Media Watchdog Unveils Financial Site
Watchdog group Media Matters has launched a new Web site called Financial Media Matters, a project "dedicated to holding accountable those who report on the financial and business industry as well as those who report on labor, economic, and other fiscal matters." The organization created the site because it believes reporters have consistently offered false or misleading coverage of the causes of and proposed solutions for the current economic crisis. "Many journalists, both in the financial and mainstream media, have failed to critically examine the issues and instead have simply repeated partisan spin -- from using the phrase 'Obama Bear Market' to touting CNBC on-air editor Rick Santelli's rant as being 'populist,'" Media Matters said in a Monday press release. Among those in the site's crosshairs: CNBC, Fox Business Network, and The Wall Street Journal. "As people across the country struggle with losing their jobs, losing their homes, and losing their nest eggs, Americans are depending on the media -- especially the financial media -- for answers," Media Matters President Eric Burns said.
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