TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Covering the Downturn, Looking for the Upswing

In his column in tomorrow’s New York Times, David Carr writes about those who cover the financial crisis.

Being a financial news anchor must seem like owning an ice cream parlor where spinach is the only flavor on the menu.

“We are looking for the crocuses and daffodils,” said Tyler Mathisen, managing editor of CNBC, which is owned by NBC Universal. “They may not come up this spring, but they are going to come.”

The problem for financial reporters (and consumers) is compounded by the failure of some of the more convenient tropes of business reporting. Many of the financial sectors’ rock stars have turned out to be the biggest fools of all.

Some financial journalists are tuning out altogether.

“I try not to watch CNBC,” says Dave Kansas who works for financial news site FiLife. “I don’t keep a TV near my desk because I don’t want to get caught up in the hourly changes. The idea that you can pick stocks and beat the market is sort of silly no matter what kind of market you are working into,” he said. “Bernie Madoff was able to deliver steady returns, but we know now how he did that.”

Mediabistro Course

Multimedia Journalism

Multimedia JournalismStarting September 25, learn how to create interactive packages with photos, audio, and video! Taught by a multiplatform journalist, Darragh Worland will teach you how to come up stories that would be best told in a multimedia format, and create original content for that package using photos, slideshows, and short video and audio pieces. Register now!