Newspapers and Parties: How Advertising Revenues Created an Independent Press

Maria Petrova

No w0131, Working Papers from Center for Economic and Financial Research (CEFIR)

Abstract: Does economic development promote media freedom? Do higher advertising revenues tend to make media outlets independent of political groups?in?uence? Using data on the 19th century American newspapers, I show that in places with higher advertising revenues, newspapers were more likely to be independent from political parties. Similar results hold when local advertising rates are instrumented by regulations on outdoor advertising and newspaper distribution. I also show that newly created newspapers were more likely to enter the market as independents in markets with higher advertising rates.

Pages: 47 pages
Date: 2009-08
New Economics Papers: this item is included in nep-cul and nep-his
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Citations: View citations in EconPapers (15)

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http://www.cefir.ru/papers/WP131.pdf (application/pdf)

Related works:
Journal Article: Newspapers and Parties: How Advertising Revenues Created an Independent Press (2011)
Working Paper: Newspapers and Parties: How Advertising Revenues Created an Independent Press (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cfr:cefirw:w0131

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