News is the communication of information. It’s important to distinguish the types of news that are relevant to a particular audience. A news story may be of high importance to a particular group, but it may not be of great importance to another. News stories can have many different characteristics, such as their relevance, magnitude, and shareability.
Relevance
Relevance of news is often defined in terms of its ability to impact an individual. It can be defined as the extent to which news is related to an event or threat that the individual has experienced or that could happen to them. For example, news about a loved one who has recently passed away may be relevant to the individual.
Relevance is dependent on several factors including the quality and popularity of the news. Relevancy also depends on the audience’s expectations and information needs. The news may have a higher relevance if it comes from a well-known source. Similarly, news that is relevant to power elites may be more effective than news published in tabloids. The importance of news selection is thus an important aspect of media planning. A multidimensional view of relevance may help media organizations identify the different factors that affect news relevance.
Using surveys and experimental studies, researchers can test the relevance of news. In these studies, subjects rate a variety of news stories according to their newsworthiness. They can then calculate their relevance based on these factors. This allows researchers to validate their theory of news value. Nevertheless, the theory cannot be tested on artificial news stories.
Relevance is a central value for news, according to researchers. It is understood by news creators and audiences alike as a relationship between news and the audience. Relevancy depends on a journalist’s writing, as well as the connection made between an audience and a story. However, the relevance of news is also highly dependent on the audience’s own expectations.
Magnitude
News is a written report of a recent event. It should be concise and accurate, addressed to a particular audience, and inspire the recipients to take action. It is defined by four Cs: relevance, timeliness, impact, and magnitude. These four Cs build on each other, and are used to determine the value of news. Relevancy is a multidimensional construct – it is determined by users at different scales and through different linguistic strategies.
According to this research, news about central banks and the economy has different impacts on different markets. For example, stock prices move less after central bank announcements than following news about the economy. Despite the difference in magnitude, news about these announcements can be useful for academics and practitioners. In this paper, we explore how this measurement can be used to analyze the impact of various kinds of news on financial markets.
A number of authors have given different values and determinants to news. The significance and proximity of the news also play a role in its magnitude. For example, news about the presidential election will have greater importance if it is breaking within 24 hours of the election, as opposed to the same if the news was published yesterday. This timeliness factor is therefore very important.
The empirical studies of news values are scarce, but a few attempts have been made. Harcup and O’Neill, for example, studied Galtung and Ruge’s criteria for news value. The results of these studies may form the basis for further exploration and discussion.