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Chapter 5: The Changing Political Economy of the Press

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The Changing Political Economy of the Press
The changing political economy of the press

The ‘Wapping revolution’ of 1986 marked not only the end of the power of the print unions but also the solidification of the corporate age of newspaper publishing. Some of the long established newspaper dynasties survived, most notably the Rothermere/Harmsworth control of the group publishing the Daily Mail. But other changes in ownership of the Telegraph and Express groups, heralded a new era in which owners were not necessarily well-known individuals but public corporations with shareholders and stock market prices to concern them – to a considerable extent, businesses like any other. Wapping had changed the cost structure of newspaper publication and, in theory at least and often in practice, had made ...

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