Before revision:  We show that the optimal information acquisition strategy proceeds in stages, where resource allocation is constant over a fixed set of providers during each stage, and at each stage a new provider is added to the set. We additionally apply this characterization to derive  results regarding: (1) endogenous information acquisition in a binary choiceproblem , and (2) equilibrium information provision by competing news sources.
After revision:  We show that the optimal information acquisition strategy for settings where the attributes are not too strongly correlated. We then apply this characterization to derive results regarding: (1) endogenous information acquisition in a binary choiceproblem , and (2) equilibrium information provision by competing news sources.