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In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television … both media outlets to incorporate more entertaining elements in news coverage. The introduction of commercial television …, however, which leads to a unilateral fall in the distance costs to the television broadcast, yields different results. It …
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We perform principal components analyses of the University of Michigan Index of Consumer Sentiment and TV sentiment in order to gain information on their structure and information content. By introducing the new sentiment variable TV sentiment, gathered from sentiment from statements from over...
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