The digitization has reshaped the multimedia industry in a tremendous way and particularly driven the transition from physical to digital goods. With respect to the book industry, Amazon reported that purchases of e-books had surpassed those of print books for the first time in 2011. The goal of...

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...

The internet enables the media to initially post and change articles at any time. I compare this situation to one in which news can only be released once. I determine the editorial standard, a cutoff for how confident a firm must be to post an article. If changing a story is costly, the firm's...