William Holstein, a former editor in chief of Chief Executive magazine and former editor at BusinessWeek, writes about the impact of fewer business media outlets on CEOs.
“Second, the decline in business journalism gives corporate decision makers less of a platform to display and test their own company’s strategy. ‘It means that there are fewer opportunities for a CEO to get his or her story into the media,’ says CNN’s Kandel. ‘Where are the stories about companies that are innovating and doing good things? They’re not being covered the way they have [been] in the past.’
“But perhaps the worst effect is the most subtle: Corporate leaders now have fewer opportunities to learn from one another’s experience, or even to know what’s going on in their regions and industries. Business news increasingly appears on websites and blogs — a far more fragmented, fast-changing, narrowly focused, and unpredictable media environment. The kind of judgment, insight, and broad perspective (even on narrow how-to topics or gossip) that routinely informed a business article is invaluable — but much harder to come by now.”
Read more here.
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