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A Theory of the Press: Entertainment, Bad Guys, and A Search for Certainty


Michael C. Jensen


Harvard Business School; Social Science Electronic Publishing (SSEP), Inc.; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)

Money Manager, pp. 25-28, July 19, 1976

Abstract:     
This paper develops a theory of the press designed to explain why newspapers and other media protect their sources and certain public figures in some cases and expose personal facts about them in others. The theory suggests that the primary function of the news media is not to inform but to provide entertainment, and that this fundamentally affects what information is and is not presented to its consumers. Moreover, it provides the basis of a theory that explains media behavior in general.

Keywords: Political Economy, News, Media, Manipulation, Bias

Number of Pages in PDF File: 11

Keywords: Political Economy, News, Media, Manipulation, Bias

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Date posted: November 9, 2003  

Suggested Citation

Jensen, Michael C., A Theory of the Press: Entertainment, Bad Guys, and A Search for Certainty. Money Manager, pp. 25-28, July 19, 1976. Available at SSRN: http://ssrn.com/abstract=440922 or http://dx.doi.org/10.2139/ssrn.440922

Contact Information

Michael C. Jensen (Contact Author)
Harvard Business School ( email )
Soldiers Field
Negotiations, Organizations & Markets
Boston, MA 02163
United States
617-510-3363 (Phone)
305-675-3166 (Fax)
HOME PAGE: http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=ovr&facId=6484
Social Science Electronic Publishing (SSEP), Inc. ( email )
7858 Sanderling Road
Sarasota, FL 34242
United States
617-510-3363 (Phone)
305 675-3166 (Fax)
HOME PAGE: http://ssrn.com/author=9

National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
European Corporate Governance Institute (ECGI) ( email )
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
Feedback to SSRN (Beta)


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