Using text-based media content, this paper develops and empirically confirms a theory that explains how the media predicts takeover outcomes. It shows that positive media content about the acquirer predicts takeover success. Relative to other predictors proposed in the literature, the media...

Momentum is an important determinant of voting in presidential primaries. One of the principal reasons is that the media tends to treat candidate success with positive coverage. Throughout nominating campaigns, the media consistently reports delegate counts for each competing candidate. Media...