Do Newspapers Matter? Short-run and Long-run Evidence from the Closure of The Cincinnati Post
AbstractThe Cincinnati Post published its last edition on New Year's Eve 2007, leaving the Cincinnati Enquirer as the only daily newspaper in the market. The next year, fewer candidates ran for municipal office in the Kentucky suburbs most reliant on the Post, incumbents became more likely to win reelection, and voter turnout and campaign spending fell. These changes happened even though the Enquirer at least temporarily increased its coverage of the Post's former strongholds. Voter turnout remained depressed through 2010, nearly three years after the Post closed, but the other effects diminished with time. We exploit a difference-in-differences strategy and the fact that the Post's closing date was fixed 30 years in advance to rule out some non-causal explanations for our results. Although our findings are statistically imprecise, they demonstrate that newspapers – even underdogs such as the Post, which had a circulation of just 27,000 when it closed – can have a substantial and measurable impact on public life.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 14817.
Date of creation: Mar 2009
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Publication status: published as Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post September 2012 - Staff Report 474 Published In: Journal of Media Economics (Vol. 26, No. 2, 2013, pp. 60-81)
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Other versions of this item:
- Sam Schulhofer-Wohl & Miguel Garrido, 2011. "Do newspapers matter? Short-run and long-run evidence from the closure of The Cincinnati Post," Working Papers, Federal Reserve Bank of Minneapolis 686, Federal Reserve Bank of Minneapolis.
- Miguel Garrido & Sam Schulhofer-Wohl, 2012. "Do newspapers matter? Short-run and long-run evidence from the closure of The Cincinnati Post," Staff Report, Federal Reserve Bank of Minneapolis 474, Federal Reserve Bank of Minneapolis.
- H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
- K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- N82 - Economic History - - Micro-Business History - - - U.S.; Canada: 1913-
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