The impact of horizontal mergers and acquisitions on corporate concentration in the U.S. book publishing industry: 1989-1994

Journal of Media Economics

Volumn 12, Issue 3, 1999, Pages 165-180

  Greco, Albert N ^a  

^a FORDHAM UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0033444752     PISSN: 08997764     EISSN: None     Source Type: Journal    
DOI: 10.1207/s15327736me1203_1     Document Type: Article

References (60)

1. Bagdikian, B. H. (1997). The media monopoly. Boston: Beacon.
2. Bain, J. (1941). The profit rate as a measure of monopoly power. Quarterly Journal of Economics, 55, 271-292.
3. Barber, R. J. (1964). Newspaper monopoly in New Orleans: The lesson for antitrust policy. Louisiana Law Review, 24, 504-554.
4. Barnouw, E. (Ed.). (1997). Conglomerates and the media. New York: The New Press.
5. Bogart, D. (Ed.). (1996). The Bowker annual 1996. New Providence, NJ: R.R. Bowker.
6. Book Industry Study Group. (1995). Book industry trends 1995. New York: Author.
7. Book Industry Study Group. (1996). Book industry trends 1996. New York: Author.
8. Book Industry Study Group. (1997). Book industry trends 1997. New York: Author.
9. Bork, R. H. (1978) The antitrust paradox: A policy at war with itself. New York: Basic Books.
10. BP Report's 15 Largest U.S. Book Publishers. (1991, October 7). BP Report, p. 3.
11. BP Report's 15 Largest U.S. Book Publishers. (1992, October 12). BP Report, p. 5.
12. BP Report's 25 Largest North American Book Publishers. (1993, October 11). BP Report, p. 3.
13. BP Report's 20 Largest North American Book Publishers. (1994, December 19) BP Report, p. 7.
14. BP Report's 20 Largest North American Book Publishers. (1995, 27 November). BP Report, p 5.
15. Busterna, J. C. (1989). Antitrust in the 1980s: An analysis of 45 newspaper actions. Newspaper Research Journal, 9, 25-36.
16. Connors, L. E., Henry, S. L., & Reader, J. W. (1985-86). From art to corporation: Harry N. Abrams, Inc., and the cultural effects of merger. Book Research Quarterly, 1, 28-59.
17. Coulson, D. C. (1986). A First Amendment perspective on antitrust law and newspaper chain ownership, monopoly. Newspaper Research Journal, 7, 35-42.
18. Dessauer, J. P. (1987-1988). Coming full circle at Macmillan: A publishing merger in economic perspective. Book Research Quarterly, 1, 60-72.
19. Dessauer, J. P. (1993). The growing gap in book industry statistics. Publishing Research Quarterly, 9, 68-71.
20. Ford, G. S., & Jackson, J. D. (1997). Horizontal concentration and vertical integration in the cable television industry. Review of Industrial Organization, 12, 501-518.
21. Fox, E. M,. & Halverson, J. T. (1979). Industrial concentration and the market system: Legal, economic, and social political perspectives. Chicago: American Bar Association.
22. Gitlin, T. (1996). Not so fast. Media Studies Journal, 10, 1-6.
23. Gitlin, T. (1997). Introduction. In E. Barnouw (Ed.), Conglomerates and the media (pp. 7-13). New York: The New Press.
24. Golan, A., Judge, G., & Perloff, J. M. (1996). Estimating the size distribution of firms using government summary statistics. Journal of Industrial Economics, 44, 69-80.
25. Greco, A. N. (1989). Mergers and acquisitions in publishing: 1984-1988. Book Research Quarterly, 5 , pp. 25-44.
26. Greco, A. N. (1993). Publishing economics: Mergers and acquisitions within the publishing industry 1980-1989. In A. Alexander, J. Owers, & R. Carveth (Eds.), Media economics: Theory and practice (pp. 205-224). Hillsdale, NJ: Lawrence Erlbaum Associates, Inc.
27. Greco, A.N. (1995). Mergers and acquisitions in the U.S. book publishing industry: 1960-1989. In P. G. Altbach & E. S. Hoshino (Eds.), Book publishing: An encyclopedia (pp. 229-241). New York: Garland.
28. Greco, A. N. (1996). Shaping the future: Mergers, acquisitions, and the U.S. publishing, communication, and mass media industries: 1990-1995. Publishing Research Quarterly, 12, 5-15.
29. Greco, A. N. (1997). The book publishing industry. Boston: Allyn & Bacon.
30. Hay, D.A., & Liu, G. S. (1997). The efficiency of firms: What difference does competition make? The Economic Journal, 107, 597-617.
31. Healy, P. M., Palepu, K. G., & Ruback, R. S. (1997, Summer/Fall). Which takeovers are profitable? Strategic or financial? Sloan Management Review, pp. 45-57.
32. Keyes, L. S. (1995). The horizontal merger guidelines of 1992. Review of Industrial Organization, 10, 143-159.
33. Kim, E. H., & Singal, V. (1993). Mergers and market power. Evidence from the airline industry. American Economic Review, 83, 549-569.
34. Lacy, S., & Davenport, L. (1994). Daily newspaper market structure, concentration, and competition. Journal of Media Economics, 7, 33-46.
35. Lerner, A. (1934). The concept of monopoly and the measurement of monopoly power. Review of Economic Studies, 1, 157-175.
36. Long, E. (1985-1986). The cultural meaning of concentration in publishing. Book Research Quarterly, 1, 3-27.
37. Lubatkin, M., Srinivasan, N., & Merchant, H. (1997). Merger strategies and shareholder value during times of relaxed antitrust enforcement: The case of large mergers during the 1980s. Journal of Management, 23, 59-81.
38. McGann, A. F., & Russell, J. T. (1988). Hostile takeovers in broadcasting. Journal of Media Economics, 1, 29-40.
39. Miller, M. C. (1997a, March 17). The crushing power of big publishing. The Nation, pp. 11-18.
40. Miller, M. C. (1997b). The publishing industry. In E. Barnouw (Ed.), Conglomerates and the media (pp. 107-133). New York: The New Press.
41. Nickerson, J. A. (1995). Durable goods and horizontal merger analysis. Review of Industrial Organization, 10, 209-220.
42. Ornstein, S. I. (1995). Motion picture distribution, film splitting, and antitrust policy. Hastings Communication and Entertainment Law Journal, 17, 415-444.
43. Picard, R. G. (1989). Media economics: Concepts and issues. Thousand Oaks, CA: Sage Publications.
44. Picard, R. G. (1996). The rise and fall of communications empires. The Journal of Media Economics, 9, 23-40.
45. Pitofsky. R., & Klein, J. I. (1998, April 13). There's more to a monopoly than market share. Business Week, p. 10.
46. Porter, M. (1979). How competitive forces shape strategy. Harvard Business Review, 57, 137-145.
47. Posner, R. A. (1976). Antitrust law. Chicago: University of Chicago Press.
48. Pruitt, B. H. (1994). The making of Harcourt General: A history of growth through diversification, 1922-1992. Boston: Harvard Business School Press.
49. Rhodes, S. A. (1993). The Herfindahl-Hirschman index. Federal Reserve Bulletin, 79, 188-189.
50. Rhodes, S. A. (1995). Market share inequality, the HHI, and other measures of the firm competition of a market. Review of Industrial Organization, 10, 657-674.
51. Rogers, R.T., & Tokle, R. J. (1995). The economics of advertising: Where's the data? Review of Industrial Organization 10, 675-687.
52. Schiffrin, A. (1996, June 3). The corporatization of publishing. The Nation, pp. 29-32.
53. Solotaroff, T. (1987, June 8). The literary-industrial complex. The New Republic, pp. 28, 30-42, 44-45.
54. Clayton Act, 15 U.S.C., 38 § 730 (1914).
55. Sherman Act, 15 U.S.C., 26 § 209 (1890).
56. U.S. Department of Commerce, Bureau of the Census. (1997). Statistical Abstract of the United States 1997. Washington, DC: U.S. Government Printing Office.
57. U.S. Department of Justice. (1997). The Department of Justice Manual (Vol. 6). Englewood Cliffs, NJ: Aspen.
58. Veronis, Suhler, and Associates. (1997). The Veronis, Suhler & associates communications industry forecast. New York: Author.
59. Viscusi, W. K., Vernon, J. M., & Harrington, J. E., Jr. (1995). Economics of regulation and antitrust. Cambridge: MIT Press.
60. Whiteside, T. (1981). The blockbuster complex: Conglomerates, show business, and book publishing. Middletown, CT: Wesleyan University Press.