |
| Subjects: | | media economics media consolidation media markets advertising and commercial media bias |
| JEL: | | L13 L82 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers, Kellogg School of Management, Northwestern University
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