| Abstract: |
We construct measures of the extent to which the 4 main newspapers in
Argentina report government corruption in their front page during the period
1998-2007 and correlate them with the extent to which each newspaper is a
recipient of government advertising. The correlation is negative. The size is
considerable: a one standard deviation increase in monthly government
advertising (0.26 million pesos of 2000) is associated with a reduction in the
coverage of the government’s corruption scandals by almost half of a front
page per month, or 37% of a standard deviation in our measure of coverage. The
results control for newspaper, month and individual corruption scandal fixed
effects. |