28 Pages Posted: 5 Jan 2012 Last revised: 3 Oct 2012
Date Written: July 31, 2012
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.
Suggested Citation: Suggested Citation
Rennhoff, Adam D. and Wilbur, Kenneth C., Local Media Ownership and Media Quality (July 31, 2012). TPRC 2011. Available at SSRN: https://ssrn.com/abstract=1979917