Media Markets and Competition Law: Multinational Perspectives

Media Markets and Competition Law: Multinational Perspectives, published by Competition Policy International, in partnership with the Antitrust & Public Policy Review (formerly Italian Antitrust Review), is a selection of 14 brief essays designed to provide a multinational perspective on the current state, and future, of competition law in media markets. This book builds on the contributions made for the Jevons Institute Colloquium on Future Perspectives on Media Markets, held in Rome on May 22, 2018).Whether it pertains to platform markets, crypto-currencies, or newspaper mergers, the reality is thatantitrust enforcement has turned its collective eye towards the global economy’s media markets.By highlighting the different regulatory approaches and various issues relating to the application of competition law to media markets in the United States, the European Union, and Australia, this book offers profound insights for practitioners and academics seeking to better understand the nature of competition in the evolving area of media markets. By providing a wide-spectrum of analysis, this book constitutes a useful tool to not only interpret, but to potentially predict, the current and forthcoming application and direction of competition law in media markets in the United States, the European Union, and other jurisdictions worldwide.

"This book is a compilation of robust essays by well-known figures on the competition scene, many of them old friends or colleagues in teaching or practice. From defining why journalists can be a public good to grappling with what to do about online power, the articles offer plenty of bright ideas, old ideas set forth simply, and extreme notions set forth seductively." Ian S. Forrester, Judge of the General Court of the European Union

"The rise of dominant digital platforms and their impact on media markets is likely to be one of the defining events of the 21st century and how competition law adapts to these challenges will have a material impact not only on their economic viability but also on the functioning of today's democratic societies.  This timely book by an array of leading antitrust scholars lays out the principles of the law and economics of media markets and provides valuable guidance for navigating the shoals ahead." Gregory Crawford, Professor of applied microeconomics, University of Zürich

"Media and digital markets are so exciting and challenging. This book provides a comprehensive set of essays written by experts at the very forefront of competition law. The authors have distilled their thoughts and experience into a readable, authoritative and insightful collection. This book is an immensely valuable resource for scholars and practitioners." Tommaso Valletti, Professor of Economics, Imperial College Business School; Chief Competition Economist, European Commission (2016-2019)

"Media markets are at the intersection of many fundamental themes in public policies today. New paradigms of multi-sided markets have been proposed and are progressively affecting the view of enforcers. Traditional media markets cohabit and compete with new digital services. The fundamental issues of pluralism, misinformation and fake news are today a major concern. Media operators are often involved in complex mergers. This book provides the view of scholars and practitioners from different perspectives and disciplines and offers an excellent opportunity to taste the different components of a fundamental area for public policies." Michele Polo, Eni Chair in Energy Markets; Director, IEFE: Centre for Energy and Environmental Economics and Policy, Department of Economics, Bocconi University