Media Owners and the Political Marketplace

Paper Summary:

This paper explains that the political/governmental complex ensures the press will cast it in a favorable light through interlocking spheres of influence; economically, the press needs the government as it once needed the citizenry. The author points out that high-powered and celebrity journalists are the current go-betweens for the political powers and the market. The paper concludes that if the media owners put public service above profits, and if the political marketplace were not a single-product company, profits might happen both for the owners and for the stakeholders in the political process.

Table of Contents
The Situation Today
Good Old Days
Back to the Future

From the Paper:

"By the time of the Civil War, the relationship between the politicians, the press and the populace had begun to change, and again, economics was the crux. Mainstream political interests were motivated to suppress anti-slavery publications. For economic reason, it was important for both Northern Whigs and Northern Democrats to demonstrate to their Southern copartisans that they were not harboring those opposed to slavery. And, since getting elected required appealing to all parts of the nation, as now, it was necessary for politicians to pander to political sensitivities of influential regions out of proportion to numbers of voters found there."

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