Abstract
This paper studies how individuals allocate time to acquire news and how this process shapes their attitudes toward media. We develop and
estimate a time allocation and news acquisition model using survey data, then investigate how time allocations affect attitude formation toward media. We find important differences in news acquisition patterns across racial, ethnic, and skill groups. Low-skill and minority individuals typically allocate more time to local news than high-skill and white individuals, who allocate more time to national and international news. Differences in preferences, opportunity costs of time, and access to news providers drive these informational gaps. Individuals who allocate more time to information acquisition and are more likely to be well-informed tend to hold more favorable attitudes toward media. Surprisingly, individuals who rely more heavily on television hold more favorable views of media than those who prefer social and online media.