News feeds are no longer free: policy implications from Australia

Loan Cong To Nguyen and Michael O’Connor Keefe

Applied Economics, 2024, vol. 56, issue 32, 3822-3836

Abstract: In 2021, the Australian Government introduced its News Media and Digital Platforms Mandatory Bargaining Code (‘the Code’) to support the sustainability of the country’s journalism. Using Event Study Methodology, we find a collectively positive stock market reaction in the news media industry to the introduction of the Code, although different patterns amongst individual firms and groups by size to the different stages of the Code’s development. The large-firm group records larger gain in terms of equity value, but a lower percentage gain than small and medium enterprises. The economic importance of our findings reinforces the Australian Government’s regulatory approach as a means to sustain the legitimate interest of businesses and consumers in the news media sector.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2023.2208846 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:56:y:2024:i:32:p:3822-3836

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

DOI: 10.1080/00036846.2023.2208846

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().