Justin Rao, from Microsoft Research presented a great
empirical paper on media bias. Using a variety of techniques from machine learning to crowd-sourcing, they find that while media bias exists it is small: news outlets present news and cover topics more or less identically, except for the coverage of political scandals. However, by far the most interesting finding is that "news organizations express their ideological bias not by directly
advocating for a preferred political party, but rather by disproportionately criticizing
one side". The media seems disappointed by politics no matter which side they are standing. Really nice research!
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