Giving people the media they want is thought to justify the move toward deregulation that has swept media policy circles. Freedom of the press is thought to require resistance to government interventions in the media realm. This book uses economic and democratic theory to undermine the premises of both beliefs. It also relies on these theories to evaluate journalistic practice, to recommend appropriate governmental policy toward the media, and to defend a preferred constitutional conception of press freedom. These issues should be vitally important to anyone interested in the proper practice of journalism, media policy, a free press, or democracy.