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Local media ownership and media quality

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  • Rennhoff, Adam D.
  • Wilbur, Kenneth C.

Abstract

The Federal Communications Commission regulates local media ownership to promote competition, diversity and the provision of local programming. This study investigates how local media cross-ownership, co-ownership and ownership diversity are associated with media market outcomes. Cross-sectional regressions indicate that television station ownership consolidation is associated with increased local TV news production but lower news ratings. However, panel estimation finds that changes in local media ownership are uncorrelated with local media usage or programming, producing confidence intervals that are tightly centered around zero.

Suggested Citation

  • Rennhoff, Adam D. & Wilbur, Kenneth C., 2012. "Local media ownership and media quality," Information Economics and Policy, Elsevier, vol. 24(3), pages 231-242.
  • Handle: RePEc:eee:iepoli:v:24:y:2012:i:3:p:231-242
    DOI: 10.1016/j.infoecopol.2012.08.001
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    References listed on IDEAS

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    Cited by:

    1. Van der Burg, Miriam & Van den Bulck, Hilde, 2015. "Economic, political and socio-cultural welfare in media merger control: An analysis of the Belgian and Dutch competition authorities’ reviews of media mergers," Information Economics and Policy, Elsevier, vol. 32(C), pages 2-15.
    2. Jessica Calfee Stahl, 2016. "Effects of Deregulation and Consolidation of the Broadcast Television Industry," American Economic Review, American Economic Association, vol. 106(8), pages 2185-2218, August.

    More about this item

    Keywords

    Concentration; Media; Regulation; Television;

    JEL classification:

    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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