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. […]
Biz media ignored story about lax state regulation of lenders
Ryan Chittum of Columbia Journalism Review interviewed John Ryan, executive vice president at the Conference of State Bank Supervisors, who repeatedly tried to get business reporters in the past few years interested in writing a story about how state regulation of lenders was being steamrolled by Wall Street. Here is an excerpt: John Ryan: I […]
Access to sources and biz reporters
Dean Starkman of Columbia Journalism Review writes about the issue of access to sources in business journalism, a problem he says is shown in the New York Times story by Geraldine Fabrikant about ousted Citigroup executive Sallie Krawcheck. The story contained references to people close to Krawcheck and her thinking, without every quoting her. Starkman […]
Financial journalism needs to reassess its role
Financial journalists and others involved in the process or reporting business and economics news need to reassess the roles and responsibilities of business journalism, according to a study released this week from the London School of Economics. The study, done by Damian Tambini, concludes “Those that seek a more responsible financial journalism should open a […]
Sharesleuth borne out of Cuban's interest in shady companies
Billionaire investor Mark Cuban, accused of insider trading on Monday, told the Dallas Morning News that the creation of the investigative business journalism site Sharesleuth.com, which he funds, was due to his experience investing in the company the government now accuses him of selling shares in with inside information. Cuban has used the site to […]
Sharesleuth to start companion site looking at bailout
Sharesleuth, the independent business journalism site run by former St. Louis Post-Dispatch business reporter Chris Carey and funded by billionaire Mark Cuban, plans to start another site called BailoutSleuth that will take a look at the government’s $700 billion funding of banks and other companies caught up in the economic turmoil. Carey writes, “The site […]
Business journalism and its influence on the markets
Kerry Smith of the Illinois Business Journal writes Monday about how business journalism influences what happens in the markets on a daily basis. Smith writes, “While other factors were at play during that same time — such as recent passage of Congress’ $700 billion bailout and a dour speech Oct. 7 by Fed Chairman Ben […]
The evolution of a business news story from trade press to mainstream
The Deal executive editor Yvette Kantrow writes Sunday about how the story about the Treasury’s banking bailout scrapped a provision of the tax code that limited tax breaks financial institutions could take after buying loss-ridden banks has moved from the trade press to the mainstream media. Kantrow writes, “One of the earliest full-blown stories on […]
Bloomberg columnist Weil is ahead of the curve on financial mess
Ryan Chittum of the Columbia Journalism Review interviewed Bloomberg News columnist Jonathan Weil, who has been writing about the problems on Wall Street for years. Here is an excerpt: The Audit: How do you get your column ideas? Jonathan Weil: A lot of it’s reading 10-Ks and 10-Qs and proxy statements. A significant piece is […]
Business news takes center stage
Greg Morago writes Thursday for the Hartford Courant how business journalism is taken on more credence with the current economic turmoil. Morago writes, “That transitional focus to business and financial news has shone a spotlight on media business reporters in print and broadcast. The financial talking heads, business scribes, Wall Street analysts and market-watch hacks […]
