ABSTRACT

International business media enjoy a sweeping advantage over national competitors, with Anglo-Saxon (The Economist, the Financial Times, The Wall Street Journal, Bloomberg, Reuters, etc.) media clearly leading the pack. Elsewhere, national business media that have held up pretty well in recent years are facing tough competition, a constellation that is bound to create an awkward situation, particularly in smaller countries where national business media brands are at risk of being driven out of the market. In a scenario of emerging business news deserts, the toll on the economy is bound to be substantial, as independent scrutiny of companies, governments, and markets at the national and regional level may largely vanish. Among possible remedies is the strengthening of public-service media and competition policy.