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All The News That'S Fit To Sell. How The Market Transforms Information Into News.

All The News That'S Fit To Sell. How The Market Transforms Information Into News.

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  • ISBN:9780691116808
  • Editorial: Princeton University Press
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:342
  • Idiomas:Inglés,Ingles

Materias:

That market forces drive the news is not news. Whether a story appears in print, on television, or on the Internet depends on who is interested, its value to advertisers, the costs of assembling the details, and competitors' products. But in this title, economist James Hamilton shows just how this happens. Further more, many complaints about journalism - media bias, soft news, and pundits as celebrities - arise from the impact of this economic logic on news judgments. This book develops an economic theory of news, analyses evidence across a wide range of media markets on how incentives affect news content, and offers policy conclusions. Media bias, for instance, was long a staple of the news. Hamilton's analysis of newspapers from 1870 to 1900 reveals how nonpartisan reporting became the norm. A hundred years later, some partisan elements reemerged as, for example, evening news broadcasts tried to retain young female viewers with stories aimed at their (Democratic) political interests. Examination of story selection on the network evening news programmes from 1969 to 1998 shows how cable competition, deregulation and ownership changes encouraged a shift from hard news about politics toward more soft news about entertainers. Hamilton concludes by calling for lower costs of access to government information, a greater role for nonprofits in funding journalism, the development of norms that stress hard news reporting and the defining of digital and Internet property rights to encourags the flow of news. Ultimately, this book shows that by more fully understanding the economics behind the news, we should be better positioned to ensure that the news serves the public good.

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