Categories: OLD Media Moves

What do we call this mess?

Brian Stelter of the New York Times writes Thursday about the difficulties some business journalists are having in coming up with a name for the current economic crisis.

Stelter writes, “CNBC, which has seen sharp ratings gains in recent months, initially called the economic situation a ‘credit crisis.’ Eventually it became a ‘Wall Street crisis,’ and before long it was a ‘Wall Street/Main Street crisis.’ In the last week, ‘Great Recession’ has become a popular phrase.

“‘Sometimes there are no easy names for things that are this big and important,’ Mr. Wald said. CNBC used a temporary title, ‘Is Your Money Safe?,’ for special reports from 7 to 9 p.m. in March when Bear Stearns collapsed, and again in September and October when other investment banks folded or revamped. But in mid-November, the network renamed its 7 to 9 p.m. hours ‘CNBC Reports,’ partly because the other title was ‘asking a question no one could really answer,’ Mr. Wald said.

“The titles and logos that news organizations bestow upon major events, unseemly as they sometimes are, can affect public opinion. Already, language has influenced the debate about the economy: the depiction of the government’s $700 billion ‘troubled assets relief program’ as a bailout helped inflame opposition to the proposal. More recently, Democrats have moved to call their stimulus plan an ‘economic recovery program.'”

Read more here.

Recent Posts

Debtwire seeks a private credit reporter

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

3 hours ago

BNN Bloomberg anchor Kanwar is departing

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

3 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…

3 hours ago

Politico reporter Fieseler departs

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

3 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…

5 hours ago

Reuters hires Krishnakutty as a news producer

Reuters has hired Pia Krishnakutty as a news producer. She has been at The Print as a…

5 hours ago