Categories: OLD Media Moves

New York biz journalists a world apart from the rest of us

Don Mecoy, a business reporter for the Oklahoman, wrote Wednesday about his trip to New York last week for the Society of American Business and Editors fall conference.

Mecoy came away with the belief that business journalism in New York is much different than what he and other business journalists around the country practice because of location.

Mecoy wrote, “CNBC anchor Becky Quick addressed the reporters’ seminar I was attending and posed some interesting ethical questions about her employer’s role in reporting on and moving the markets. The network’s instant analysis format is designed to appeal to traders and speculators seeking the latest data.

“Unfortunately, as Quick’s sometimes embarrassing videos displayed, fast sometimes means wrong. On two occasions in the past month, Quick reported bad information in her haste to get the news out as quickly as possible. The network corrected the mistakes as quickly as possible, but Quick, a former Wall Street Journal reporter, admitted the experiences gave her pause.

“She also admitted that CNBC will rush to air to report on a stock that is suffering a big loss for no apparent reason. A lack of hard information is no reason to avoid exploring the situation, she said, and rumors are fair game.

“Traders watch and react to CNBC, which in turn watches and reacts to traders. Like much of what happens where the market rubber meets the road, it causes one’s head to spin.”

Read more here.

Recent Posts

FT taps Foy to cover European banking

Financial Times reporter Simon Foy is now covering European banks. He has been covering accounting for the…

2 hours ago

Debtwire seeks a private credit reporter

Debtwire, the leading provider of global fixed income news, analysis and data for more than…

5 hours ago

BNN Bloomberg anchor Kanwar is departing

Amber Kanwar, an anchor for BNN Bloomberg in Canada, is departing at the end of…

5 hours ago

Moody’s promotes Kantrow to editor in chief

Moody's Ratings has promoted Yvette Kantrow to senior vice president and editor in chief. She has been…

5 hours ago

Politico reporter Fieseler departs

Politico reporter Clare Fieseler is leaving the news organization to take on some ocean reporting projects. She…

5 hours ago

WSJ’s Eisen to write book about the mortgage market

Wall Street Journal reporter Ben Eisen has signed a contract with Norton to write a book about…

7 hours ago