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Media industries and services present a complex set of challenges to economic analysis: challenges made more difficult by the technological changes that have been transforming the media sector. Research on the economics of media has made major advances in recent years and has contributed greatly to an increasingly sophisticated understanding of how media are shaped by economic forces, including those unleashed by new technologies. This Handbook examines the variety of contexts and infrastructures in which content is produced and distributed and how these influence the types of media products and services available, their pricing, their consumption and the public policies related to them. The original contributions provide a state-of-the-art guide to the most recent thinking and research findings on the broad range of media-related topics addressed by economics research. Written by leading scholars, this book should be informative and of practical value for advanced students, policy makers, industry professionals, economists, media economists, and other academics.

This study of source use in news coverage of local governments by 198 radio stations indicates that radio news stories had fewer and less diverse sources than daily newspaper stories. The differences in source use between radio and weekly newspaper stories were not as great. Predictor variables related to source use indicated that local government stories from publicly supported and TV–radio cross-owned radio stations included more sources and more diverse sources than found in stories from other types of stations. Radio news competition was slightly and positively correlated with greater numbers of sources and source diversity.