Friday, June 12, 2009

Top 10 most intriguing media stories of the past decade

Jon Friedman compiled his list of the most intriguing media stories of the past decade.
  1. The demise of newspapers: The end is coming swiftly and mercilessly for the newspaper industry, as the Web continues to transform the media.

  2. The rise of Google, Facebook and Twitter: The social media is all-powerful now. You're as likely to view a scoop posted on Facebook as anywhere else.

  3. The acquisition of Dow Jones: News Corp. /quotes/comstock/15*!nws/quotes/nls/nws (NWS 11.84, +0.03, +0.25%) accomplished the unthinkable by scooping up the company that owned The Wall Street Journal and other media platforms. While many pundits initially recoiled in horror, the "new" Journal -- both in print and online -- is a snappy, wide-ranging operation that continues to put the news first. (News Corp. is also the parent of MarketWatch, the publisher of this column.)

  4. The Jayson Blair affair: The New York Times took a broadside hit in 2003 when Blair, a semi-anonymous young reporter, made a name for himself by making up several stories. Many Times managers didn't wise up to his scheme until the damage had been done, which was almost as troubling as his journalistic breach.

  5. Time Warner's AO-Hell: The ballyhooed combination of Time Warner /quotes/comstock/13*!twx/quotes/nls/twx (TWX 26.45, -0.04, -0.15%) and America Online, announced in 2000, had all of the excitement of a Hollywood marriage. But the promise of a melding of old and new media powerhouses quickly collapsed under the weight of bad morale, untimely market conditions and too many miscalculations to list here.

  6. The teetering of the Times: Confirming that there are no sacred cows in a recession, the worrisome financial situation at the New York Times Co. /quotes/comstock/13*!nyt/quotes/nls/nyt (NYT 6.11, -0.17, -2.71%) is nonetheless startling for observers who had suggested that the newspaper represented the Mt. Olympus of journalism.

  7. The fall and rise of Katie Couric: When Couric left NBC's /quotes/comstock/13*!ge/quotes/nls/ge (GE 13.44, -0.13, -0.95%) "Today," she was America's Sweetheart. But "perky" became a dirty word when she arrived as anchor of "The CBS Evening News." Lately, Couric has gotten high marks -- well, higher, anyway.

  8. Omnipresent Gawker: Nick Denton's snarky brainchild has permeated all forms of the media with its wit, bite and relevance.

  9. The Jon Stewart-Jim Cramer smackdown: Stewart, host of Comedy Central's "The Daily Show," dressed down Jim Cramer, the loud talker from CNBC, in the wake of the financial crisis. Fair or not, Stewart accused Cramer and CNBC of failing to educate viewers and relying on show-biz flourishes instead of solid information about the Wall Street meltdown.

  10. The closure of Portfolio: The "Gigli" of magazines was the most-hyped launch in recent publishing history. But Conde Nast's business magazine failed to bump Fortune, BusinessWeek /quotes/comstock/13*!mhp/quotes/nls/mhp (MHP 31.65, -0.08, -0.25%) and Forbes out of the picture and became a poster child of the media's bitter recession.

Gawker (#8) and Portfolio (#10) on the list? Why? I couldn't tell you a thing about either one of them.

Biggest omission in Friedman's list: Dan Rather, trying to influence the 2004 presidential election, claimed newly-discovered documents belonging to Lt. Col. Killian proved Bush got preferential treatment while in the Texas Air National Guard -- but the Killian documents were forged. Rather defended the veracity of the documents long after it was obvious they were fakes. He left CBS within months.

And I'd add this one -- How the media become an extension of the Democratic Party during the 2008 to ensure Barack Obama's election.
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25 comments:

Anonymous said...

///And I'd add this one -- How the media become an extension of the Democratic Party during the 2008 to ensure Barack Obama's election.///

Well, yes, that's the GOP's talking point. Of course, "the media" includes Faux News and the (almost entirely right-wing) talk radio blowhards.

Anonymous said...

Yes, remember how the media went after Obamababoon and not Palin and her children?!

Oh wait, that was in an alternate universe where liberals don't control 95% of the media.

Anonymous said...

Very nice thread and responses!!!

Anonymous said...

Pay no attention to what Jon Friedman writes. He knows less about the media than just about anyone extant. His only skill is name-dropping.

Walter Abbott

Anonymous said...

///Oh wait, that was in an alternate universe where liberals don't control 95% of the media.///


Huh? Limbaugh alone has 20 million listeners, and the other talk radio right wingers have millions more. The networks and newspapers don't come anywhere near those figures. "Liberal" control of the media is a GOP talking point that is nonsense for anyone who knows anything about ratings and circulation.

Anonymous said...

****The networks and newspapers don't come anywhere near those figures.****

You, like Fat Al Gore, use fuzzy math. The combined Left Wing networks and newspapers viewership and circulation reach hudnreds of millions.

As usual, you drink from the Obamababoon kool-Aid.

T. D. said...

What's with the "rise" of Katie Couric?

Didn't her newscast just receive the lowest ratings on record--or at last as far back as Nielson records go?

Truth Hurts said...

"Liberal control of the media is a GOP talking point that is nonsense for anyone who knows anything about ratings and circulation."

LOL You guys are funny.

To be fair...you can define the term "media" however you like...

But...the MAINSTREAM MEDIA...which refers specifically to Network News (ABC, NBC, CBS) and to major newspapers (NY Times, LA Times, Washington Post, etc) are indeed controlled by liberals, and always have been.

Although talk radio has now made its way into the mainstream (mainly because of Limbaugh), it is considered ALTERNATIVE media because it gained prominence as an alternative to the MSM (as did Fox News).

Pew Research Study
http://www.npr.org/templates/story/story.php?storyId=1919999

Anonymous said...

***Although talk radio has now made its way into the mainstream (mainly because of Limbaugh), it is considered ALTERNATIVE media because it gained prominence as an alternative to the MSM (as did Fox News).***

So what's the problem? You've got the sources you trust, and we've got sources we trust.

Anonymous said...

...The combined Left Wing networks and newspapers viewership and circulation reach hudnreds of millions...


Chosen freely by readers and viewers. The free market has spoken.

Truth Hurts said...

"So what's the problem?"

The only "problem" is the MSM's state of denial about it's liberal bias.

Unlike the cowardly MSM, Talk Radio does not dishonestly disguise itself as "news", Talk Radio is opinion-driven, and it is openly conservative (except for the few that are openly liberal).

Truth Hurts said...

"Chosen freely by readers and viewers."

LOL

Based on the PLUMMETING numbers of the MSM networks and newspapers, it seems that readers and viewers are choosing freely to seek out more reliable sources.

Anonymous said...

///The only "problem" is the MSM's state of denial about it's liberal bias.///
///Based on the PLUMMETING numbers of the MSM networks and newspapers, it seems that readers and viewers are choosing freely to seek out more reliable sources.///

Plummeting or not, they still attract the best "numbers," especially among people who actually want to hear and read varied viewpoints and solid reporting instead of only opinions and reporting that always makes them happy by supporting their existing views.
Talk radio and bloggers "reliable"? ROFL!

Truth Hurts said...

--Plummeting or not, they still attract the best "numbers"--

Well then, I guess they have nothing to worry about!

Don't you agree??

Anonymous said...

Concerned citizens certainly do, if talk radio and bloggers are the only source of reporting and a variety of viewpoints. Don't you agree?

Anonymous said...

****Plummeting or not, they still attract the best "numbers," especially among people who actually want to hear and read varied viewpoints and solid reporting instead of only opinions and reporting that always makes them happy by supporting their existing views.****

A variety of opinions = Mega Left, Hard Left or Crazy Left. They don't report the facts but rather a biased agenda.

No wonder McClatchy is on the verge of collapse.

Anonymous said...

9:41, do you ever think instead of just parroting far-right talking points?

Anonymous said...

****9:41, do you ever think instead of just parroting far-right talking points?****

Does the Obamababoon think instead of reading off his teleprompter?

Anonymous said...

Our resident racist has made his appearance. What a relief.

Anonymous said...

****Our resident racist has made his appearance. What a relief.****

Really? Has the Obamababoon finally emerged from the White House?

Time for David Letterman to call the Obama daughters GHETTO CRACK WHORES.

Anonymous said...

12:13, how lucky for you that you found a handy scapegoat (an entire race) as an excuse for your failures in life. You are a pathetic failure of a person.

Anonymous said...

****12:13, how lucky for you that you found a handy scapegoat (an entire race) as an excuse for your failures in life. You are a pathetic failure of a person.****

Sorry, I heard this from David Letterman after he joked about raping Sarah Palin's daughters.

Here's another joke I heard from Letterman the other night:

"Michelle Obamababoon is proof that there is somebody out there uglier than Patrick Ewing."

Anonymous said...

2:45, we've learned not to respond to him. He craves attention. Don't give him any.

Anonymous said...

2:45, we've learned not to respond to him. He craves attention. Don't give him any.
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Come on. You and 2:45 are the same Lefty trolls.

Anonymous said...

(2:45, we've learned not to respond to him. He craves attention. Don't give him any.)

Like a 3-year-old.