Public service media is present in most countries because public intervention of this kind compensates market-failure by providing merit goods that are not provided by commercial players to the public writ large. Nonetheless, PSM is often regarded as a negative for private media providers in electronic media. This chapter outlines the market failure thesis to consider the ways and degrees to which it is still valid for broadcasting (PSB), and important whether there are grounds for its application in broadband (PSM).
|Title of host publication||The Value of Public Service Media : RIPE@2013|
|Editors||Gregory Ferrell Lowe, Fiona Martin|
|Place of Publication||Göteborg|
|Publication status||Published - 2014|
|Series||RIPE Readers on PSM|