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A content analysis of a sample of major newspapers, magazines, and network news for periods in 1960 and 1984 reveals that both the number of deaths in natural disaster, such as an earthquake, and its geographic location affect the amount of coverage it gets. News about U.S. natural disasters is given disproportionate attention in the U.S. press, but there are no consistent biases in favor of other parts of the world.
Singer et al. (Fri,) studied this question.