Media Unspun
What the Press is Reporting and Why (www.mediaunspun.com)

Tuesday, October 22, 2002

Top Spins...
Murder in the Media Age
Has the Next Eliot Spitzer Stood Up?
Other Stories

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Murder in the Media Age

Media responsibility and self-censorship, topics that usually only concern wonks like us at Unspun, have hit the mainstream in a big way since someone in the D.C. area started shooting earlier this month. It's one of those occasions where the media get to report on themselves, and we get to report on the reporting. Is it us, or is the room spinning?

The main argument for discretion is that the shooter seems to choose his targets based on what he's not not expected to do. One example of several: When cops told TV audiences that schools were safe, the sniper promptly shot a 13-year-old outside his school. Boston Globe columnist Eileen McNamara pointed a finger at the Globe's corporate cousin, the New York Times, which published information about traffic surveillance cameras near the shootings. McNamara asked, "That information assists who, exactly, besides the shooter?" In commentary for the Christian Science Monitor, NPR analyst Daniel Schorr said, "I didn't always believe a journalist should ever withhold news. But the violent times we live in make me hesitate about absolutes."

Media-on-the-media outlet Editor & Publisher, not surprisingly, published one of the few columns to take the side of full disclosure. When the killer left a tarot card at the scene of one shooting, the police came down hard on the Washington Post and a CBS TV affiliate for reporting it. But such information "might trigger Aunt Helen's memory about her neighbor Billy Bob, who was a sharpshooter in the military, boasts about being smarter than authority figures, has tarot cards, and, by the way, has hardly been seen in the last two weeks," wrote E&P columnist Alicia Mundy. As for the argument that media attention encourages the killer, "Do you seriously think anyone here wants to read about state budgets with this killer on the loose?" asked the Washington-based Mundy. No, but even national sources are letting the sniper edge out Iraq and the economy, said the San Francisco Chronicle's Joan Ryan.

Especially in the last few days, the print media have had an even bigger than usual ax to grind with cable news. "Speculation. Conjecture. Guesswork," complained Newsday's Noel Holston. "This is what happens when news networks have 15 minutes of new news and 24 hours to fill." Denver Post TV critic Joanne Ostrow said this story lacks dramatic visuals, so "the news channels have resorted to piling on the experts." The Boston Globe's Suzanne Ryan added, "While this pundit marathon has been great for ratings, many critics ask whether the relentless speculation is helping or hurting the police investigation." The Globe article, ironically, quoted pundits of its own.

Montgomery County Police Department Chief Charles Moose has become the perhaps-unwilling star of the media circus, and he appears to hate journalists. Yet, he needs them. On Sunday, Moose faced the TV cameras and said, "We do want to talk to you ...Call us at the number you provided. Thank you." No one knows what that means, but he asked TV news to broadcast the message as often as possible. Monday, after police received a mysterious but apparently important phone call that didn't come through clearly enough, Moose publicly appealed for that person to call back.

So call the media a necessary evil. And, as the Post's Ostrow pointed out, "a convenient scapegoat when everyone is feeling vulnerable." It's also, occasionally, a responsible citizen. E&P reported that the Fredericksburg, Va., paper the Free Lance-Star didn't interview a local woman shot on Oct. 4, because she asked the media to leave her alone. "Every news organization in the world has called me to try to get her phone number," said a Free Lance-Star reporter, who won't give it out. There's a journalist even Chief Moose could love. - Jen Muehlbauer

Silence Isn't Golden (Editor & Publisher)
http://tinyurl.com/24li

In the Crosshairs of Cable News (Newsday)
http://tinyurl.com/24lj

Visuals Lacking In Sniper Case (Denver Post)
http://tinyurl.com/24ll

Sniper Coverage: Is It Too Much? (Boston Globe)
http://tinyurl.com/24lk

Media Feeding The Fear (San Francisco Chronicle)
http://tinyurl.com/24lm

Free Press And Copycat Killers
http://www.csmonitor.com/2002/1011/p11s02-cods.html

Hunt for a Killer Creates a New Kind of Reality TV
http://nytimes.com/2002/10/21/national/21MEDI.html

Police Chief Dealing With Nonsense From Media (Baltimore Sun)
http://tinyurl.com/24ln

Media Circus Opens In D.C. (Boston Globe)
http://tinyurl.com/24lo

Local Papers Join In Sniper Hunt (Editor & Publisher)
http://tinyurl.com/24lp

The World Talks About America's "Sniper Culture" (Free Lance-Star)
http://tinyurl.com/24lq


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Has the Next Eliot Spitzer Stood Up?

No, he's not the attorney general, but Massachusetts Secretary of State Bill Galvin bore a dead-on resemblance to New York's top lawman yesterday as he grabbed the klieg lights to castigate Wall Street research and announce a lawsuit. Media outlets wrote that Spitzer himself had asked Galvin to not break from the task force of state and federal regulators investigating the Street's fraudulent ways. But the muckraking-crusader shtick has worked so stupendously well for Spitzer, did the A.G. think he could keep other politicos from copping the same stance?

Carefully positioned in front of a U.S. flag, Galvin announced a civil complaint against Credit Suisse First Boston for using glowing stock recommendations as a carrot for new investment-banking business. Galvin wants CSFB to pay Massachusetts a $2 million fine. If Galvin's grandstanding swipes a page from Spitzer's style book, CSFB's defense echoes Merrill Lynch's earlier this year when Spitzer extracted a $100 million payment from the firm. (Regulators seem to like that round figure as fiscal punishment: The Boston Herald quoted no-name sources saying that the task force is pursuing a $100 million settlement against CSFB. $2 million would be the Massachusetts share.) Both firms claim that their nasty emails that seal the case against them, at least publicly, were taken out of context. Merrill thought context somehow explained Henry Blodget's famed "piece of crap" missive. Interestingly, CSFB says context similarly explains its use of the very same phrase. According to the Wall Street Journal, Galvin's press conference featured an email from a CSFB analyst complaining that pressure from the firm's investment bankers forced him to "put his reputation on the line to sell this 'piece of crap.'"

Massachusetts is the first task-force member to file its own action, but the Financial Times reports that Utah says it may do the same, despite any global remedies secured by the task force. The Wall Street Journal and New York Times reported that Spitzer telephoned Galvin on Friday hoping to convince him not to go public with his CSFB allegations. The Washington Post, however, said officials in Spitzer's office privately praised Galvin's effort, while SEC folks were less enthusiastic.

But only the Times raised the parallels of Galvin, in the midst of a re-election run, and Spitzer using the Wall Street scandal to further their careers. Then again, among Gotham media, Spitzer has long been painted as ambitious for bigger things. The double-play coverage in this week's New York Observer and New York magazine are just the most recent examples. Spitzer "wants to be governor, for sure," City Councilor Eric Gioia told the Observer. "Any governor of New York is automatically on the short list for president." Say thank you to Wall Street, Eliot. - Deborah Asbrand

State Sues Credit Suisse (Boston Globe)
http://tinyurl.com/24t9

State Says CSFB Defrauded: Investment Banker Disputes Charges
http://www.businesstoday.com/business/business/csfb10222002.htm

Mass. Sues CSFB Over Bad Advice
http://www.nypost.com/business/60188.htm

Massachusetts Moves Ahead With Charges Against CSFB
http://online.wsj.com/article/0,,SB1035234620291364631.djm,00.html
(Paid subscription required.)

First Boston Faces Another Fraud Charge From a State
http://www.nytimes.com/2002/10/22/business/22WALL.html

US State Accuses CSFB of Fraudulent Research (Financial Times)
http://tinyurl.com/24t7

Utah to Pursue Goldman Despite 'Global' Deal (Financial Times)
http://tinyurl.com/24t8

CSFB E-Mails Link IPO Shares, Banking Business
http://www.washingtonpost.com/wp-dyn/articles/A61822-2002Oct21.html

El-iot! Can Spitzer Go to 1600?
http://www.observer.com/pages/frontpage5.asp


Other Stories

SEC Officials To Recommend Fraud Charges Against Stewart (Wall Street Journal)
http://www.msnbc.com/news/824036.asp

Judge: Disabilities Act Doesn't cover Web
http://news.com.com/2100-1023-962761.html

Budget Rules Are Still 'Stupid', Prodi Says
http://news.bbc.co.uk/2/hi/business/2345653.stm

Dilbert's A Weasel And So Are You
http://www.salon.com/tech/feature/2002/10/21/dilbert/

Small Internet Services Survive Amid Giants
http://www.bayarea.com/mld/mercurynews/4332734.htm

EchoStar, Hughes Revise Merger Plan
http://www.latimes.com/business/la-fi-echo22oct22,0,133233.story


Staff
Written by Deborah Asbrand (dasbrand@world.std.com), Keith Dawson (dawson@world.std.com), Jen Muehlbauer (jen@englishmajor.com), and Lori Patel (loripatel@hotmail.com).

Copyedited by Jim Duffy (jimduffy86@yahoo.com).

Advertising: Erik Vanderkolk (erikvanderkolk@yahoo.com).

Editor and publisher: Jimmy Guterman (guterman@vineyard.com).

Media Unspun is produced by The Vineyard Group Inc.
Copyright 2002 Media Unspun, Inc., and The Vineyard Group, Inc.
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