The bigger scandal in business journalism

Forbes.com columnist Gary Weiss says there is a bigger scandal in business journalism than CNBC anchor Maria Bartiromo taking a trip on a corporate jet.

Wrote Weiss: “As a result of publisher greed, journalism is increasingly a profession for the children of the independently wealthy.

“Adjusted for inflation, the salary I received at The Hartford Courant many moons ago — to work as a cub reporter in a small city in southeastern Connecticut — is higher than starting salaries today for small-publication financial journalists in New York City. And that’s for jobs that actually pay a salary, since no-pay internships are common.

Now that is a scandal, one that affects the coverage that you see int he media, particularly the secondary outlets, every day.”

Read more here.