The Structure of the News Market in Britain, 1870–1914

Jonathan Silberstein‐Loeb

25 citations0/0 files storedThe Business History Review

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Media, Journalism, and Communication History Historical Economic and Social Studies Merger and Competition Analysis

Abstract

In this essay, I grapple with three main questions: What effect did the nationalization of telegraphy in 1868–70 have on the structure of the news market in Britain? How did this market structure affect the pricing and supply of news? What effects did subsequent technological change have on the structure of the news market? I show that nationalization resulted in a tripartite market arrangement characterized by collusion that benefited the provincial press over the London press, but retarded the productivity of the General Post Office and the adoption of new technology.

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References

2004Oxford Dictionary of National Biography 1994Forging Industrial Policy 1994Forging Industrial Policy: The United States, Britain, and France in the Railway Age.1979Newspaper History: From the Seventeenth Century to the Present Day 1984The Marketplace of Ideas: A Legitimizing Myth 1998Morality and the Market in Victorian Britain 1987Victorian News and Newspapers 1986Victorian News and Newspapers

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2017The origins of marketing practice in Britain: from the ancient to the early twentieth century

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