The Effects of Public Ownership and Newspaper Competition on the Financial Performance of Newspaper Corporations: A Replication and Extension:

摘要: This study supports the conclusions of a 1993 by Blankenburg and Ozanich that degree public ownership affects financial performance media groups. High levels stock outside group result in increased returns to stockholders. The current included competition as an independent variable found groups had lower operating margins spent greater percentage revenues on expenses when higher newspapers faced newspaper competition. Overall, impact was slightly than