Negativity and Positivity Biases in Economic News Coverage: Traditional Versus Social Media

Past work suggests that the priorities for information propagation in social media may be markedly different from the priorities for news selection in traditional media outlets. We explore this possibility here, focusing on the tone of both newspaper and Twitter content following changes in the U.S. unemployment rate, from 2008 to 2014. Results strongly support the expectation that while the tone of newspaper content exhibits stronger reactions to negative information, the tone of Twitter content reacts more strongly to positive economic shifts.