Access

You are not currently logged in.

Access JSTOR through your library or other institution:

login

Log in through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

News as a Public Good: Cooperative Ownership, Price Commitments, and the Success of the Associated Press

Stephen Shmanske
The Business History Review
Vol. 60, No. 1 (Spring, 1986), pp. 55-80
Stable URL: http://www.jstor.org/stable/3115923
Page Count: 26
  • Read Online (Free)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
News as a Public Good: Cooperative Ownership, Price Commitments, and the Success of the Associated Press
Preview not available

Abstract

In this article Professor Shmanske examines the history of the wire service industry with special attention to two economic peculiarities: the "public good" nature of news dissemination and the different ownership structures of the competing firms. By focusing on the interplay of the nonprofit, cooperative organizational structure of the Associated Press and the public good characteristics of news, the author provides a new and economically sound explanation for the AP's relative success. In addition, he demonstrates that many unusual institutions in the news-providing industry, particularly pricing structures, can be understood by analyzing the economic and marketing problems associated with private-sector production of a public good.

Page Thumbnails

  • Thumbnail: Page 
[55]
    [55]
  • Thumbnail: Page 
56
    56
  • Thumbnail: Page 
57
    57
  • Thumbnail: Page 
58
    58
  • Thumbnail: Page 
59
    59
  • Thumbnail: Page 
60
    60
  • Thumbnail: Page 
61
    61
  • Thumbnail: Page 
62
    62
  • Thumbnail: Page 
63
    63
  • Thumbnail: Page 
64
    64
  • Thumbnail: Page 
65
    65
  • Thumbnail: Page 
66
    66
  • Thumbnail: Page 
67
    67
  • Thumbnail: Page 
68
    68
  • Thumbnail: Page 
69
    69
  • Thumbnail: Page 
70
    70
  • Thumbnail: Page 
71
    71
  • Thumbnail: Page 
72
    72
  • Thumbnail: Page 
73
    73
  • Thumbnail: Page 
74
    74
  • Thumbnail: Page 
75
    75
  • Thumbnail: Page 
76
    76
  • Thumbnail: Page 
77
    77
  • Thumbnail: Page 
78
    78
  • Thumbnail: Page 
79
    79
  • Thumbnail: Page 
80
    80