Local media ownership and media quality |
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| Authors: | Adam D. Rennhoff Kenneth C. Wilbur |
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| Affiliation: | 1. Jones College of Business, Middle Tennessee State University, P.O. Box 27, Murfreesboro, TN 37132, United States;2. Fuqua School of Business, Duke University, 100 Fuqua Drive, P.O. Box 90120, Durham, NC 27708-0210, United States;1. Politecnico di Torino, DIGEP, European University Institute, FSR, Italy;2. IMT Lucca, European University Institute, FSR, Italy;1. College of Materials Science and Engineering, Beijing University of Chemical Technology, Beijing 100029, China;2. Research Institute of Chemical Defense, Beijing 100191, China;1. Institute of Bioinformatics and Biotechnology, Savitribai Phule Pune University, Pune 411007, India;2. Chemical Engineering and Process Development Division, CSIR-National Chemical Laboratory (CSIR-NCL), Pune 411008, India;1. Fine Particle and Aerosol Technology Laboratory, University of Eastern Finland, P.O. Box 1627, FI-70211 Kuopio, Finland;2. Karelia University of Applied Sciences, Centre For Bioeconomy, Sirkkalantie 12 A, FI-80100 Joensuu, Finland;3. Inhalation Toxicology Laboratory, University of Eastern Finland, P.O. Box 1627, FI-70211 Kuopio, Finland;1. U.S. Environmental Protection Agency, Office of Research and Development, National Exposure Research Laboratory, Research Triangle Park, North Carolina, USA;2. Alion Science and Technology, Durham, North Carolina, USA;3. U.S. Environmental Protection Agency, Office of Research and Development, National Risk Management Research Laboratory, Research Triangle Park, North Carolina, USA;4. Student Services Contractor, Research Triangle Park, North Carolina, USA;5. U.S. Environmental Protection Agency, Office of Research and Development, National Health and Environmental Effects Research Laboratory, Chapel Hill, North Carolina, USA;1. The Ohio State University, Columbus, OH, United States;2. Purdue University, West Lafayette, IN, United States |
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| Abstract: | The Federal Communications Commission regulates local media ownership to promote competition, diversity and the provision of local programming. This study investigates how local media cross-ownership, co-ownership and ownership diversity are associated with media market outcomes. Cross-sectional regressions indicate that television station ownership consolidation is associated with increased local TV news production but lower news ratings. However, panel estimation finds that changes in local media ownership are uncorrelated with local media usage or programming, producing confidence intervals that are tightly centered around zero. |
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