Kamala Harris made history on November 7, 2020, when she was elected as the first female Vice President of the United States. In addition to being the first woman, she became the first African-American and Indian-American to attain this position. As a result, the media had to grapple with how to cover her historic campaign from the moment she was announced as the vice-presidential selection. This qualitative thematic analysis examined The New York Times and The Wall Street Journal's coverage of her campaign with significant analysis on important events such as the initial buzz surrounding her selection, the convention speech, and the vice-presidential debate. Specifically, this study examines 70 news articles total from both newspapers from August 11-November 3, 2020 to determine the recurring themes from her coverage. Results indicated that although traditional media frames and themes were not a significant focus, Harris's intersectionality brought about a new set of frames to explore, with subtle differences between the two newspapers. Implications of these results and future considerations for the media are discussed. / Master of Arts / Kamala Harris made history on November 7, 2020, when she was elected as the first female Vice President of the United States. In addition to being the first woman, she became the first African-American and Indian-American to attain this position. Throughout her campaign, the media had to learn how to cover an historic candidate effectively, since this moment had no precedent. This thesis chose to explore The New York Times and The Wall Street Journal's coverage of her campaign because of their influence in shaping the news around the country and they both represent different sides of the political spectrum. Important events that are covered include the initial announcement, the convention speech, and the vice-presidential debate. This study looks to determine if the stereotypical frames that the media places on female candidates are still seen with Harris. Results indicated that although traditional media stereotypes were not a significant focus, Harris's identity brought about a new set of themes to analyze, with each paper focusing on different aspects. Implications of these results and future considerations for the media are discussed.

This research paper studied the first two weeks after President Donald Trump allegedly called African countries “shithole countries” in a bi-partisan meeting on immigration. It explored the frames and emerging themes used by the media when covering the incident and the surrounding issues. Using the framing theory as a theoretical framework, the study examined the six identified news frames through qualitative content analysis. The six frames used in the coverage of the “shithole countries” incident are racial, conflict, consequences, morality, human interest, and policy. The study examined articles from four news sources that lean liberal, conservative, central-liberal, and central conservative. The study indicated that the four news sources all used five of the six frames, as the Wall Street Journal did not use the morality frame at all. The most used frame was the human interest frame, followed by conflict and consequences. The New York Times and the Wall Street Journal used the conflict frame the most. And CNN and FOX used the consequences frame the most.

Financial analysts play a key role in collecting, processing and disseminating information for the stock market. Selecting the best analysts among thousands of analysts is an important task for investors that determines future investment profitability. Extensive research has been dedicated to finding the best analysts of the market based on various criteria for different clienteles. The state of the art approach in this process has developed into so-called Star Rankings with lists of top analysts who have previously outperformed their peers. How useful are such star rankings? Do the recommendations of stars have higher investment value than the recommendations of non-stars (i.e., recommendations of Stars “shoot” more precisely before and after selection)? Or do star rankings simply represent the past performance that will regress to the mean in the future (i.e., in reality, Shooting Stars are not stars and quickly disappear from the sky)? The aim of this Ph.D. thesis is to empirically investigate the performance of sell-side analysts’ recommendations by focusing on a group of star analysts. This thesis comprises four papers that address two overarching questions. (1) Do star rankings capture any true skill, and, thus, can investors rely on the rankings? (Papers I and II) (2) How do market conditions impact star analysts? (Papers III and IV) Paper I examines the profitability persistence of the investment recommendations from analysts who are listed in the four different star rankings of Institutional Investor magazine, StarMine’s “Top Earnings Estimators”, “Top Stock Pickers” and The Wall Street Journal and shows the predictive power of each evaluation methodology. By investigating the precision of the signals that the various methodologies use in determining who the stars are, the study distinguishes between the star-selection methodologies that capture short-term stock-picking profitability and the methodologies that emphasize the more persistent skills of star analysts. As a result, this study documents that there are star-selection methods that select analysts based on more enduring analyst skills, and, thus, the performance of these methods’ stars persists even after ranking announcements. The results indicate that the choice of analyst ranking is economically important in making investment decisions. Paper II investigates the structure of the portfolios that are built on the recommendations of sell-side analysts and confirms that the abnormal returns are explained primarily by analysts’ stock-picking ability and only partially by the effect of over-weight in small-cap stocks. The study examines the number of stocks in the portfolios and the weights that are assigned to market-cap size deciles and GICS sectors and performs an attribution analysis that identifies the sources of overall value-added performance. Paper III examines the differences in seasonal patterns in the expected returns on target prices between star and non-star analysts. Although the market returns in the sample period do not possess any of the investigated seasonal effects, the results show that both groups of analysts, stars and non-stars, exhibit seasonal patterns and issue more optimistic target prices during the summer, with non-stars being more optimistic than stars. Interestingly, the results show that analysts are highly optimistic in May, which contradicts the adage “Sell in May and go away” but is consistent with the notion of a trade-generating hypothesis: since analysts face a conflict of interests, they may issue biased recommendations and target prices to generate a trade. A detailed analysis reveals that the optimism cycle is related to the calendar of companies’ earnings announcements rather than the market-specific effects. Paper IV discusses how a shift in economic conditions affects the competitiveness of sell-side analysts. The focus is on the changes that were triggered by the financial crisis of 2007-2009 and a post-crisis “uncertainty” period from 2010-2013. The study follows Bagnoli et al. (2008) in using a change in the turnover of rankings as a measure of a transformation in analysts’ competitive advantages. Paper IV extends their research and documents how different ranking systems capture analysts’ ability to handle changes in the economic environment. The results show that market conditions impact analyst groups differently, depending on the group’s competitive advantages. / <p>QC 20170412</p> / European Doctorate in Industrial Management

The focus of this report was the modern news media and how the industry has tried to adapt in a world where most news can be gathered with a few keystrokes for free. The report is segmented into four parts and investigates both how and what kind of news is consumed. The first part of the report focuses on the different types of news aggregators and how they affect the revenue of news sites. Pay-walls are also discussed, using The New York Times’ recent decision to charge for access to their web site as a starting point. Evidence shows that besides one glaring exception (The Wall Street Journal, which is examined as an aside) the attempts to charge customers for content that was once free have largely been fruitless. The second part investigates mobile-based applications (also known as “apps”) and their economic strengths and weaknesses; topics ranging from companies’ initial successes to the ease of piracy are examined. The third part examines the meteoric, although at times numerically misleading, rise of Twitter and its potential use as a news gathering and consuming source as well as its massive potential revenue streams. The fourth part examines what types of news are currently the most consumed, and dissects the profitability (and the attributes that lead to their popularity) of four genres: lifestyle, entertainment, business, and sports. The piece also looks at the potential of community-based, hyper-localized journalism, a venture that many claim profitable yet has failed to produce concrete results. Graphs are used as supplementary material for parts one and three. Taken as a whole, the report concludes that while there may be no sure-fire winner in the news media industry, the industry has finally shaken off the complacency that lead to hundreds of thousands of journalism jobs being lost and finally started to evolve. / text

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Many recent books and articles have aimed to account for the recent financial crisis. They have exposed the facts, identified the causes, and assigned responsibility. They have proposed solutions to prevent a similar crisis to happen in the future. The debate is still ongoing, revealing a process of History in the making. My dissertation builds on this debate, but it does not contribute to it. I do not try to understand who is responsible for this crisis. I instead try to grasp how responsibility for this crisis was constructed. I explore the production of - and response to - a discourse of accusation. To study accusation discourses, I conducted a media analysis of three main national newspapers: The New York Times, The Wall Street Journal, and USA Today. I show how a blame game dominated by Democrats participated in the crystallization on Wall Street’s responsibility. To study responses to accusation discourses, I conducted thirty-three interviews in three Wall Street banks from Fall 2008 to Summer 2010. I show that bankers became increasingly defensive over time, while never accepting any personal responsibility for the crisis. Similarly, they reject the label of the “greedy banker.” Overall I argue that the complexity of modern social arrangement loosens the intrinsic connection between responsibility and accountability.

To minimize devastation and maximize opportunities provided during a corporate crisis, public relations professionals should collaborate with lawyers on crisis response strategies. The purpose of this study was to examine coverage of the Ford Motor Co. and Bridgestone/ Firestone, Inc. tire recall from May 2000 through May 2001 to determine whether there was a difference between the strategies used by each company and whether Ford Motor Co. and Bridgestone/Firestone, Inc. used more traditional public relations than traditional legal strategies during each crisis stage.A content analysis was conducted of articles covering the crisis from The Wall Street Journal and The Washington Post containing sentences attributed to each company's spokespeople. The search yielded 234 usable articles with 2,192 sentences.Coders identified strategies as traditional public relations, traditional legal, mixed, diversionary, or other. A chi-square was used to test the hypotheses.The first hypothesis, which said there would be no significant difference between strategies used by each company, was rejected. The second and third hypotheses, which said Ford Motor Co. and Bridgestone/Firestone, Inc. used significantly more traditional public relations than traditional legal strategies during each time period, were accepted. / Department of Journalism

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