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来源类型Working Paper
规范类型报告
DOI10.3386/w29743
来源IDWorking Paper 29743
Local Journalism under Private Equity Ownership
Michael Ewens; Arpit Gupta; Sabrina T. Howell
发表日期2022-02-14
出版年2022
语种英语
摘要Local daily newspapers historically played an important role in U.S. democracy by providing citizens with information about local policy issues. In recent decades, local newspapers have struggled to compete with new online platforms. In the first study of private equity (PE) in a struggling industry, we find nuanced effects. PE leads to higher digital circulation and lower chances of newspaper exit. However, the composition of news shifts away from local governance, the number of reporters and editors falls, and participation in local elections declines. The results have implications for knowledge about local policy issues and highlight trade-offs surrounding media ownership.
主题Financial Economics ; Financial Institutions ; Corporate Finance ; Public Economics ; Public Goods ; Industrial Organization ; Industry Studies
URLhttps://www.nber.org/papers/w29743
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587417
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Michael Ewens,Arpit Gupta,Sabrina T. Howell. Local Journalism under Private Equity Ownership. 2022.
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