All The News Thats Fit To Sell

That market forces drive the news is not news. Whether a story appears in print, on television, or on the Internet depends on who is interested, its value to advertisers, the costs of assembling the details, and competitors' products. But in All the News That's Fit to Sell, economist James Hamilton shows just how this happens. Furthermore, many complaints about journalism--media bias, soft news, and pundits as celebrities--arise from the impact of this economic logic on news judgments. This is the first book to develop an economic theory of news, analyze evidence across a wide range of media markets on how incentives affect news content, and offer policy conclusions. Media bias, for instance, was long a staple of the news. Hamilton's analysis of newspapers from 1870 to 1900 reveals how nonpartisan reporting became the norm. A hundred years later, some partisan elements reemerged as, for example, evening news broadcasts tried to retain young female viewers with stories aimed at their (Democratic) political interests. Examination of story selection on the network evening news programs from 1969 to 1998 shows how cable competition, deregulation, and ownership changes encouraged a shift from hard news about politics toward more soft news about entertainers. Hamilton concludes by calling for lower costs of access to government information, a greater role for nonprofits in funding journalism, the development of norms that stress hard news reporting, and the defining of digital and Internet property rights to encourage the flow of news. Ultimately, this book shows that by more fully understanding the economics behind the news, we will be better positioned to ensure that the news serves the public good.

"Over the past fifteen years, journalism has experienced a rapid proliferation of data about online reader behavior in the form of web metrics. These newsroom metrics influence which stories are written, how news is promoted, and which journalists get hired and fired. Some argue that metrics help journalists better serve their audiences. Others worry that metrics are the contemporary equivalent of a stopwatch-wielding factory manager. In Desperate Measures, Caitlin Petre offers a rare behind-the-scenes look at how metrics are reshaping the work of journalism. Over a period of four years, Petre conducted a mix of in-depth interviews and ethnographic observation at three sites. The book first shows how metrics tools are designed and marketed, via Petre's research at the prominent news analytics company Chartbeat. Petre then follows Chartbeat's tool into the newsrooms of two of the company's highest-profile clients: Gawker Media and The New York Times. She finds that newsroom metrics are a powerful form of managerial surveillance and discipline. However, unlike the manager's stopwatch that preceded them, digital metrics are designed to gain the trust of wary journalists by providing a habit-forming user experience that mimics key features of addictive games. She details how the ambiguous nature of the data lead journalists to draw seemingly arbitrary boundaries around uses of audience metrics that are either legitimate or illegitimate. And she examines how metrics intersect with existing newsroom hierarchies. As performance analytics spread to virtually every professional field, Petre's findings speak to the future of expertise and labor relations in contexts far beyond journalism"--

That Market Forces Drive The News Is Not News. Whether A Story Appears In Print, On Television, Or On The Internet Depends On Who Is Interested, Its Value To Advertisers, The Costs Of Assembling The Details, And Competitors Products. But In All The News That S Fit To Sell, Economist James Hamilton Shows Just How This Happens. Furthermore, Many Complaints About Journalism Media Bias, Soft News, And Pundits As Celebrities Arise From The Impact Of This Economic Logic On News Judgments.This Is The First Book To Develop An Economic Theory Of News, Analyze Evidence Across A Wide Range Of Media Markets On How Incentives Affect News Content, And Offer Policy Conclusions. Media Bias, For Instance, Was Long A Staple Of The News. Hamilton S Analysis Of Newspapers From 1870 To 1900 Reveals How Nonpartisan Reporting Became The Norm. A Hundred Years Later, Some Partisan Elements Reemerged As, For Example, Evening News Broadcasts Tried To Retain Young Female Viewers With Stories Aimed At Their (Democratic) Political Interests. Examination Of Story Selection On The Network Evening News Programs From 1969 To 1998 Shows How Cable Competition, Deregulation, And Ownership Changes Encouraged A Shift From Hard News About Politics Toward More Soft News About Entertainers.Hamilton Concludes By Calling For Lower Costs Of Access To Government Information, A Greater Role For Nonprofits In Funding Journalism, The Development Of Norms That Stress Hard News Reporting, And The Defining Of Digital And Internet Property Rights To Encourage The Flow Of News. Ultimately, This Book Shows That By More Fully Understanding The Economics Behind The News, We Will Be Better Positioned To Ensure That The News Serves The Public Good.This Special Low-Priced Edition Is For Sale In India, Bangladesh, Bhutan, Maldives, Nepal, Myanmar, Pakistan And Sri Lanka Only.

"If it bleeds, it leads." The phrase captures television news directors' famed preference for opening newscasts with the most violent stories they can find. And what is true for news is often true for entertainment programming, where violence is used as a product to attract both viewers and sponsors. In this book, James Hamilton presents the first major theoretical and empirical examination of the market for television violence. Hamilton approaches television violence in the same way that other economists approach the problem of pollution: that is, as an example of market failure. He argues that television violence, like pollution, generates negative externalities, defined as costs borne by others than those involved in the production activity. Broadcasters seeking to attract viewers may not fully bear the costs to society of their violent programming, if those costs include such factors as increased levels of aggression and crime in society. Hamilton goes on to say that the comparison to pollution remains relevant when considering how to deal with the problem. Approaches devised to control violent programming, such as restricting it to certain times and rating programs according to the violence they contain, have parallels in zoning and education policies designed to protect the environment. Hamilton examines in detail the microstructure of incentives that operate at every level of television broadcasting, from programming and advertising to viewer behavior, so that remedies can be devised to reduce violent programming without restricting broadcasters' right to compete.

The news media is in the middle of a revolution. Old certainties have been shoved aside by new entities such as WikiLeaks and Gawker, Politico and the Huffington Post. But where, in all this digital innovation, is the future of great journalism? Is there a difference between an opinion column and a blog, a reporter and a social networker? Who curates the news, or should it be streamed unimpeded by editorial influence? Expanding on Andrew Rossi's "riveting" film (Slate), David Folkenflik has convened some of the smartest media savants to talk about the present and the future of news. Behind all the debate is the presence of the New York Times, and the inside story of its attempt to navigate the new world, embracing the immediacy of the web without straying from a commitment to accurate reporting and analysis that provides the paper with its own definition of what it is there to showcase: all the news that's fit to print.

Journalist William McGowan traces the history of "The New York Times," describes its legacy within American journalism, and examines the fate of the "Times" in the twenty-first century.

ONE OF BARACK OBAMA’S FAVORITE BOOKS OF 2022 One of Bill Gates’s “5 books to read this summer,” this New York Times and Wall Street Journal bestseller shows us that America’s political system isn’t broken. The truth is scarier: it’s working exactly as designed. In this “superbly researched” (The Washington Post) and timely book, journalist Ezra Klein reveals how that system is polarizing us—and how we are polarizing it—with disastrous results. “The American political system—which includes everyone from voters to journalists to the president—is full of rational actors making rational decisions given the incentives they face,” writes political analyst Ezra Klein. “We are a collection of functional parts whose efforts combine into a dysfunctional whole.” “A thoughtful, clear and persuasive analysis” (The New York Times Book Review), Why We’re Polarized reveals the structural and psychological forces behind America’s descent into division and dysfunction. Neither a polemic nor a lament, this book offers a clear framework for understanding everything from Trump’s rise to the Democratic Party’s leftward shift to the politicization of everyday culture. America is polarized, first and foremost, by identity. Everyone engaged in American politics is engaged, at some level, in identity politics. Over the past fifty years in America, our partisan identities have merged with our racial, religious, geographic, ideological, and cultural identities. These merged identities have attained a weight that is breaking much in our politics and tearing at the bonds that hold this country together. Klein shows how and why American politics polarized around identity in the 20th century, and what that polarization did to the way we see the world and one another. And he traces the feedback loops between polarized political identities and polarized political institutions that are driving our system toward crisis. “Well worth reading” (New York magazine), this is an “eye-opening” (O, The Oprah Magazine) book that will change how you look at politics—and perhaps at yourself.

Winner of the Goldsmith Book Prize, Shorenstein Center on Media, Politics and Public Policy at the Harvard Kennedy School of Government Winner of the Tankard Book Award, Association for Education in Journalism and Mass Communication Winner of the Frank Luther Mott–Kappa Tau Alpha Journalism & Mass Communication Research Award In democratic societies, investigative journalism holds government and private institutions accountable to the public. From firings and resignations to changes in budgets and laws, the impact of this reporting can be significant—but so too are the costs. As newspapers confront shrinking subscriptions and advertising revenue, who is footing the bill for journalists to carry out their essential work? Democracy’s Detectives puts investigative journalism under a magnifying glass to clarify the challenges and opportunities facing news organizations today. “Hamilton’s book presents a thoughtful and detailed case for the indispensability of investigative journalism—and just at the time when we needed it. Now more than ever, reporters can play an essential role as society’s watchdogs, working to expose corruption, greed, and injustice of the years to come. For this reason, Democracy’s Detectives should be taken as both a call to arms and a bracing reminder, for readers and journalists alike, of the importance of the profession.” —Anya Schiffrin, The Nation “A highly original look at exactly what the subtitle promises...Has this topic ever been more important than this year?” —Tyler Cowen, Marginal Revolution

This report delves into the implications for communities at risk of losing their primary source of credible news. By documenting the shifting news landscape and evaluating the threat of media deserts, this report seeks to raise awareness of the role interested parties can play in addressing the challenges confronting local news and democracy. The Expanding News Desert documents the continuing loss of papers and readers, the consolidation in the industry, and the social, political and economic consequences for thousands of communities throughout the country. It also provides an update on the strategies of the seven large investment firms--hedge and pension funds, as well as private and publicly traded equity groups--that swooped in to purchase hundreds of newspapers in recent years and explores the indelible mark they have left on the newspaper industry during a time of immense disruption.

THE SUNDAY TIMES TOP TEN BESTSELLER From one of our greatest voices in modern philosophy, author of The Course of Love, The Consolations of Philosophy, Religion for Atheists and The School of Life - an accessible and eye-opening exploration of our relationship with 'the news' 'His gift is to prompt us to think about how we live and how we might change things' The Times 'De Botton analyses modern society with great charm, learning and humour. His remedies come as a welcome relief' Daily Mail 'Like all classic de Botton, there are plenty of insightful observations here, peppered with some psychology, a dash of philosophy, a big dollop of commonsense' Scotsman 'The news' occupies a range of manic and peculiar positions in our lives. We invest it with an authority and importance which used to be the preserve of religion - but what does it do for us? Mixing current affairs with philosophical reflections, de Botton offers a brilliant illustrated guide to the precautions we should take before venturing anywhere near the news and the 'noise' it generates. Witty and global in reach, The News will ensure you'll never look at reports of a celebrity story or political scandal in quite the same way again.