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OLD Media Moves
Even more of a need for business journalism
October 1, 2008
Jessica Pressler of New York magazine writes that there should be more of a demand for business journalism going forward to explain what’s going on in the economy and on Wall Street.
“‘I’d say it is just the opposite,’ Sorkin confirmed when we asked him what he thought of Starkman’s assertion. ‘Financial journalism is more important than ever. It’s like firefighters and the biggest house on the street is now ablaze.’
“And when the fire is out, and we’re looking at a changed financial landscape, won’t there be even more of a need for journalists who can record the rebuilding of the American economy? We’d also argue that when — if — the turmoil does end, a channel like CNBC will retain a decent percentage of these new viewers, who after this scare might not want to slip back into ambivalence. In fact, bad as the market is right now? We’d even bet on it.”
Read more here.
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