Reporting the global financial crisis

Knowles, Sophie, Phillips, Gail and Lidberg, Johan (2015) Reporting the global financial crisis. Journalism Studies . ISSN 1461-670X (Published online first)

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Abstract

During the Global Financial Crisis (GFC) of 2008, the financial press attracted criticism for its coverage: specifically that it did not provide any forewarnings to the general public; that it lacked sufficient scepticism when reporting on financial and economic trends; and that reporters were too close to the sources they used for information. This paper argues the GFC represents only the latest manifestation of dissatisfaction with the financial press, with similar concerns being raised in previous financial crises such as the recession of the late 1990s and the Dot Com boom in 2000. The paper presents the results of a longitudinal tri-nation quantitative and qualitative content analysis of the reportage in three mainstream newspapers in the United States, the United Kingdom, and Australia across three decades, along with industry insights provided by interviews with reporters in each of the countries studied. The interviews and empirical evidence indicate there has been a decline in mainstream financial journalism standards since the 1980s, as the media have faced increasing institutional, ideological, and industrial pressures.

Item Type: Article
Additional Information: Published online: 28 Jul 2015
Research Areas: A. > School of Media and Performing Arts > Media
Item ID: 20055
Useful Links:
Depositing User: Sophie Knowles
Date Deposited: 17 Jun 2016 10:24
Last Modified: 30 May 2019 18:39
URI: https://eprints.mdx.ac.uk/id/eprint/20055

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