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"Television broadcasting Finance."
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Auntie Knows Best? Public Broadcasters and Current Affairs Knowledge
Public service broadcasters (PSBs) are a central part of national news media landscapes, and are often regarded as specialists in the provision of hard news. But does exposure to public versus commercial news influence citizens’ knowledge of current affairs? This question is investigated in this article using cross-national surveys capturing knowledge of current affairs and media consumption. Propensity score analyses test for effects of PSBs on knowledge, and examine whether PSBs vary in this regard. Results indicate that compared to commercial news, PSBs have a positive influence on knowledge of hard news, though not all PSBs are equally effective in this way. Cross-national differences are related to factors such as de jure independence, proportion of public financing and audience share.
Journal Article
The work : searching for a life that matters
The Work is the story of how one young man traced a path through the world to find his life's purpose. Wes Moore graduated from a difficult childhood in the Bronx and Baltimore to an adult life that would find him at some of the most critical moments in our recent history: as a combat officer in Afghanistan; a White House fellow in a time of wars abroad and disasters at home; and a Wall Street banker during the financial crisis. In this insightful book, Moore shares the lessons he learned from people he met along the way--from the brave Afghan translator who taught him to find his fight, to the resilient young students in Katrina-ravaged Mississippi who showed him the true meaning of grit, to his late grandfather, who taught him to find grace in service.--Back cover.
Book
Switching to digital television
Sometime in the next four years, in a move that is bound to anger consumers and endanger the careers of politicians, the United Kingdom plans to turn off its analog, terrestrial television and switch fully to digital TV. Switching to Digital Television argues that, in order for the initiative to succeed, public policymakers need to carefully consider competitive market forces and collaborate with the broadcasting industry. This authoritative study of the government policy behind the switchover also draws on the United Kingdom's experience as a basis for comparative analysis of the United States, Japan, and western European nations, all of which will face similar questions in coming years. \"The book provides an interesting and 'different' history of Digital Television, and if you want to know why and how the decisions were made, it deserves a place on your bookshelf.\"- Jim Slater, Image Technology Magazine \"Michael Starks brilliantly describes the complex mix of Government and industry responses to technological change which have led to the digital switchover process in the UK.\"--Barry Cox, Chairman of Digital UK.
eBook
Market Madness? The Case of Mad Money
We use the popular television show
Mad Money
, hosted by Jim Cramer, to test theories of attention and limits to arbitrage. Stock recommendations on
Mad Money
constitute attention shocks to a large audience of individual traders. We find that stock recommendations lead to large overnight returns that subsequently reverse over the next few months. The spike-reversal pattern is strongest among small, illiquid stocks that are hard to arbitrage. Using daily Nielsen ratings as a direct measure of attention, we find that the overnight return is strongest when high-income viewership is high. We also find weak price effects among sell recommendations. Taken together, the evidence supports the retail attention hypothesis of Barber and Odean (Barber, B., T. Odean. 2008. All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors.
Rev. Financial Stud.
21
(2) 785-818) and illustrates the potential role of media in generating mispricing.
This paper was accepted by Brad Barber, Teck Ho, and Terrance Odean, special issue editors.
Journal Article
Corporate ownership in the TV production sector and cultural diversity: Analysis of consolidated companies and indies’ access to TV drama financing
With the increased international demand for TV drama and rise of global streamers as multi-territory buyers, small successful independent producers of European TV fiction have increasingly become takeaway targets for established and financially strong multinational media conglomerates. Against the background of corporate takeovers and consolidation, an important question is whether and how corporate ownership in the television production sector influences the independence of production companies and content creation, with potential implications for cultural diversity. This article relies upon data analysis of 192 TV drama productions in Denmark and Flanders, Belgium, to better understand the relationship between different corporate configurations of TV drama production companies and their access to domestic and transnational financiers. The study examines independent and consolidated companies engaged in productions across varied financing models, which include financing from public and private broadcasters, transnational streamers, and other financiers. The analysis on financiers involved in production indicates that in both markets transnational streamers financed the largest share of TV drama series from integrated production companies. In Flanders, global streaming platforms only produced fiction series in collaboration with domestic broadcasters as co-financiers, whereas in Denmark, streamers predominantly acted as sole financiers for TV drama productions. The findings indicate that traditional financiers in Flanders and Denmark are crucial in financing content produced by stand-alone indies. The article makes a theoretical contribution by examining the under-researched relationships between producers and financiers at the meso-level, focusing on production companies' ownership structures, the types of financiers involved in productions, and the potential implications for cultural diversity.
Journal Article
Encoding candlesticks as images for pattern classification using convolutional neural networks
Candlestick charts display the high, low, opening, and closing prices in a specific period. Candlestick patterns emerge because human actions and reactions are patterned and continuously replicate. These patterns capture information on the candles. According to Thomas Bulkowski's Encyclopedia of Candlestick Charts, there are 103 candlestick patterns. Traders use these patterns to determine when to enter and exit. Candlestick pattern classification approaches take the hard work out of visually identifying these patterns. To highlight its capabilities, we propose a two-steps approach to recognize candlestick patterns automatically. The first step uses the Gramian Angular Field (GAF) to encode the time series as different types of images. The second step uses the Convolutional Neural Network (CNN) with the GAF images to learn eight critical kinds of candlestick patterns. In this paper, we call the approach GAF-CNN. In the experiments, our approach can identify the eight types of candlestick patterns with 90.7% average accuracy automatically in real-world data, outperforming the LSTM model.
Journal Article
Sport, Public Broadcasting, and Cultural Citizenship
This book examines the political debates over the access to live telecasts of sport in the digital broadcasting era. It outlines the broad theoretical debates, political positions and policy calculations over the provision of live, free-to-air telecasts of sport as a right of cultural citizenship. In so doing, the book provides a number of comparative case studies that explore these debates and issues in various global spaces.
eBook
The safest time to fly
We document a causal effect of the conservative Fox News Channel in the USA on physical distancing during COVID-19 pandemic. We measure county-level mobility covering all US states and District of Columbia produced by GPS pings to 15–17 million smartphones and zip-code-level mobility using Facebook location data. Using the historical position of Fox News Channel in the cable lineup as the source of exogenous variation, we show that increased exposure to Fox News led to a smaller reduction in distance traveled and a smaller increase in the probability of staying home after the national emergency declaration in the USA. Our results show that slanted media can have a harmful effect on containment efforts during a pandemic by affecting people’s behavior.
Journal Article
When Latin American Melodrama Meets Nordic Noir: How SVOD Reshapes Chilean TV Fiction
This article aims to understand the impact of subscription video-on-demand commissions on locally produced content in Latin America’s smaller markets. It focuses on the case of 42 Days of Darkness (2022), the first Netflix Original in Chile produced without the participation of local broadcast channels nor with contributions from state funds. Through a contextualized textual analysis of the series, focusing on Netflix’s strategic approach to national/global production, a shift has been identified in both the look and practice of national TV series programming with this new stakeholder. Although the local industry has already ventured into the detective genre based on local crimes, Netflix’s first production in Chile adopted narratives and visual motifs congruent with melancholic elements of Nordic noir. We conclude that one of Netflix’s main strategies in this project was to embrace the global popularity of the Scandinavian genre’s aesthetics while maintaining elements of Latin American melodrama, a predominant genre in the region, in order to appeal to local audiences, creating content with a negotiated, “glocal” appeal. The participation of subscription video-on-demand giants in small industries such as Chile could help to create captivating TV series and energize the local audiovisual production industry. However, it might lead to the homogenization of content and the erasure of cultural specificity.
Journal Article