Publication:
Digital platforms in the news industry: how social media platforms impact traditional media news viewership

Simple item page
dc.contributor.authorRen, Jie
dc.contributor.authorPopovic, Ales
dc.contributor.authorSabnis, Gaurav
dc.contributor.authorNickerson, Jeffrey
dc.contributor.authorDong, Hang
dc.contributor.funderNational Science Foundation
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-08T13:14:11Z
dc.date.available2024-07-08T13:14:11Z
dc.date.issued2024
dc.description.abstractWe examine how social media plays the role of an attention driver for traditional media. Social media attracts and channels attention to a topic. This attention triggers people to seek further information that is reported professionally in traditional media. Specifically,the volume of social media posts about a stock influences the attention to this stock the next day,proxied by the viewership of news articles on the same stock published the next day. We test this hypothesis in the stock market context because social media is less likely than traditional media to diffuse fundamental information in the stock market. Analysing stock-related news articles and stock-related social media posts from Sina Finance and Sina Weibo,we find that the social media post volume of a stock at time t-1 is associated with the traditional media viewership of the same stock at time t. This effect is amplified when social media sentiment about the stock is more intense or positive,and with an increase in the volume of verified social media posts about the stock. Our results provide evidence that social media platforms act as attention drivers,which differ from the information channel functions discussed in prior literature. © 2022 The Author(s). Published by Informa UK Limited,trading as Taylor & Francis Group.
dc.description.fundingtypeThis work was supported by the Slovenian Research Agency [P5-0410]and the National Science Foundation under grants 2128906, 2113906 and 1909803.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationRen, J., Dong, H., Popovi?, A., Sabnis, G., & Nickerson, J.V. (2022). Digital platforms in the news industry: how social media platforms impact traditional media news viewership. European Journal of Information Systems, 33, 1 - 18. https://doi.org/10.1080/0960085X.2022.2103046
dc.identifier.doi10.1080/0960085X.2022.2103046
dc.identifier.issn0960085X
dc.identifier.officialurlhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85135139977&doi=10.1080%2f0960085X.2022.2103046&partnerID=40&md5=e710dfbb1b91a0d93a1c7fe93acedd08
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3011
dc.issue.number1
dc.journal.titleEuropean Journal of Information Systems
dc.language.isoen
dc.page.final18
dc.page.initial1
dc.publisherTaylor and Francis Ltd.
dc.relation.departmentFinance
dc.relation.entityIE University
dc.relation.projectID1909803
dc.relation.projectID 2113906
dc.relation.projectID 2128906
dc.relation.projectIDP5-0410
dc.relation.schoolIE Business School
dc.rightsAttribution Non-Commercial 4,0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/
dc.subject.keywordDigital platforms
dc.subject.keywordFinancial news
dc.subject.keywordNews viewership
dc.subject.keywordSocial media
dc.subject.keywordStock market
dc.subject.keywordTraditional media
dc.subject.otherCommerce
dc.subject.otherEconomic and social effects
dc.subject.otherSocial networking (online)
dc.subject.otherChannel functions
dc.subject.otherDigital platforms
dc.subject.otherFinancial news
dc.subject.otherInformation channels
dc.subject.otherNews articles
dc.subject.otherNews viewership
dc.subject.otherSina-weibo
dc.subject.otherSocial media
dc.subject.otherSocial media platforms
dc.subject.otherTraditional medium
dc.subject.otherFinancial markets
dc.titleDigital platforms in the news industry: how social media platforms impact traditional media news viewership
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number33
dspace.entity.typePublication
person.identifier.scopus-author-id57199127093
person.identifier.scopus-author-id57204050995
person.identifier.scopus-author-id35203730400
person.identifier.scopus-author-id55578592200
person.identifier.scopus-author-id7007157887
relation.isAuthorOfPublicatione434c0e9-8d01-45f1-8a0f-8b4d8dc633d1
relation.isAuthorOfPublication.latestForDiscoverye434c0e9-8d01-45f1-8a0f-8b4d8dc633d1
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Digital platforms in the news industry how social media platforms impact traditional media news viewership.pdf
Size:
1.47 MB
Format:
Adobe Portable Document Format
Download
Collections
Research Articles