Business media creating frenzy

Roger Ehrenberg, a managing partner for Information Arbitrage Ventures, writes that the business media often create a frenzy in the markets by reporting noise that really isn’t news.

Ehrenberg writes, “I have historically thought of the media complex as being designed to report news and break stories, with an emphasis on information dissemination and analysis. Market responses are then based upon new information ferreted out and reported by the media, in addition to data collection and proprietary research done by investors.

But the media of today seems so much different, not satisfied with merely reporting since all manner of real-time media is beating traditional reporting to the punch. And there appears to be a relatively small number of thought-leading analysts who don’t merely report but think, contextualize and predict. There is a dynamism and intellectual curiosity to this kind of reporting that is fresh, timely and value-added, but is sadly the exception and not the norm.

“Which leaves the rest of media, seemingly unsatisfied with merely reporting the news but instead hell-bent on creating the news.