ABC’s “pink slime” settlement exceeded $177 million
A legal settlement between ABC and a South Dakota meat producer in a defamation lawsuit over the network’s reports on a beef product that critics dubbed “pink slime” exceeded $177 million. James Nord of the Associated Press reported, “Disney, which owns ABC, disclosed a $177 million legal settlement charge in a filing with a government securities […]
Politico embarrasses WSJ with transcript
The Wall Street Journal faces embarrassment with the publication of its President Donald Trump interview transcript by Politico, reports Pete Vernon of Columbia Journalism Review. Vernon writes, “Given the criticisms that Editor in Chief Gerard Baker has faced for his paper’s coverage, and at a time when media transparency is more important than ever, the […]
Business magazine banned in United Arab Emirates
The United Arab Emirates banned a popular Mideast business website and magazine on Wednesday for publishing what the authorities alleged was “false news.” Adam Schreck of the Associated Press reports, “An editor who answered the phone at Arabian Business declined to comment, and other officials at the magazine and its parent company ITP Media Group did […]
SEC going after fake biz news designed to boost stock prices
Erin Avredlund of the Philadelphia Inquirer writes about recent attempts by the Securities and Exchange Commission to stop fake business news stories designed to pump up stock prices. Avredlund writes, “Regulators have lodged complaints against writers for the internet investment sites SeekingAlpha.com, Benzinga.com, TheStreet.com, Forbes.com, and several others, saying the authors were writing under pseudonyms or who did […]
When subjects of business news stories cry “fake news”
Dana Melius of the St. Peter Herald in southern Minnesota writes about how the subjects of business news coverage at his paper and its sister papers have recently accused the newspapers of “fake news.” Melius writes, “But this concept of fake news has drifted down to the local level, as well. In the past couple months, […]
Payne of Fox Business will fight sexual harassment charges
Suspended Fox Business Network host Charles Payne says he will fight reported charges of sexual harassment “like a lion armed with truth.” An Associated Press story reports, “Charles Payne, host of the network’s ‘Making Money’ show, defended himself on Twitter on Friday. The network didn’t say why he was suspended. But the Los Angeles Times, citing […]
Fox Business suspends Charles Payne amid allegations
Fox Business Network host Charles Payne has been suspended while 21st Century Fox investigates sexual harassment allegations made against him. Stephen Battaglio of the Los Angeles Times writes, “Payne’s suspension was announced by Fox Business Network following his program ‘Making Money,’ and shortly after the Los Angeles Times first reported the investigation. “‘We take issues of […]
WSJ editor: Yes, Trump lies, but beware using that word
Conor Friedersdorf of The Atlantic reported about how Katie Couric asked Wall Street Journal editor Gerard Baker at the Aspen Ideas Festival, co-hosted by The Aspen Institute and The Atlantic, about whether President Donald Trump lies. Friedersdorf writes, “‘What I think is not really important,’ he began. ‘I think the president probably lies a lot, right? I think […]
Tech site Motherboard retracts two Trump articles
Tech news site Motherboard has retracted two articles related to Disney and President Donald Trump due to factual errors and questions about sourcing, reports Todd Spangler of Variety. Spangler reports, “‘After a thorough investigation into the sourcing of two stories, ‘Here’s the Secret Backstage Trump Drama at Walt Disney World’s Hall of Presidents’ and ‘Behind the Scenes […]
Former CNNMoney exec editor Haris resigns after Russia story
Former CNNMoney executive editor Lex Haris resigned on Monday in the wake of a retracted story from the investigative unit that he now runs. Haris had taken over the investigative team back in January. He had been with CNNMoney since 2001, and had been the site’s managing editor from 2007 to 2014. Among his many accomplishments was […]
