Do Newspapers Matter? Short-run and Long-run Evidence from the Closure of The Cincinnati Post
---- Acknowledgements -----
A previous version of this paper circulated under the title "Do Newspapers Matter? Evidence from the Closure of The Cincinnati Post." We are grateful to employees of The Cincinnati Post and the E.W. Scripps Co., several of whom requested anonymity, for helpful conversations. They are not responsible in any way for the content of this paper. We also thank Alícia Adserà, Anne Case, Taryn Dinkelman, Ying Fan, Douglas Gollin, Bo Honoré, James Schmitz, Jesse Shapiro, and numerous seminar participants for valuable suggestions, and Joan Gieseke for editorial assistance. Miryam Hegazy, Tony Hu, and Xun Liu provided excellent research assistance. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federal Reserve System, Edgeworth Economics, or the views of the National Bureau of Economic Research.