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UID:b3c4629cdebd0c2b6eb081e561cc9d17
CATEGORIES:Seminars
CREATED:20210521T212052
SUMMARY:Ruben Durante - Universitat Pompeu Fabra
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:The Impact of Online Competition on Local Newspapers: Evidence from the Int
 roduction of Craigslist" with Milena Djourelova and Gregory Martin\nAbstrac
 t:\nHow does competition from online platforms affect the organization, per
 formance, and editorial choices of newspapers? And what are the implication
 s of these changes for the information voters are exposed to and for their 
 political choices? We study these questions using the staggered introductio
 n of Craigslist - the world’s largest online platform for classified advert
 ising - across US counties between 1995 and 2009. This setting allows us to
  separate the effect of competition for classified advertising from other c
 hanges brought about by the Internet, and to compare newspapers that relied
  more or less heavily on classified ads ex ante. We find that, following th
 e entry of Craigslist, local papers experienced a significant decline in th
 e number of newsroom and management staff. Cuts in editorial staff dispropo
 rtionately affected editors covering politics. These organizational changes
  led to a reduction in news coverage of politics and resulted in a decline 
 in newspaper readership, which was not compensated by increased news consum
 ption online or in other media. Finally, we document that this reduced expo
 sure to political news coverage was associated with more party-line voting 
 and increased ideological polarization in voters’ choice\n
DTSTAMP:20260911T051725Z
DTSTART:20211021T163000Z
DTEND:20211021T180000Z
SEQUENCE:0
TRANSP:OPAQUE
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