NBER Publications by Miguel Garrido

The Cincinnati Post published its last edition on New Year's Eve 2007, leaving the Cincinnati Enquirer as the only daily newspaper in the market. The next year, fewer candidates ran for municipal office in the suburbs most reliant on the Post, incumbents became more likely to win re-election, and voter turnout and campaign spending fell. We exploit a difference-in-differences strategy and the fact that the Post's closing date was fixed 30 years in advance to rule out some non-causal explanations for these results. We show that local politics changed even though the Enquirer increased its coverage of the Post's former strongholds. Although our findings are statistically imprecise, they demonstrate that newspapers — even underdogs such as the Post, which had a circulation of just 27,000 when...