We review the burgeoning political economy literature on the influence of mass media on politics and policy. This survey, which covers both theory and empirics, is organized along four main themes: transparency, capture, informative coverage, and ideological bias. We distill some general lessons and identify some open questions.

Andrea Prat and David Stromberg
Working Paper
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Full Citation

Prat, Andrea and David Stromberg
. The Political Economy of Mass Media. November 26, 2013.