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Law

University of Tennessee, Knoxville

Law and Economics

2009

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Toward A Better Competition Policy For The Media, Maurice E. Stucke, Allen P. Grunes Nov 2009

Toward A Better Competition Policy For The Media, Maurice E. Stucke, Allen P. Grunes

College of Law Faculty Scholarship

It is difficult to formulate meaningful competition policy when there is a fierce debate over the current competitiveness of the media industry. After addressing the importance of the marketplace of ideas in our democracy, our article examines the current state of the media industry, including the response of traditional media to audience declines, the growth of new media, the impact of media consolidation (including its impact on minority and women ownership), and the role of the Internet. In response to recent calls for liberalizing cross-ownership rules to protect traditional media, our article outlines why conventional antitrust policy is difficult to ...