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This working paper presents a new index of media slant that measures the political alignment of newspaper language with congressional Republicans or Democrats. It analyzes market forces that determine political content in news and finds significant demand for ideologically aligned news among readers. The study compares actual newspaper slant to the profit-maximizing level of slant and concludes that ownership has less influence on slant variation than consumer preferences.
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NBER Working Paper 12707 is a research document published by the National Bureau of Economic Research that discusses specific economic issues, findings, or data. It typically represents the work of economists and researchers in the field.
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