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In the market - Modi was found between cables and a dog-biting cat

This refers to how media coverage can be spotty, erratic or tailored for an audience leading an outsider to gage the gravitas (had to use that one someday) of a particular story.

So a local American financial news paper owned by Newscorp (which was founded by an Australian dude) had in its inside pages several stories -

  • one of which talked about cable company businesses and the US government diktat about it;
  • followed by a win for Modi in the world's largest democracy;
  • followed by another sizzling item - of a cat biting a dog.

Audience - you decide what you want to read and in what order.

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