All the News That's Fit to Sell
How the Market Transforms Information into News
By (author) James T. Hamilton
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All the News That's Fit to Sell by James T. Hamilton
Book DescriptionThat 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 All the News That's Fit to Sell, economist James Hamilton shows just how this happens. Furthermore, many complaints about journalism--media bias, soft news, and pundits as celebrities--arise from the impact of this economic logic on news judgments. This is the first book to develop an economic theory of news, analyze evidence across a wide range of media markets on how incentives affect news content, and offer 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 programs 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 encourage the flow of news. Ultimately, this book shows that by more fully understanding the economics behind the news, we will be better positioned to ensure that the news serves the public good.
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Book DetailsISBN: 9780691123677
(229mm x 152mm x 21mm)
Imprint: Princeton University Press
Publisher: Princeton University Press
Publish Date: 13-Mar-2006
Country of Publication: United States
Books By Author James T. Hamilton
Transparency in Politics and the Media, Paperback (November 2013)
This volume analyses the challenges and opportunities presented to journalists as they attempt to hold governments accountable in an era of professed transparency.
Regulation Through Revelation, Paperback (July 2011)
This 2005 text discusses the US Toxics Release Inventory Program and its impacts as a case study of legislation.
Channeling Violence, Paperback (August 2000)
Presents a theoretical and empirical examination of the market for television violence. This book approaches television violence as an example of market failure. It argues that television violence generates negative externalities, defined as costs borne by others than those involved in the production activity.
Calculating Risks?, Hardback (September 1999)» View all books by James T. Hamilton
Presents an analysis of the magnitude of hazardous waste risks and of the efficacy of the Environmental Protection Agency's Superfund programme. The authors propose policy reforms that could significantly reduce cleanup costs without sacrificing the protection of human health.
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Author Biography - James T. Hamilton
James T. Hamilton is Charles S. Sydnor Professor of Public Policy, Economics, and Political Science at Duke University. He has written or coauthored six books, including "Regulation through Revelation" and "Channeling Violence" (Princeton), which won the Shorenstein Center's Goldsmith Book Prize. He is also a recipient of the David N. Kershaw award for distinguished public policy research.
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