The media's role in the financial meltdown
Jeffrey Brown of “The News Hour with Jim Lehrer” talks to business journalism experts about the media’s role in the current economic crisis in light of the recent controversy surrounding CNBC. Here is an excerpt: JEFFREY BROWN: All right, let me let Kathy Kristof weigh in here. What did you see that was done well, what not so […]
The conflict that is CNBC
Gabriel Winant of Salon writes what he perceives to be the inherent conflict at CNBC after a day of watching the business news network. Wisnant writes, “What I found was a paradox at the channel’s core — one that seemed, late on the afternoon of Monday, March 9, to make Jim Cramer want to claw […]
Answering questions about CNBC and overall biz coverage
Washington Post media critic Howard Kurtz is answering questions online from his readers, and it seems like a majority of them want to talk about CNBC and how the business media covers the stock market. Here are a few: New York : Why is what the CNBC crew engages in not considered stock-manipulation? Can you […]
Bad news can affect judgment
Eric Torbenson and Brendan Case of the Dallas Morning News write Monday about how all of the bad news about the economy can affect investors psychologically. Torbenson and Case write, “You can’t blame the media for reporting the facts, as grim as they may be, said Bob Steele, an adjunct professor at the Poynter Institute […]
Examining biz media's role
David Folkenflik, the media correspondent for National Public Radio, takes a look at whether the business news media did a good job of warning consumers about the economic crisis before it happened. Folkenflik writes, “I tried to look at the media’s performance in a couple of ways, inspired by suggestions from Starkman and others. I […]
Financial journalism and its critics
Robert Teitelman, editor in chief of The Deal, responds Thursday to critics who blame business journalism for the current economic debacle. Teitelman writes, “Why, among all other journalists, are financial reporters expected to accurately predict the future? Investigative reporters, after all, report the past — the crime, the scandal, the failure. AIG might have been […]
Jon Stewart slams CNBC
“The Daily Show” host Jon Stewart, whose interview with CNBC reporter Rick Santelli was cancelled, used the time instead to slam the business news network, reports Julie Satow of The Huffington Post. Satow reports, “Maybe the most shocking Jim Cramer gem is when he is advising that his audience buy stocks: ‘You should be buying […]
Biz journalists were not to blame
Duff McDonald, a contributing writer at New York and Conde Nast Portfolio, writes Wednesday for Slate that when it comes to doling out blame for the current economic crisis, business journalists should be way down on the list. McDonald writes, “You know, speaking as a writer of business media, I am somewhat tired of the […]
Ritholtz book to be published by John Wiley
Barry Ritholtz‘s book “Bailout Nation,” which McGraw-Hill apparently shunned because it criticized subsidiary Standard & Poor’s, will now be published by John Wiley & Sons, reports Leon Neyfakh of the New York Observer. Neyfakh writes, “Mr. Ritholtz has said that McGraw Hill canceled Bailout Nation out of a desire to protect the reputation of the […]
A defining moment for business journalism
Ryan Chittum of Columbia Journalism Review interviews Mark Pittman of Bloomberg News about its coverage of the fall of Wall Street, and Pittman believes that the story will last for more than a decade. Here is an excerpt: TA: Tell me how your cops background plays into what you’re doing now. MP: You end up […]
