Sunday, December 15, 2013

Which business news source publishes accurate M&A rumors?

This table presents publishing activity for all media sources in the sample from 2000-2011. Scoop articles are the first reporting of the merger rumor. Accuracy rate is the fraction of scoop articles published by a newspaper in which a formal takeover bid is made for the target firm within one year.
--Ken Ahern and Denis Sosyura on who has the true scoop



This table presents publishing activity for journalists in the sample from 2000-2011. Media source is the most recent media company that published an article by the journalist. Scoop articles are the first reporting of the merger rumor. Accuracy rate is the fraction of scoop articles written by a journalist in which a formal takeover bid is made for the target firm within one year. Some articles are written by more than one journalist, which leads to more bylines than rumors. Journalists with fewer than four scoops in the sample are included in the 772 others.
--Ken Ahern and Denis Sosyura on reasons to read Dennis Berman