OLD Media Moves

CNBC’s Fortt: Viewers depend on us for accurate information

The Verge editor in chief Nilay Patel spoke with CNBC anchor Jon Fortt about his job.

Here is an excerpt:

Do you actively think about how much the minute-to-minute content of CNBC moves the markets in real time, as you are producing the news?

I try to act as if the real-time content on CNBC might move the markets, but I don’t flatter myself enough to think that it really does. I mean honestly, the stuff that you guys publish on The Verge probably has more market influence in many cases than a lot of the stuff that we do on CNBC. But I think it’s incumbent on us to hold it as a sacred trust, the fact that investors, companies, people in the markets are depending on us for accurate, real-time information. So I don’t know to what degree what airs on CNBC moves the markets, outside of it being breaking news that’s material to a company — yes, that clearly moves. I don’t know. But I try to act as though it does.

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.

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