The Political Economy of Mass Media

@article{Prat2011ThePE,
  title={The Political Economy of Mass Media},
  author={Andrea Prat and David Str{\"o}mberg},
  journal={CEPR Discussion Paper Series},
  year={2011}
}
We review the burgeoning political economy literature on the influence of mass media on politics and policy. This survey, which covers both theory and empirics, is organized along four main themes: transparency, capture, informative coverage, and ideological bias. We distill some general lessons and identify some open questions. 
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