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In a representative system of government, policy outcomes are affected by
the political preferences and the beliefs of the voters. The media play a
key role in shaping these preferences and beliefs....
Does media bias affect voting? We analyze the entry of Fox News in cable
markets and its impact on voting. Between October 1996 and November 2000, the
conservative Fox News Channel was introduced in...
We review the theoretical literature on market determinants of media bias. We present a
theoretical framework that organizes many key themes in the literature, and discuss substantive
lessons.