How did the business media perform?

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1 Response

  1. Dave says:

    Defining success or failure in business journalism is certainly a tough task. What exactly is the metric used for pass/fail criteria?

    From my vantage point, the media failed in that they and they alone are the gatekeepers to how Washington responds to critical issues and in this case the financial media was unable to persuade Congress and the White House that trouble was in the future. The media, more than any other public entity has the power to publicly pressure a sleeping Congress to wake up. In fact, the Senate Banking has long said, get major media to cover it and we will respond to it.

    Major media did not cover, to the extent required, the pitfalls that were ahead because, again in my opinion, major media lacks the depth of investigative financial journalism. Everybody today is on the same story with the same story line (post fact). It is time we got away from the cheerleading at CNBC and more into the challenges of true investigative and hard hitting journalism.

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