Before revision: A benevolent sender communicates non-instrumental information over time to a Bayesian receiver who experiences gain-loss utility  over changes in beliefs ("news utility") . We show how to compute the optimal dynamic information structure for arbitrary news-utility functions. With diminishing sensitivity over the magnitude of news , one-shot resolution of uncertainty is strictly suboptimal under commonly used functional forms.
After revision: A benevolent sender communicates non-instrumental information over time to a Bayesian receiver who experiences gain-loss utility over changes in beliefs ("news utility") , with diminishing sensitivity over the magnitude of news , one-shot resolution of uncertainty is strictly suboptimal under commonly used functional forms.