Abstract

Corporate news organizations are often accused of placing more emphasis on profits than on information diversity and other non?profit goals considered crucial for creating or maintaining a political democracy. These charges contradict the managerial revolution hypothesis, which expects that as power shifts from the owners to the professional managers and technocrats, a corporate organization should place less emphasis on profits and more emphasis on non?profit goals. This study reviews the literature on the managerial revolution hypothesis and empirically tests hypotheses related to the control question. The data generally support the managerial revolution thesis: newspaper owners (proprietors and stockholders) and publishers have less control over editorial content the more ?corporatized? the newspaper. This shift in power, if true, has major implications for theories of democracy and information diversity