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
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, BiasAccepted Paper Series
Date posted: November 9, 2003
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