Who Owns the Media?
We examine the patterns of media ownership in 97 countries around the world. We find that almost universally the largest media firms are owned by the government or by private families. Government ownership is more pervasive in broadcasting than in the printed media. We then examine two theories of g...
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| Veröffentlicht in: | The Journal of law & economics 2003-10, Vol.46 (2), p.341-382 |
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| container_end_page | 382 |
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| container_issue | 2 |
| container_start_page | 341 |
| container_title | The Journal of law & economics |
| container_volume | 46 |
| creator | Djankov, Simeon McLiesh, Caralee Nenova, Tatiana Shleifer, Andrei |
| description | We examine the patterns of media ownership in 97 countries around the world. We find that almost universally the largest media firms are owned by the government or by private families. Government ownership is more pervasive in broadcasting than in the printed media. We then examine two theories of government ownership of the media: the public interest (Pigouvian) theory, according to which government ownership cures market failures, and the public choice theory, according to which government ownership undermines political and economic freedom. The data support the second theory. |
| doi_str_mv | 10.1086/377116 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0022-2186 |
| ispartof | The Journal of law & economics, 2003-10, Vol.46 (2), p.341-382 |
| issn | 0022-2186 1537-5285 |
| language | eng |
| recordid | cdi_jstor_primary_3692511 |
| source | HeinOnline Law Journal Library; JSTOR Archive Collection A-Z Listing; University of Chicago Press Journals (Full run) |
| subjects | Broadcasting stations Business structures Countries Economic models Economic theory Freedom Freedom of the press Government sponsored enterprises International Mass media Monopoly News media School enrollment Studies Voting rights |
| title | Who Owns the Media? |
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