Transcription of PERSISTENT MEDIA BIAS - nyu.edu
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PERSISTENT MEDIA BIAS - nyu.edu
Research Paper No. 1845 PERSISTENT MEDIA BIASD avid P. BaronStanford UniversityFebruary 2004 AbstractThe news MEDIA plays an essential role in society, but surveys indicate that the mediais widely viewed as biased. This paper presents a theory of MEDIA bias that originateswith private information obtained by journalists through their investigations and persistsdespite profit-maximizing news organizations and rivalry from other news has two effects on the demand for news. First, rational citizens are more skeptical ofpotentially biased news and thus rely less on it in their individual decision-making. Second,bias makes certain stories more likely than others. This paper presents a supply-side theoryin which bias originates with journalists who have a preference for influence and are willingto sacrifice wages to exercise it.
organization.2 News media bias can affect both public and private politics. Public politics involves individual and collective action directed at public institutions such as legislatures and bureaucracy.
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