Categories: OLD Media Moves

Shedding a light on U.S. companies

Maddy Roth of American Journalism Review writes about the Southern Investigative Reporting Foundation, a nonprofit journalism organization started by former Fortune writer Roddy Boyd to conduct investigative reporting on companies.

Roth writes, “Boyd saw that as media budgets shrank and investigative reporting sagged under the weight of the financial crisis and the impact of the digital revolution on traditional journalism, business reporting in particular took the hit. And because of this, as SIRF’s brochure reads, ‘concerned citizens, legislators and regulators have had little insight into the workings of investment and commercial banks, rating agencies and other powerful financial institutions as they have expanded, embarked on complex fiscal arrangements, raked in billions of dollars in profit and, in some cases, abruptly collapsed.’

“And so Boyd, author of ‘Fatal Risk: A Cautionary Tale of AIG’s Corporate Suicide,’ launched SIRF last month. He built a board of directors, hired a lawyer and accountants, and is taking the first steps toward constructing a nonprofit news outlet from scratch.

“He settled on the nonprofit model because he was determined to avoid conflicts of interest. He wants to make it clear that the foundation and its future employees will possess no economic interest in any companies they report on.

“‘We do not feel that anyone else is doing anything like this in the mainstream media,’ Boyd says. ‘While some short-sellers do brilliant research, they are doing it to make a short-term profit. We do it for free.'”

Read more here. DISCLOSURE: I am on the SIRF board.

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

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

12 hours ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

2 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

3 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

3 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

3 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

3 days ago