Fixing the news

It's been a little while since the Finkelstein report came out, and we've since seen the Leveson report come out in the UK.  We've also seen the response to Leveson by the British Prime Minister, David Cameron.

The same thing is pretty much happening here with Finkelstein.  Thanks to articles like this, the hysterical reaction pretty much ensures that any government that wants to enforce standards on the news media will be considered to be recklessly trampling free speech beneath satanic jackboots in an Orwellian orgy of dictatorial facsism by the time that media is finished with them.

I don't support this at all.  Leaving aside regulation for a moment, no one seems to have twigged that the problem is with news itself.  In short, we don't really get it any more.  We get something that looks like news, but is quite slanted and biased and, as I alluded to in my previous posts, we now are getting some pretty second-rate product that we, as consumers, don't really deserve.

In other words, the market is not providing and therefore, there is market failure.  Which, in other industries, means that it's time to regulate.

So, I thought I'd have a good think about this.  What is is that we would like a news service to provide us with?  What is it that we, as consumers, think of when we think of news?

On why the media should embrace more regulation. Part 2

 In our first part, we heavily criticised News Corp for just being a bad news organisation.  By that, I mean that as a news organisation, they are bad.  Incredibly bad.  (I didn’t mean that they just produce bad news, oh heavens to Betsy, no)

It should be pointed out, though, once again, that I was only singling out News as the worst of what appears to be a very bad bunch.  I listed a whole bunch of crimes committed by the media in part 1, some of which were also committed by other media sources as well.

A really good example of disgraceful media practice that is committed across the board, is the tendency of the financial media to regurgitate media releases from companies, without any sort of objective research.  Media Watch appears to have strangely left financial journalists alone to date, but will pursue other journalists who regurgitate press releases.