OLD Media Moves

Fortune CEO Murray: The facts do matter

Media companies and consumers of news need to focus more on facts and less on opinion, said Fortune CEO Alan Murray in a speech on Friday.

“We have to get back to the point where certain facts are accepted,” said Murray. “It’s more important to be right than to be first.”

Murray spoke Friday at Quinnipiac University in Hamden, Connecticut, as part of a School of Communications speaker series featuring media executives. He has been at Fortune since 2014, first as its editor in chief. The magazine was sold last year to a Thai businessman after being owned by Time Inc. since it started in 1930 before being sold to Meredith Corp.

Murray blamed the advent of social media, particularly Facebook, for leading to a deterioration in the quality of information. He urged consumers to consider a publication’s standards, its willingness to correct errors, and its ability to tell both sides of a story to determine whether its information was factual.

“People need to care that facts really do matter,” he said. “The first thing you can do is care.”

Murray argued that many media outlets have been chasing readers instead of focusing on quality content.

“Ultimately, I’m optimistic” about the future of journalism, said Murray. “I’m optimistic because I believe it matters.”

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

Indianapolis Biz Journal seeks a news editor

The Indianapolis Business Journal is looking for our next news editor, a role that focuses…

13 hours ago

Axios hires Berkowitz as ME for media and markets coverage

Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…

18 hours ago

Business Insider hires Ortega as director of newsroom operations

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…

18 hours ago

Rest of World promotes Chandran to deputy editor

Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…

19 hours ago

FT hires Venugopal as India newsletter editor

The Financial Times has hired Veena Venugopal as its India newsletter editor. She has been working at…

19 hours ago

FT taps Parkin to be Middle East and Africa news editor

Benjamin Parkin has been named Middle East and Africa news editor at the Financial Times, based…

22 hours ago