Categories: OLD Media Moves

CNBC’s Bain story may have been correct after all

Chris Ariens of TVNewser reports that a CNBC story last week connecting Republican presidential candidate Mitt Romney’s former consulting firm to the government’s bailout of the auto industry may have been correct after all.

The story was pulled late last week after Bain & Co. said it had no connection to the Bain Consulting mentioned in a government report.

Ariens writes, “But as it turns out, the government documents may have been wrong, which would make Javers’ reporting right. BI reported Friday night:

When we contacted the Treasury, they said that the report was hastily written and that they were, in fact, referring to Bain and Company of Mitt Romney fame. So according to the Treasury, they did talk to Bain and Company…

“A CNBC source tells TVNewser Bain & Company has not yet called Javers back.

“But for now, the story remains off CNBC.com, with the site’s managing editor writing on Sunday, ‘We did some subsequent investigation which revealed that the story may not have been entirely wrong after all,’ but adding that Javers’ story, ‘suggested a much stronger tie than was the case.'”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

Recent Posts

The evolution of the WSJ beyond finance

Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…

53 seconds ago

Silicon Valley Biz Journal seeks a reporter

This position will be Hybrid in the office/market 3 days per week, and those days…

9 mins ago

Economist’s Bennet, WSJ’s Morrow receive awards

The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…

8 hours ago

WSJ is testing AI-generated article summaries

The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…

9 hours ago

Cohen joining Bloomberg Tax

Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…

9 hours ago

Avila named interim editor for Automotive Dive

Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…

9 hours ago