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James T. Hamilton That 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. 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. 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.
“Using a variety of surveys and statistical charts of who watches what and how the news menu has been altered, Hamilton doesn’t just assert the change; he proves it.”
Publisher: PRINCETON UNIVERSITY PRESS