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Myth-making on the business pages: local press and glocal crisis

Lookup NU author(s): Dr David Baines

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Abstract

The role news media played in the global financial crisis has been widely examined. However, there has been little investigation into ways in which the corporate structure of the news media may have influenced the tone and framing of coverage. This paper interrogates the reporting by a local newspaper, the Journal, owned by one of Britain’s largest newspaper companies, of the collapse of local bank Northern Rock which precipitated the UK’s banking crisis; the misconduct of senior executives, and their punishment by industry regulator the Financial Services Authority. We show the Journal framed the bank predominantly as a victim of circumstance and the executives’ actions as lapses, rather than calculated deceptions

Publication metadata

Author(s): Stein J, Baines D

Publication type: Article

Publication status: Published

Journal: Ethical Space

Year: 2012

Volume: 9

Issue: 1

Pages: 52-60

Print publication date: 01/02/2012

ISSN (print): 1742-0105

Publisher: Abramis Academic

URL: http://www.communicationethics.net/journal/v9n1/v9n1.pdf

Notes: ISBN 9781845495367

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