Financial journalist Gary Weiss writes that the business media in Utah are ignoring the financial problems of Overstock.com, which is about to default on its loan covenants.
“In the unlikely event that word ekes out into the press on any of this, or the default threat, you can be sure that it will be written with an overt pro-Overstock bias.
“In other words, one of the largest and most interesting companies in Utah just isn’t covered at all, except when it issues a press release. If that isn’t a ‘captured media,’ to use one of Byrne’s favorite phrases, I don’t know what is.”
Read more here.
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