Regulators, industry and public to blame, not biz media
February 27, 2009
Dave Beal, a longtime business journalist in the Minneapolis area who is now interim executive director for the Society of American Business Editors and Writers, argues in the March issue of Twin Cities Busines that the media is not to blame for the current financial meltdown.
Beal writes, “‘You can’t blame this on the press,’ says Steve Leuthold, chief investment officer at Leuthold Group LLC, a financial research and investment firm. “Nobody I knew every talked about the whole credit system seizing up the way it did.’
“Chuck Denny, retired CEO at ADC Telecommunications in Eden Prairie, says, ‘I think the media were doing their job.’
“Claudia Parliament, director of the Minnesota Council on Economic Education in St. Paul, says partly the trouble is rooted in a widespread lack of financial literacy. Given that, it seems unlikely that Americans would heed warnings of economic trouble, regardless of what media outlets said.”
The article is not yet online. The magazine’s Web site is here.
OLD Media Moves
Regulators, industry and public to blame, not biz media
February 27, 2009
Dave Beal, a longtime business journalist in the Minneapolis area who is now interim executive director for the Society of American Business Editors and Writers, argues in the March issue of Twin Cities Busines that the media is not to blame for the current financial meltdown.
Beal writes, “‘You can’t blame this on the press,’ says Steve Leuthold, chief investment officer at Leuthold Group LLC, a financial research and investment firm. “Nobody I knew every talked about the whole credit system seizing up the way it did.’
“Chuck Denny, retired CEO at ADC Telecommunications in Eden Prairie, says, ‘I think the media were doing their job.’
“Claudia Parliament, director of the Minnesota Council on Economic Education in St. Paul, says partly the trouble is rooted in a widespread lack of financial literacy. Given that, it seems unlikely that Americans would heed warnings of economic trouble, regardless of what media outlets said.”
The article is not yet online. The magazine’s Web site is here.
Media News
Why The Markup joined CalMatters
April 25, 2024
Media News
Quartz sees huge increase in traffic
April 25, 2024
Media News
CNET is combining its ad business with Best Buy
April 25, 2024
Media News
SABEW elects new board members, Nelson as president
April 24, 2024
Media News
WSJ receives first Peabody Award nomination
April 24, 2024
Subscribe to TBN
Receive updates about new stories in the industry daily or weekly.