Thursday, May 14, 2009


Some NPR host asked Gillian Tett if the business press might not represent the interests of "the rest of us." Hmmm: A press which specifically markets itself to big business... not looking out for the little guy? I give you the cutting edge of public radio!

Naturally, Tett, who is employed by the Financial Times, did not answer, "Yeah, pretty much," but instead talked about the business press being "in transition" -- because what isn't these days? -- and underscored the challenges of business journalism in speaking the language of Wall Street while writing accessibly for the public good. I thought this was interesting considering that a yearly subscription to the FT runs close to $500, which tells you something about its public purpose. Tett's investigative reporting on credit market chicanery may have yielded insights relevant to the public good, but that is only because it was deemed useful the business community first. It is only after the fact that one publishes a book aimed at a general audience.

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