Corpus ID: 150726778

How they made news pay: news traders’ quest for crisis-resistant business models

@inproceedings{Bakker2014HowTM,
  title={How they made news pay: news traders’ quest for crisis-resistant business models},
  author={Gerben Bakker},
  year={2014}
}
This paper discusses the problem, implied by Arrow’s fundamental paradox of information, of how to make money from news. To earn money from important news, news traders need to tell the potential buyer what it is, yet once they have revealed it, the buyer no longer needs to pay. This paper discusses how historically this paradox made it difficult for news agencies to profit from selling important news during crises, and how they gradually developed new business models in response. It examines… Expand
3 Citations
How do media-owned national news agencies survive in the digital age? Business diversification in Austria Presse Agentur, Press Association and Tidningarnas Telegrambyrå
This article explores three national news agencies in Europe (Press Association Group in the United Kingdom, Austria Presse Agentur in Austria and Tidningarnas Telegrambyrå in Sweden) in order toExpand
Soft power: the media industries in Britain since 1870
This paper discusses the emergence and growth of various media industries in Britain. It shows how a rise in real wages and leisure time, rapid urbanisation and the development of fast urbanExpand
Innovation and Technical Change
Developed countries would need an economy three to four times their present size to provide the same outputs but with 1820 technology. This astounding technological advancement demands anExpand

References

SHOWING 1-10 OF 58 REFERENCES
Paying for crisis news: the dilemmas of news organizations
This paper discusses the problem, implied by Arrow’s fundamental paradox of information, of how to make money from news. To earn money from important news, news traders need to tell the potentialExpand
Trading facts: Arrow's fundamental paradox and the origins of global news networks
Since the Renaissance newsbrokers have developed solutions to overcome the main problem of selling news. The ‘fundamental paradox in the determination of demand for information’, originallyExpand
Trading Facts: Arrow's Fundamental Paradox and the Emergence of Global News Networks, 1750-1900
The nineteenth century saw the advent of news agencies that became well-coordinated global organisations with large networks of correspondents, such as Reuters, Havas, Wolff-Continental andExpand
News as a Public Good: Cooperative Ownership, Price Commitments, and the Success of the Associated Press
In this article Professor Shmanske examines the history of the wire service industry with special attention to two economic peculiarities: the “public good” nature of news dissemination and theExpand
The Role of the Media in a Bubble
We examine the role of the news media during the British Railway Mania, arguably one of the largest financial bubbles in history. Our analysis suggests that the press responded to changes in theExpand
Media Bias in Financial Newspapers: Evidence from Early-Twentieth-Century France
The financial market was well developed in France in the years before World War I, and there were many newspapers that provided information to investors. Yet commentators at the time faulted theExpand
The Role of the Media in the Internet IPO Bubble
Abstract We read all news items that came out between 1996 and 2000 on 458 Internet initial public offerings (IPOs) and a matching sample of 458 non-Internet IPOs (a total of 171,488 news items) andExpand
The Price of Media Capture and the Looting of Newspapers in Interwar France
This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers and readers face similar risks. Both are adversely affected when corrupt insidersExpand
Sentiment during recessions
This paper studies the eect of sentiment on asset prices during the 20th century (1905 to 2005). As a proxy for sentiment, we use the fraction of positive and negative words in two columns of nancialExpand
Economic Information on International Markets: French Strategies in the Italian Mirror (Nineteenth–Early Twentieth Centuries)
During 1870–1914, business actors were concerned about the increasing uncertainty and occasional cheating in commercial relationships. In such situations, economic actors seek to improve theExpand
...
1
2
3
4
5
...