The cumulative effect of economic news in the media: patterns of faith and disappointment

Abstract

On the example of three thematic layers, the specifics of the presentation of economic ideas in media publications and the transformation of the approach to these ideas over time are considered. The author refers to the ideas of modernization, import substitution and business support during the coronavirus pandemic and sanctions restrictions, arguing that the information context of these information layers can be described through patterns of faith and disappointment. By the methods of content analysis and sentiment analysis it is fixed that there is a final and cyclical scenario for the coverage of economic ideas in periodicals. In the first case, the cumulative information effect ends with the media's disappointment in the broadcasted idea and its exclusion from the news agenda. The author notes that the cumulative resonances responsible for the transmission of economic ideas accumulate a negative context, although initially they may be oriented towards the presentation of positive news. Their exhaustibility in the media can be associated with the obsolescence of the newsbreak that gave rise to them, and with the formation of a pattern of disappointment in the relevant texts. It is concluded that the cumulative resonances in the media, exploiting the pattern of faith, can form explanatory models in journalistic texts, which are based on economic stereotypes.