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The Nature and Nurture of EBF Journalism

Audiences, History, Production, Sources, Political Economy and Content
  • Gary James MerrillEmail author
Chapter

Abstract

Although research in economic, business and financial (EBF) journalism has boomed over the last decade, much activity has centred on the 2008 Financial Crisis. While this sub-corpus is undoubtedly useful, studies typically view the episode in isolation. A more satisfying approach is to consider EBF journalism’s performance in the prelude to the Crisis as one of a succession of apparent ‘failures’ to provide the appropriate news for a range of stakeholders. Previous works have shown how journalism played a central role in financial crises of the past, including the rise and fall of Enron; the dot-com bust of 2000; the Wall Street Crash of 1929; and the bursting of the South Sea Bubble in 1720. Research demonstrates that EBF news tends to concentrate on the requirements of investors, and often neglects the needs of other, non-specialist, stakeholder audiences that include consumers, employees and citizens. This is inevitable given a news production process in which journalists gravitate to elite sources and work in political-economic environments that are supportive of neoliberalism.

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Authors and Affiliations

  1. 1.University of RoehamptonLondonUK

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