ISSN:
1573-6997
Keywords:
concentration
;
convergence
;
cross-media ownership
;
economies of scale
;
media policy
Source:
Springer Online Journal Archives 1860-2000
Topics:
Art History
,
Economics
Notes:
Abstract Since the early 1990s, regulators across the globehave faced increasing pressure from media firms toliberalise domestic media and cross-media ownershiprestrictions. Based on empirical research carried outin the U.K., this paper examines the ``economic'' case putforward in favour of deregulation. Findings suggestthat, although factors other than size will affectperformance, there is generally a strong and positivecorrelation between the market share and the operatingprofitability of firms involved in either televisionor radio broadcasting or newspaperpublishing. But, with regard to cross-media ownershipof television and newspapers, there is nocompelling evidence that diagonal integration bringsabout inherent synergies, economies of scope or othereconomic benefits. Thus, whereas a variety ofeconomic efficiency gains may be available to justifya relaxation of restrictions over monomedia expansion,few such benefits can be found in support ofderegulating cross-ownership of television andnewspapers.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1007599617438
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