Abstract
The United States Federal Communications Commission regulates local media ownership to promote competition, diversity and the provision of local programming. This study investigates how local media cross-ownership, co-ownership and ownership diversity are associated with media market outcomes. It does so by regressing local-market media quality variables on local-market media ownership variables, controlling for unobserved market characteristics. Scant evidence is found to indicate that local media ownership affects local media usage or programming.
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