This paper examines why strategy innovation is rare in the regional news industry. It integrates the knowledge-based view of a firm, path-dependence theoretical perspective and the field of business model studies to interpret the historic emergence, formation, and current lock-in of legacy regional newspapers. The historic case of the provincial press in England is analysed to consider how, in an industrial context of relative simplicity and certainty, path-dependent formation processes are led by knowledge integration mechanisms.
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- Path dependence
- business model innovation
- regional press
- knowledge integration