Bernhardt, Dan; Krasa, Stefan; Polborn, Mattias - 2021
position of the median voter does not change. We show that media bias provides a mechanism through which political polarization … can affect electoral outcomes. In our model, media firms' profits depend on their audience rating. Maximizing profits may … electoral mistakes. We also show that, if media are biased, then there are some news realizations such that the electorate …