Media Markets and Competition Law

With contributions from leading commentators in the field, this book tackles some of the most important and complex challenges in the area of media markets, multisided platforms, and competition law. It is sure to become a reference point in the global debate on how best to apply antitrust laws and competition policy in the digital economy for years to come. Pinar Akman, Professor of Law, University of Leeds 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 Economics, University of Zurich 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 QC, Judge, General Court of the European Union Media markets are at the confluence of many of the issues that competition policy has to face today. This applies not only to enforcement but also to making sure that regulatory efforts are competition friendly. Antonio Bavasso, David Evans, and Douglas Ginsburg must be commended for having assembled such a distinguished group of writers. Thanks to their diversity (enforcers, academics, and practitioners), they provide a rich and international overview of the issues that competition policy faces when dealing with media markets. Henri Piffaut, Vice-President, Autorite de la concurrence 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 academics and practitioners from different perspectives and disciplines and offers an excellent opportunity to dive into the different components of a fundamental area for public policies. Michele Polo, Professor, Department of Economics, Universita Bocconi CPI has collected a number of interesting works from leading law firm practitioners and professors on a changing media market landscape. The collection is worth reading and CPI and editors Antonio Bavasso, David Evans & Douglas Ginsburg are to be commended for their work. D. Daniel Sokol, Professor of Law, Levin College of Law, University of Florida