Categories: OLD Media Moves

Why CNN has trouble covering the current economic crisis

Dale Dougherty writes on BoingBoing his 10 reasons why cable news channel CNN has had trouble covering the current financial crisis.

Here are a few:

1) It’s not a hurricane so Anderson Cooper of CNN is unable to position himself in the middle of the storm for optimal drama. In other words, TV anchors can’t get wet and windblown, while viewers worry about their safety. The state of the economy is a disaster but not a natural disaster. Nobody’s leaving the studio for this one. There’s no place to go.

2) It’s like a war and we keep losing ground each day. In the place of casualties, we have falling stock indices but it’s hard to show the real damage. There’s only so much you can do with oversized charts to tell a story. The war on terrorism featured a real enemy. We’ve just never been able to find them, no matter who goes after them. (Maybe it’s not so different.) Campbell Brown (“No Bull, No Bias”) should say that what the capitalism’s finest did to themselves and to us was worse than any terrorist could have imagined.

3) Few CEOs, fewer economists, and almost no one in the financial industry, want to step forward and say with conviction what will happen. A year ago we couldn’t get them to stop telling us what great things to expect in the next quarter. Not now. They don’t know what’s coming and they aren’t willing to say even that much. They are MIA. Insider information is at an all-time low.

Read more here.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

16 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

16 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

16 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

17 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

17 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

17 hours ago