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- W3123669392 abstract "Newspaper Joint Operating Agreements (JOAs) are long-term, inflexible contracts between metropolitan daily newspapers in the same market. These contracts maintain two editorial voices while combining all business operations of the two competitors in order to capture many of the scale economies that have put an end to newspaper competition in most markets. The question we address is what, if anything, drives newspapers to compete editorially once a JOA is formed? With contract terms that run in the tens of years, one might reasonably question whether incentives exist to prod the partners to continue rigorous competition. Our study of JOA contracts indicates that the history of JOAs is filled with instances of unprogrammed renegotiations and that how the partners fare in these negotiations appears to be driven by each party's relative success in the market since the agreement was initiated. In essence, forming a JOA does not resolve the issue of which newspaper will remain in the marketplace once the JOA terminates. Editorial competition throughout the life of the JOA resolves this issue." @default.
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- W3123669392 date "2012-06-01" @default.
- W3123669392 modified "2023-10-18" @default.
- W3123669392 title "Atheory of Quality Competition in Newspaper Joint Operating Agreements" @default.
- W3123669392 doi "https://doi.org/10.1177/0003603x1205700206" @default.
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