Categories: OLD Media Moves

How the NY Times covered the financial crisis

Matt Giles of The New York Times writes about how the paper covered the economic crisis of 2008.

Giles writes, “Fueled by pizza, Mr. Sorkin, Mr. Dash and the reporter Ben White huddled around Ms. Anderson’s second-floor desk.

“‘I was nine months pregnant with my first child, and I was the only woman in the world who ever thought, ‘Please don’t go into labor, I want to keep writing this story!’’ Ms. Anderson recalled.

“The reporters pieced together an article explaining the implications of the weekend’s events while Mr. Ingrassia finessed the copy to meet the final 11:30 p.m. deadline, only to be interrupted when Mr. Sorkin ran over with a last-minute edit. He had just spoken with one of the handful of people familiar with all of the dominoes in play, who warned the horizon was still very much unsettled: ‘You don’t understand how bad this AIG thing is. That’s the next levee to break.’ ‘

“Mr. Sorkin and Mr. Dash didn’t leave until after 1:45 a.m. on Sept. 15 when Lehman officially filed for Chapter 11 bankruptcy, the largest filing in U.S. history.”

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

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

2 days ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

2 days ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

2 days ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

2 days ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

2 days ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

2 days ago