Informing Science Journal Volume 9, 2006 Implications of Foreign Ownership on Journalistic Quality in a Post-Communist Society: The Case of Finance Martine Robinson Beachboard and John C. Beachboard Idaho State University, Pocatello, Idaho, USA
[email protected] [email protected] Abstract When freedom from Communism largely eliminated overt government censorship of newspapers, other political and business pressures appeared. Consequently, Southeastern European newspaper publishers faced threats to financial viability and editorial integrity. The editor-in-chief of one newspaper in the former Yugoslavian republic of Slovenia claims to have found freedom from political and advertiser influence after a global media conglomerate invested in the publication. Notably, the business daily Finance is the only hard-news start-up to survive in the eleven years since Slovenia gained independence from the Republic of Yugoslavia. This research paper offers a provocative example where international investment appears to have contributed to the democ- ratizing of media in a post-communist society. The paper is not intended to argue that foreign media investments are necessarily beneficial but to suggest some circumstances in which foreign media investment can be advantageous to the democratic aspirations of a society. Keywords: Media ownership, post-communist journalism, theories of the press, media and de- mocratization, Yugoslavian press, Slovenian news media. Background and Motivation for This Study “Democracy is the worst form of government except all those other forms that have been tried.” ~ Winston Churchill Churchill’s wry observation regarding the relative merits of alternative forms of government might well be paraphrased to apply to alternatives for organizing and funding a society’s journal- ism: Market-driven journalism, as commonly practiced in western democracies, appears to be the worst form of journalism except for all those other forms that have been tried.