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Journalism Ethics: Interviewing the Reporter As a News Source

27 Tuesday Mar 2018

Posted by Paul Kiser in All Rights Reserved, Business, Communication, Crisis Management, Customer Relations, Donald Trump, Entertainment, Ethics, Generational, Government, History, Honor, Information Technology, Internet, Journalism, Language, Opinion, Politicians, Politics, Print Media, Public Image, Public Relations, Republic, Social Interactive Media (SIM), Social Media Relations, Technology, Traditional Media, United States, Website, Wordpress, Writing

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community relations, Facebook, investors, journalism standards, journalistic ethics, journalists, local news., local tv news, media companies, media organizations, Newspapers, PR, Public Relations, reporters, Standards

News organizations have not evolved as much as they have devolved over the last sixty years. Journalism ethics have suffered the greatest. The priority in news organizations has shifted from high journalistic standards to gaining market share. The news anchor or primary news host now use the reporter as hu’s* news source.

I can't match the anchor's name to any of the CNN faces online

CNN news anchor interview CNN reporter Matt Rivers

How Did We Get Here?

Originally, the news reporter job was to gather the facts, confirm the facts, and organize the facts into a story. The myth of Superman’s girlfriend getting the scoop and landing a Page One, Pulitzer Prize article wasn’t how it really happened.

Good journalism was the verification of the facts, careful research, and exposing lies. In the end, the reporter’s name was the byline, not the storyline. Reporters needed the attention to detail of an accountant, the interrogation skill of a great attorney, the ethics of a great judge, and the knowledge of a college professor, in addition to the ability to write a compelling story.

But when investors began buying up news organizations, money became the priority over journalism standards. Advancement was based who could attract a bigger audience. Women were brought into the newsroom, but the motivation was ratings, not equality. Money flowed to those that could produce shock and awe. The young, idealistic journalism graduate discovered that a reporter was underpaid, overworked, and disrespected.

And while the journalism standards fell, the news source wall went up. Organizations created ‘public relations’ experts to ‘control the message.’ Now a reporter is the person between the news organization looking for ratings and the news source that wants to be a shining star.

Corporate Public Relations Mastery of Orwellian Doublespeak

Not every company believes in lying to the public, but it does seem the bigger they are, the less responsive they are willing to be. The most recent major incident is Facebook’s initial response to the data of 50 million users being collected by conservatives connected to the Donald Trump campaign.

After the story broke on Saturday 17 March, Facebook ran silent for days before issuing any response. Journalists that attempted to obtain information and/or a response were ignored. Major headlines were running about the data breach and Facebook was on lockdown.

Corporate PR has made the company the least likely source of accurate, reliable, and/or truthful information. So now the reporter digs up whatever information they can and becomes the ‘expert.’ The news anchor often interviews the reporter as the sole news source because no one else will talk.

The problem with this is that the reporter can’t speak with authority. They are not privy to the inside information so they can only offer hu’s opinion. That changes journalism into gossip and guessing. No one can be sure of anything because no one knows the truth. That leaves it up to the individual to accept what they want to hear and reject what they don’t want to hear. That is never good for a democracy.

[*Hu’s is a gender neutral pronoun for his or her.]

Hiding Journalists Behind the Paywall

26 Monday Feb 2018

Posted by Paul Kiser in Branding, Business, Communication, Customer Relations, Ethics, History, Honor, Information Technology, Journalism, Management Practices, Print Media, Public Image, Public Relations, Respect, Social Interactive Media (SIM), Social Media Relations, Stock Market, Technology, Traditional Media, United States, US History, Website, Writing

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entertainment, investors, journalism, journalism standards, journalists, New York Times, newpapers, News media, news organizations, packaging news, paywall, paywalls, The Wall Street Journal, Washington Post

Several news organizations have blocked their website content behind paywalls. The New York Times, Wall Street Journal, and The Washington Post are noteworthy examples. Paywalls are an attempt to force the reader to pay a subscription to access the news articles of the day. The question is what kind of a journalist wants her or his work held captive from the public?

Paywall News Organizations: The Road to Irrelevance

Out of Sight, Out of Mind, and Irrelevant

The thinking of these organizations is that the value of the content behind the paywall will create a desire for the reader to open a wallet and pay them money. The problem with that theory is that information is not ‘owned’ by a news organization, it is only packaged. News is what happens in the world and is reported in the raw on Twitter, Facebook, and all the other free sources on the Internet.

What investor-owned news media attempts to do is make the reader pay for their packaging of the news, not the product itself, and in an age of the Internet, someone else can offer the same product in a different package for free. 

For the writer or journalist that creates the packaging of the news, it means that the public can’t see her or his work…ever. If people can’t see your work, you become irrelevant. The best writer in the world risks becoming invisible when all his or her creative efforts are on a pay-to-read basis.

Even those who are willing to pay for the subscription can’t share an article with others when it is behind a paywall. The benefit of readers discussing a journalist’s work is limited to the subset of those who pay-to-read and in a ‘Share’ world, that is a critical shortfall.

Paying Journalists For Their Work Myth

The organizations that inflict a paywall on the reader and the journalists defend the decision by saying:

Someone has to pay for quality journalism!

But that is a lie. The truth is closer to the statement:

Our investors have to suck as much money out of the work of the journalists!

Note the list of news organizations and, according to Forbes magazine, who owns (as of June 2016) the controlling stake in them.

Behind Hard Paywall (all articles pay-to-read)

  • Wall Street Journal – Billionaires Rupert Murdoch and Lachian Murdoch
  • The Washington Post – Billionaire Jeff Bezos

Behind Soft Paywall (limited free views)

  • New York Times – Billionaire Carlos Slim Helu
  • Wired – Billionaire Donald Newhouse
  • The New Yorker– Billionaire Donald Newhouse

No Paywall

  • Bloomberg Businessweek – Billionaire Michael Bloomberg

The people who control these news organizations don’t need to find new ways to pay journalists. They are just using journalists for greed.

News As Entertainment

Journalism is a philanthropic duty. It is not created to generate profit for investors, it is created to provide information to citizens. The transition from journalism to entertainment is strictly about greed.

Few great journalists become wealthy, but great journalists become the keystone to a great society. The fall of our country can be traced, at least in part, to the fall of journalism. If journalism is about making money then journalists are just prostitutes of news.

Corp USA: “The Stock Market Requires We Underpay You”

15 Thursday Feb 2018

Posted by Paul Kiser in Aging, Business, Economy, Employee Retention, Ethics, Management Practices, Public Image, Public Relations, Stock Market

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corporations, DJIA, Dow Jones, inflation, investors, living wage, Money, stock market, wages, workers

The stock market face plant last week proves one thing. The investor economy is based on human cruelty. Repeatedly analysts gave a reason for the mini-crash in the stock market:  Fear of wages finally moving upward. Investors like it when wages don’t keep pace with inflation, but the moment they fear that wages might increase the stock market tanks.

Dow Jones Face Plant

Dow Jones (DJIA) drops with fears of higher wages

Analysts explained that higher wages would lead to inflation, which makes investors look smart, not cruel. So, was inflation the real reason, or was it just about higher wages?

It’s About Wages Stupid

Fortunately, this week gave us the answer. The measure of inflation is the Consumer Price Index (CPI.) This week the latest CPI report came out for January. If the CPI was up, it would confirm the fear of inflation, if not, then all was well and the stock market would continue to climb.

The CPI news?

Eight straight months of higher consumer prices

The CPI went up, big time. It was confirmed. Inflation is here…but wait, where is the big fall in the stock market? Why is it going up? You guys, it’s inflation! You’re not supposed to invest when inflation is on the rise! That’s what you said last week!

No surprise here. Investors don’t like workers getting more pay. Inflation has nothing to do with investor fears. Eight straight months of increased consumer prices and January has the largest increase, so inflation is real, but investors don’t seem to care.

The truth is that corporations and investors don’t like higher wages for working people. It is a threat. Investors wear their heart on their stock chart when it comes to better wages. The steady growth in the stock market while wages remained stagnant for workers is the best indicator how a rising stock market reflects the depravity of investors.

Stock Market Symptom of Great Depression, Not Cause

05 Monday Feb 2018

Posted by Paul Kiser in About Reno, Business, Crisis Management, Economy, Ethics, Generational, Government, Government Regulation, History, Housing, Management Practices, Politicians, Politics, Real Estate, Taxes, The Tipping Point, United States, US History

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1929, Black Monday, Black Thursday, Black Tuesday, feeding frenzy, investors, stock market, Stock Market Crash

Investors seem to be the last to know that the economy is a disaster. It is true that the downturn in the stock markets can trigger negative reactions in the economy, but those reactions are an acknowledgment of existing problems, such as low wages, overextended on loans, etc. In every case of an economic downturn, the stock market was a symptom of the larger economic failures and not the cause of the downturn.

Marchers seeking jobs

Post-Great Depression Life

Investor Greed-Based Denial

Investors are notorious for lying to themselves. The primary motivation of an investor is to make more money and that motivation compromises his ability to make informed judgments. Most investors and the computer-based programs they use are focused on what the crowd is doing. Investors review and respond to company and industry issues, but even if the facts indicate a problem that might threaten the future of the stock value, most investors will follow the actions of the rest of the market over any contrary information.

Stock Market:  It’s About Buying Stupid

Stock markets are ruled by buyers. If most investors want to buy a stock the value goes up. If most investors don’t want to buy the stock the value goes down. Individual stock values are driven by buyers.

However, when investors realize that major economic factors and/or significant world events will have a negative impact on all stock values, the markets collapse. A market crash occurs when sellers of stocks can’t find any buyers at any price. That is why some market collapses have been stalled by a major investor buying up stock to prop up the values of the larger market.

Economic Factors of the Great Depression

The major underlying economic causes of the Great Depression were low wages, weak consumer buying, high consumer debt, and depressed agricultural prices. Despite these warning signs investors continued to speculate on higher and higher stock values. They figuratively ran off the cliff unaware that there was no ground underneath them.

1929 Stock Market Crash

The Dow Jones Industrials 1929 Crash

The irony is that investors had multiple warnings before the big crash on 29 October 1929. In March and May of that year, the stock markets experienced mini-crashes that were warned of economic dysfunction; however, by June investors were back to rampant speculation. By September the stock markets began to stumble leading to Black Thursday (24 October) and Black Monday (28 October) and finally Black Tuesday (29 October.) After that, no one held any delusions of the state of the economy.

Market Crash Indicators:  Rapid Advances, Wild Speculation 

It is consistent that rapid growth and high exchange volumes in the stock markets are the best predictors of an impending crash. As the key indicators warn of economic downturn investors seem to move into a frenzied state of buying and selling. This behavior suggests that investors are aware of the coming downturn and are attempting to pass around stock as fast as possible to make money at a high value, but then selling off the stock before its value collapses.

DJIA 10 years

2017 DJIA indicates a frenzied feeding event

2018 Looks Familiar

The economic situation of 2018 has many similarities to the 1929 pre-Depression environment. Wages have been stagnant for decades. Consumer debt is high and consumer savings is low. Multiple economic factors such as housing prices are out of touch with reality.

The scariest indicator predicting a downturn is the frenzied volume of shares being bought and sold. It indicates that investors are attempting to play ‘hot potato’ stocks in an attempt to harvest their value while the market is going up, but sell the stock quickly to avoid being caught before the stock market crashes. The current markets have no confidence in the future of our economy and that is more revealing than anything investors actually say in public.

[COUNT TO 500:  494th Article in PAULx]

Other Pages of This Blog

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  • Rules on Comments
  • Six Things The United States Must Do
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