This paper examines the pivotal role of journalists in shaping economic narratives, focusing on inflation coverage in Germany in 2022. While the media's influence on disseminating economic narratives is widely acknowledged, little research has focused on journalists, the agents responsible for...

This paper examines the pivotal role of journalists in shaping economic narratives, focusing on inflation coverage in Germany in 2022. While the media's influence on disseminating economic narratives is widely acknowledged, little research has focused on journalists, the agents responsible for...

The development of artificial intelligence (hereafter referred to as AI) has permeated various industrial sectors, significantly transforming organizational dynamics and strategic approaches. The rapid proliferation of information and communication technology (ICT) and the ongoing process of...

Issues linked to the increasing presence of AI-generated content in people's lives, and the importance of being able to effectively navigate and distinguish such content, are inherently linked to transparency, a notion that our study focuses on by evaluating Art. 50 of the AI Act. This article...

In this study, we propose a novel approach to detect supply-side media bias, independent of external factors like ownership or editors' ideological leanings. Analyzing over 100,000 articles from The New York Times (NYT) and The Wall Street Journal (WSJ), complemented by data from 22 million...

Issues linked to the increasing presence of AI-generated content in people's lives, and the importance of being able to effectively navigate and distinguish such content, are inherently linked to transparency, a notion that our study focuses on by evaluating Art. 50 of the AI Act. This article...

FROM THE ARTICLE. *** In their book Manufacturing Consent, Edward Herman and Noam Chomsky argue that the mainstream media functions largely as a propaganda arm for the state. When the war drum beats, the corporate media tows the government’s line, censoring facts that don’t fit the official...

With the rise of online video content, especially the growth of online video consumption during the early days of the COVID-19 pandemic, this study focuses on Google's video search as an important but understudied platform to explore Google's role in three media diversity areas - format-type...

In the context of a Critique of the Political Economy of the Media, this article exemplifies the fundamental effects of the globally dominant capitalist private ownership of media companies on media development, journalism, and the public sphere. Selected works by Marx and Engels as well as...

In diesem Beitrag werden im Kontext einer Kritik der politischen Ökonomie der Medien die grundsätzlichen Auswirkungen des weltweit herrschenden kapitalistischen Privateigentums an Medienunternehmen auf Medienentwicklung, Journalismus und Öffentlichkeit exemplarisch aufgezeigt....

Previous literature has suggested that newspaper publishers should optimize how they advertise their online subscriptions. However, empirical findings on the effectiveness of advertising messages in increasing people’s willingness to pay for such online subscriptions are still rare. Therefore,...

This research examines the impact of the Covid-19 pandemic on the newspaper business model innovation (BMI). The results of this study prove that the impact of the pandemic has a positive effect on BMI. The impact of the pandemic has also been shown to have a positive influence on newspapers...

We measure immigrant narratives in German newspapers and assign each sentence to one of seven themes. Using natural language processing (NLP) tools and customized dictionaries, we analyze over 100,000 articles. 45 percent of narratives are on Foreign Religion, 23 percent on Cultural Integration,...

Using newly digitized data on the growth of the telegraph network in America during 1840-1852, the paper studies the impacts of the electric telegraph on national elections. I use proximity to daily newspapers with telegraphic connections to Washington to generate plausibly exogenous variation...

With the rise of online video content, especially the growth of online video consumption during the early days of the COVID-19 pandemic, this study focuses on Google's video search as an important but understudied platform to explore Google's role in three media diversity areas - format-type...

Does media coverage of a firm have a causal effect on the volatility of its stock price and, if so, is this of aggregate importance? This paper identifies a robust link between media coverage in the Financial Times print newspaper and a firm's intra-day stock price volatility. This effect is not...

This paper quantifies mainstream media coverage of Bitcoin to understand how a once niche interest entered public culture. From 2011 to 2022, five key narratives are identified as criminality, culture, politics, price and technology. Price, politics, and culture have become more prominent in...

Does media coverage of a firm have a causal effect on the volatility of its stock price and, if so, is this of aggregate importance? This paper identifies a robust link between media coverage in the Financial Times print newspaper and a firm’s intra-day stock price volatility. This effect is...

We examine whether the local press is an effective governance mechanism for monitoring and inhibiting financial adviser misconduct. Using local newspaper closure as a negative shock to the local press, we find that financial advisers who are located in counties with newspaper closures are more...

We develop a new monthly indicator of supply bottlenecks using newspaper articles. The supply bottlenecks index (SBI) provides a consistent narrative of supply issues related to wars, natural disasters, strikes and, most recently, the COVID-19 pandemic. Innovations in the SBI have important...

The digitization of content has led to the emergence of platforms that draw information from multiple sources. This paper investigates whether aggregation of content by a single platform encourages users to “skim” content or to investigate it in depth. We study a contract dispute that led a...

Nicht nur die Erforschung des Klimawandels ist komplex, sondern auch die Analyse der Kommunikation über diese Forschung. Kommunikation über den Klimawandel ist nicht nur Wissenschaftskommunikation, sondern schon seit langem mindestens im gleichen Maße politische Kommunikation. Das zeigt sich...

This article presents a theoretical model of the strategic interaction between a newspaper and a digital platform. For a broad range of consumer preferences, entry by the digital platform causes the newspaper to reduce its readership, quality and advertising, and also to lose advertising...

We study the impact of the first American party committed to redistribution from rich to poor on anti-Black media content in the 1890s. The Populist Party sought support among poor farmers, regardless of race, providing the segregationist Democratic establishment in the South with an incentive...

Media have been shown to produce corporate information to stakeholders and monitor firms’ misconducts, but little is known about the role of media in producing decision-useful public information to firm managers. To shed light on this issue, I employ local newspaper closures as a plausibly...

Through the recent Directive on Copyright in the Digital Single Market, the EU legislator has attempted to regulate issues related to the rise of big digital players on the news content market by introducing a mechanism from the array of the copyright regulatory area—a new related right in...

Local daily newspapers historically played an important role in U.S. democracy by providing citizens with information about local policy issues. In recent decades, local newspapers have struggled to compete with new online platforms. In the first study of private equity (PE) in a struggling...

We study the effect of a corruption reflection index on internal conflict in Iran using a novel measure of corruption based on newspaper coverage. We use the Vector Autoregression (VAR) model and its applied tools of impulse response and variance decomposition analyses to track the response of...

Local daily newspapers historically played an important role in U.S. democracy by providing citizens with information about local policy issues. In recent decades, local newspapers have struggled to compete with new online platforms. In the first study of private equity (PE) in a struggling...

The effectiveness of regulator activity, such as inspections and audits, increases with the deterrence effects triggered by such activity. Deterrence can be increased through information dissemination (e.g., newspaper coverage) about regulator activity. I combine detailed inspection data from...

We examine changes in bank loan contracts after borrowers experience a nearby local newspaper closure. Compared to a sample of control firms, we find that the closure of a local newspaper leads to higher interest spreads for borrowers. The effect is stronger when the local newspaper is more...

Immigration is one of the most divisive political issues in many countries today. Competing narratives, circulated via the media, are crucial in shaping how immigrants' role in society is perceived. We propose a new method combining advanced natural language processing tools with dictionaries to...