Nicht erst seit der geplanten Fusion zwischen den beiden Medienkonzernen, der ProSiebenSat.1 Media AG und der Axel Springer AG im Jahr 2005, wird in Deutschland aber auch in anderen Ländern, wie der USA, Großbri-tannien und Australien eine rege Diskussion darüber geführt, wie crossme-diale...

The purpose of this article is to analyze how competitive forces may influence the way media firms like TV channels raise revenue. A media firm can either be financed by advertising revenue, by direct payment from the viewers (or the readers, if we consider newspapers), or by both. We show that...

Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and...