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Making News - The Political Economy of Journalism in Britain and America from the Glorious Revolution to the Internet (Paperback)
Loot Price: R961
Discovery Miles 9 610
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Making News - The Political Economy of Journalism in Britain and America from the Glorious Revolution to the Internet (Paperback)
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Donate to Against Period Poverty
Total price: R971
Discovery Miles: 9 710
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This book charts the rise and fall of the newspaper as the primary
medium for the conveyance of news. The book focuses on two of the
most influential media markets in the modern world-Great Britain
and the United States between 1688 and 1995. In 1688, Parliament
created institutional arrangements that would hasten the rise of
the newspaper as the dominant medium for the circulation of news.
In 1995, the National Science Foundation commercialized the
Internet, encouraging an astonishing proliferation of information
on all manner of topics, including the news. Per capita newspaper
circulation had been declining for decades, partly due to shifting
social norms, and partly due to the rise of broadcast news. The
Internet exacerbated this trend, partly because it provided a
cheaper news source, and partly because it quickly became a
superior vehicle for advertising, a major source of revenue for
newspaper publishers for over two-hundred-years. However, only
rarely has advertising revenue and direct sales covered costs.
Almost never has the demand for news generated the revenue
necessary for its supply. Non-market institutional arrangements
have ranged from direct government subsidies to organizational
forms that enabled news organizations to cooperate. From a
historical perspective, the large profits reaped by a handful of
newspaper publishers in the post-Second World War era were
anomalous, and in no sense a baseline for public policy. Never
again will the newspaper be the dominant news medium. To guarantee
an informed citizenry in the future, it is necessary to understand
how the news business worked in the past. This book is organized
around eight essays-each written by a distinguished specialist, and
each explicitly comparative. Its theme is the indispensability in
both Great Britain and the United States of non-market
institutional arrangements in the provisioning of news.
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