“…The paper is closely related to the literature on the political impacts of newspapers (Gentzkow et al, 2011;Perlman and Sprick Schuster, 2016;Drago et al, 2014;Schulhofer-Wohl and Garrido, 2013;Snyder and Strömberg, 2010;Bruns and Himmler, 2011;Gerber et al, 2009;George and Waldfogel, 2006;Boix et al, 2003). While previous studies have focused on the impacts of newspapers on some political outcomes, this paper examines the impact of a revolutionary technology on newspapers themselves, which has received little attention in the literature.…”