1. 14 We focus on Sinclair's 2011 entry as the shock so that we have data in the three post-shock years to observe its impact on a firm's CSR scores and the employee separation rate. A possible concern is that Sinclair may target certain DMAs based on factors that could be correlated with trends in local firms' CSR policies. We argue that this concern is mitigated in our case. Sinclair's expansion in 2011 was achieved through the acquisitions of two smaller broadcasting companies. Sinclair acquired eight stations in seven DMAs from Freedom Communications (Freedom) and seven stations in four DMAs from Four Points Media (Four Points);which Sinclair owns and operates, programs, and provides sales services to stations from its annual reports,2002
2. Levendusky (2022) points out that 75% of Sinclair's entries into new DMAs are this kind of bundled entries related to the acquisitions of smaller broadcast companies;15 Please see page F-10 of Sinclair's 2011 10-K report,2001
3. Artificial Intelligence and Jobs: Evidence from Online Vacancies;References Acemoglu;Journal of Labor Economics,2011