The Price of Media Capture and the Looting of Newspapers in Interwar France
This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers and readers face similar risks. Both are adversely affected when corrupt insiders use the newspaper for personal profit and receive invisible revenues. This means that relevant data on influence and exploitation of newspaper has been hiding in plain sight in stock exchange or over-the-counter prices, since stock transactions reflect the value of this capture. Empirical data is consistent with increasing levels of looting in France during the 1930s. We provide a comparison with Britain and argue that Britain managed to protect its newspapers better.
|Date of creation:||Jun 2012|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bignon, Vincent & Miscio, Antonio, 2010.
"Media bias in financial newspapers: evidence from early twentieth-century France,"
European Review of Economic History,
Cambridge University Press, vol. 14(03), pages 383-432, December.
- Vincent Bignon & Antonio Miscio, 2009. "Media Bias in Financial Newspapers: Evidence from Early 20th Century France," EconomiX Working Papers 2009-4, University of Paris West - Nanterre la Défense, EconomiX.
- Bovitz, Gregory L & Druckman, James N & Lupia, Arthur, 2002. " When Can a News Organization Lead Public Opinion? Ideology versus Market Forces in Decisions to Make News," Public Choice, Springer, vol. 113(1-2), pages 127-55, October.
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:9014. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.