Only nine percent of business journalists think an unconscious bias has affected their profession’s ability to report on the Trump administration.
The vast majority — 71 percent — believe journalists remain committed to seeking the truth and reporting it fully, according to a recent survey of North American business journalists released by financial reporters’ association the Society for Advancing Business Editing & Writing and Miami-based PR firm rbb Communications.
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The survey, which sought to gauge journalists’ sentiments regarding the state of the media and how it’s been impacted by the Trump administration, focused, in part, on the practice of unnamed sources, which has seen increased use among the press in recent years.
The majority of respondents — 36 percent — said while naming a source is always preferable, most readers and viewers today understand and accept why the use of unnamed sources is sometimes necessary. More than a quarter — 26 percent — said they don’t currently feel compelled to use unnamed sources more than before. An additional 18 percent of journalists said the current political landscape has birthed a growing skepticism toward the use of unnamed sources, and they’re concerned that stories will now be viewed as less credible as a result.
When asked to elaborate on today’s journalism environment, the majority — 37 percent — said the most unpleasant part of the profession is its constant uncertainty and instability. Nearly a third — 32 percent — said they dislike today’s emphasis on brevity and click-friendly content. An additional 11 percent cited the pressures of being expected to manage and navigate multiple platforms.
The rbb/SABEW survey polled journalists and media professionals who are current SABEW members, and drew responses from 80 respondents. The survey, which was administered by SABEW, was conducted in September.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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