Robert G. Picard is Director of Research at the Reuters Institute at the University of Oxford. A specialist in media economics and policy, he is the author and editor of 25 books, including Value Creation and the Future of News Organizations, The Economics and Financing of Media Companies, The Internet and the Mass Media, and Media Firms: Structure, Operations, and Performance. He is editor of the Journal of Media Business Studies and was previously editor of The Journal of Media Economics.  He has been a consultant for leading media companies in North America, Europe, Asia, Africa, and Latin America. He is listed in Who’s Who in the World, Who’s Who in America, International Authors and Writers Who’s Who, and Contemporary Authors.