It's sort of a cross between the Chomsky-Hermann propaganda model of corporate journalism and the journalistic equivalent of administrative law capture theory, by implication.
In a windowless room at the Westin Hotel in downtown Denver, leading business journalists and editors explained how the media 'blew it' in covering the economic meltdown. They admitted, on one hand, to falling under the sway of free-market ideology and celebrating risk-taking financial leaders and, on the other, to missing the complex story of the rupturing system by only reporting it in parts and to almost no effect for the past decade.
Although not planned as confession, the discussion, which kicked off the annual conference of the Society of American Business Editors and Writers (SABEW), quickly descended into an unburdening, with the panelists taking turns voicing their own explanations and excuses for the failure.
Since when does corporate journalism not blow coverage of a major event like government lies, war, recessions, the health care industry and that kind of stuff?
I think they have the low-down on how Brad and Angelina might not be getting along, with some hot fashion tips for Spring; but serious journalism?
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