Interventions in Localism
Interventions in Localism
From Public Goods to Merit Goods
Chapter 7 focuses on two concrete recommendations for policy makers interested in protecting media localism and encouraging local news. The first advocates for comprehensive local media policy frameworks. These frameworks must take into account the different platforms providing local news and local media, and the different funding systems as well. The second recommendation is larger in scope and argues that we need to reclassify local news from a public good to a merit good. Based on the work of Richard Musgrave, the designation of “merit good” would allow us to justify greater regulatory interventions, such as encouraging cross-media subsidies to support local news on a variety of platforms.
Keywords: Public Goods, Merit Goods, Subsidy, Policy Frameworks, Local News, Local Media, Richard Musgrave
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