Papers downplaying new stock record

Hal Morris, writing on his GrumpyEditor.com blog, noted that few newspapers this week put stories of the new Dow Jones Industrial Average records on the front page, in contrast to the huge selloff back in February that was front-page news.

Morris wrote, “Grumpy Editor, surveying Thursday’s front pages, noted The New York Times, Washington Post, Los Angeles Times, Chicago Tribune, Miami Herald, Boston Globe, Detroit News, among most other newspapers — with an abundance of breaking developments — decided to place the bright financial news elsewhere.

“This is in contrast to page 1 treatment, in many cases, following the big Feb. 27 selloff which saw the Dow industrials tumble 416 points.

“Then for a second day in a row yesterday, the Dow industrials reached another record, up 4.79 to 12808.63, although the broader market dipped from the prior day.”

Read more here.