Fox Biz readies lawsuit against Treasury
TALKING BIZ NEWS EXCLUSIVE Talking Biz News has learned that Fox Business Network is about to file a lawsuit in the Federal Court of New York, suing the U.S. Treasury Department for failure to respond to requests filed under the Freedom of Information Act (FOIA). The FOIA requests were seeking information on the details of the bailout […]
Trying to question Madoff
Erin Arvedlund, a former Barron’s reporter, writes Wednesday for Conde Nast Portfolio about her attempts back in 2001 to question hedge fund operator Bernard Madoff, now accused of swindling $50 billion from investors. Arvedlund writes, “Every reporter encounters a big story that feels risky — that carries the risk of offending someone important, someone big, […]
How did we get here?
Yvette Kantrow of The Deal writes that the business media hasn’t done a very good job of explaining to consumers how the economic crisis go to where it is right now. Kantrow writes, “Unfortunately, the media, like everyone else from Henry Paulson on down, didn’t really have a clue. But various explanations, usually of the […]
Fed refuses Bloomberg's FOI request
The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral, according to a Bloomberg story by Mark Pittman. Pittman reports, “The Fed supplied copies of three e-mails in response to a […]
Covering the mortgage industry
Ryan Chittum of Columbia Journalism Review interviewed Mike Hudson, an investigative reporter who now works for the Center for Responsible Lending, about how business journalists have covered the mortgage meltdown. Here is an excerpt: TA: How has the press done in its job over the last decade or so — you’d know the timeframe better […]
Reporting from the eye of the storm
Richard Huff of the New York Daily News profiles CNBC reporter Rebecca Jarvis, who is covering the wild swings in the stock market. Huff writes, “‘I take it very seriously, knowing the things we talk about can have an impact on every single person who turns on CNBC,’ Jarvis, 27, told the Daily News. ‘We […]
Fox Biz Network's Willard appears on "Tonight Show"
Cody Willard, who is one of the co-hosts of Fox Business Network‘s “Happy Hour,” appeared on the “Tonight Show” Monday night and talked with Jay Leno. Here is an excerpt of the conversation: Leno: See, here’s the part I don’t understand. I mean, I’m always talking about bailing out the car companies. But it seems […]
Author: Patterns in biz journalism coverage follow stock market
Well-known business book author Michael Lewis, who has written a new book called Panic: The Story of Modern Financial Insanity, talks to “On the Media” host Brooke Gladstone about how business journalists tend to follow the same patterns of coverage when the market is up. Here is an excerpt: MICHAEL LEWIS: The pattern tends to […]
Don't listen to Jim Cramer
Nick Kapur of The Motley Fool criticizes CNBC‘s “Mad Money” host Jim Cramer in a post on Monday. Kapur writes, “The scary part is that Cramer has flip-flopped numerous times, calling the bottom already several times this year. While CNBC may gloss over this fact, I’ve taken careful notice. Don’t forget about his theory that […]
Critiquing the Citigroup bailout coverage
TheStreet.com press critic Marek Fuchs writes Monday about the coverage of the government’s bailout of Citigroup. Fuchs writes, “The first thing the bailout coverage must do is provide an overview of recent history and, specifically, how other government bailout plans of banks were greeted with relief by investors, who within days lost their confidence again. […]
