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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 thepublic good.

Raves for The Murdoch Mission "Wendy Goldman Rohms exciting new book sheds light on one of the worlds most powerful, yet enigmatic figures Rupert Murdoch. Given unparalleled access to Murdoch and his sprawling media empire, Rohm has drawn a detailed portrait of the man who single-handedly created one of the largest media companies on the planet. Its an epic story not to be missed." Eric Nee, Senior Writer, Fortune magazine "Wendy Goldman Rohm has written a fascinating account of how Rupert Murdochs News Corp. is fighting the battle for access to the worlds audiences and advertisers. The Murdoch Mission is a must read for anyone who wants to understand the people and forces shaping the future of the global media and entertainment business." Michael J. Wolf, Senior Partner & Director, McKinsey & Company "Presenting the man behind the media mogul, The Murdoch Mission aims to dispel much of the mythology about Rupert Murdoch. Author Wendy Goldman Rohm has been given rare access to the man himself, the Murdoch family dynasty, and the top executives who make up his inner sanctum. The Murdoch Mission gives an insight into the driving force behind Murdochs global media ambitions for the new millennium and looks at his high- risk strategies in several world markets." Eve Conway, Producer/Reporter, BBC News "A compelling book that takes the reader deep inside Rupert Murdochs empire, a region few have successfully explored before. Those who read this wonderful book can find out how Rupert continues to forge unorthodox paths in new media that no other media barons have yet had the stamina to explore, never mind weather the risks involved. Author Rohm has managed to get in-depth accessto the mogul as well as his sons and top executives, a rare accomplishment for any journalist. The Murdoch Mission provides a unique look at a man and an empire at their maturity and at the turning point of digital media in a new century.

Advertising Age - Advertising Age is the world's leading source of news, information and data on advertising, marketing and media. The magazine was started as a broadsheet newspaper in Chicago in 1930.

Communal marketing - Communal marketing refers to a marketing practice that incorporates public involvement in the development of an advertising/marketing campaign. A "communal advertising" campaign invites consumers to share their ideas or express their articulation of what the brand means to them through their own personal stories, with the use of print media, film or audio.

Marketing communications - Marketing communications (or marcom) consists of the messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, public relations, sales, and sales promotion are termed marketing communicators, marketing communications managers, or more briefly as marcom managers.

Media economics - Media economics embodies economic theory and practical economic questions specific to media of all types. Of particular concern to media economics are the economic polices and practices of media companies and disciples including journalism and the news industry, film production, entertainment programs, print, broadcast, advertising and public relations.

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