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Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality?
“Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

Book Excerpts

Influencers Work in Opacity and Need Professional Organization

Emily Hund
Excerpted from THE INFLUENCER INDUSTRY: The Quest for Authenticity on Social Media © 2023 by Emily Hund. Reprinted by permission of Princeton University Press.
Antitrust and Competition

How Monopolies are Making TV Worse

G. Vaughn Joy
In the 1990s, a host of antitrust rules impacting the television industry were repealed. Today’s streaming giants are exploiting the rollback and vertically integrating, a trend that will reduce the quality of TV shows and send us back to the era of network giants.
Antitrust and Competition

The Dangers of Google’s Search Trial Secrecy

Erin Carroll
Erin Carroll writes that the lack of public access to the Google search antitrust trial has resulted in unprecedented secrecy which, she writes, could undermine the public’s trust in the outcome and start a dangerous trend amongst other Big Tech companies facing similar trials. 
Big Tech

How Big Tech Uses Net Neutrality To Subvert Competition

Roslyn Layton
A decade of evidence suggests that Open Internet policies have delivered the opposite effect.
Book Excerpts

How Financial Experts Convince You That They’re the Experts

Alex Preda
In The Spectacle of Expertise: Why Financial Analysts Perform in the Media, Alex Preda explores how financial analysts produce their advice and convince audiences...
Commentary

What Are The Media For?

Surya Gowda
In response to ProMarket's debate about the Twitter Files and the roles of social media and traditional media, Surya Gowda argues that a more...
Big Tech

The Wicked Problem Embodied by The Twitter Files

Tom Ginsburg
In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in the meaning...
Media

Kyiv Independent Editor-in-Chief: “Leaving Ukraine is the Last Thing I Would Want To Do”

Brooke Fox
The editor-in-chief of the Kyiv Independent speaks with FT journalist Edward Luce in an exclusive video interview covering the challenges of her position, the...
Media

Chart of the Week: Most News in Russia is Government-Owned or Influenced

Brooke Fox
Of 3.9 million Russian news articles studied, 77 percent were from either a government-owned or government-influenced outlet. In a study which collected 3.9 million...
Antitrust and Competition

How Big Media Handed Digital Advertising to Big Tech

Oles Andriychuk
The current structure of digital advertising markets makes the Google-Facebook duopoly an unavoidable trading partner for every party in the content consumption supply chain,...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.