Thursday, April 06, 2006
There is a nice summary in Slate of a new paper by Matthew Gentzkow and Jesse M. Shapiro. They argue that a media outlet's concern for its reputation tempers potential bias. Their core argument is that competition in the media will generate a diversity of opinions and reduce overall bias. This is all related to an earlier post of mine on cross media ownership; again focusing on competition as being important rather than cross media ownership per se.