In an interview that followed the culture of Ray Dalio's Bridgewater in the Times there was an interview set up. What follows is a journalist from the New York Times being shocked when 95% of the audience agrees that the media has a serious issue with it's portrayal of the news.
While the Times is by far the most reputable of any of the news sources with the possible exception of CNBC (IMO) it was interesting to see the journalist who as many of us do in our respective industries seems to have blinders on when he sees the audience reaction to the big problem that we have with evergreen, positive, and accurate news coverage.
His response was as you would respect and expect that it's about clicks and numbers and if it's not bleeding it's probably not leading. Thats the issue with the news that if it's not portrayed negatively with a catchy headline we are probably not interested in reading or watching it.
Watch the interview here and make your own assesment: ritholtz.com/2017/03/the-culture-principle/
While the Times is by far the most reputable of any of the news sources with the possible exception of CNBC (IMO) it was interesting to see the journalist who as many of us do in our respective industries seems to have blinders on when he sees the audience reaction to the big problem that we have with evergreen, positive, and accurate news coverage.
His response was as you would respect and expect that it's about clicks and numbers and if it's not bleeding it's probably not leading. Thats the issue with the news that if it's not portrayed negatively with a catchy headline we are probably not interested in reading or watching it.
Watch the interview here and make your own assesment: ritholtz.com/2017/03/the-culture-principle/
