We construct a new index of media slant that measures whether a news outlet.s language is more similar to that of a congressional Republican or Democrat. We apply the measure to study the market forces that determine political con- tent in the news. We estimate a model of newspaper demand that...

We construct a new index of media slant that measures whether a news outlet.s language is more similar to that of a congressional Republican or Democrat. We apply the measure to study the market forces that determine political con- tent in the news. We estimate a model of newspaper demand that...

Using a panel of 138 countries over 1994-2005 we identify a channel through which a media free from government control promotes domestic investment. We hypothesize that a free media may enhance socio-political stability creating a favorable investment climate that attracts investment. A...

This article reviews the development of the media sector in British Hong Kong to the point where it was established as the most extensive and free such sector in East Asia. It then considers the challenges faced by the media sector following the reversion of sovereignty over Hong Kong, in 1997,...

Using a panel of 138 countries over 1994-2005 we identify a channel through which a media free from government control promotes domestic investment. We hypothesize that as media becomes freer socio-political stability is enhanced due to the creation of a favorable business climate that attracts...

This paper defines the power of a media organization as its ability to induce voters to make electoral decisions they would not make if reporting were unbiased. It derives a robust upper bound to media power over a range of assumptions about the beliefs and attention patterns of voters. The...

Freedom of expression in general, and media development in particular, are core to UNESCO's constitutional mandate to advance ‘the mutual knowledge and understanding of peoples, through all means of mass communication' and promoting ‘the free flow of ideas by word and image.' For UNESCO,...