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This paper investigates whether newspapers report more favorably about advertising corporate clients than about other … firms. Our identification strategy based on high-dimensional fixed effects and high frequency advertising data shows that … advertising leads to more positive press coverage. This advertising bias in reporting is found among local and national newspapers …
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On May 12, 2012, Warren Buffett's Berkshire Hathaway announced an offer to buy Media General's (MEG) newspaper division … the so-called Oracle of Omaha saw in the declining U.S. newspaper industry that others did not.Media General's CEO …
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