Milena Djourelova, Ruben Durante, Gregory J. Martin 25 July 2021
The internet has profoundly changed the environment in which traditional media operate. In particular, over the past decades, competition from online platforms has contributed to the sharp decline in newspapers’ advertising revenues,1 forcing many outlets to drastically rethink their business model and organisation. How these changes affect news reporting, and, ultimately, the ability of local newspapers to inform citizens about political matters, is a question of paramount importance for the future of journalism and for democratic politics (Angelucci et al. 2021).
Yet, rigorous evidence on this issue is scant, mainly due to the difficulty of separating the effect of online competition