How Bad TV News Let the Financial Collapse Happen

In a TV news show, commercials are supposed to be"research" to back it up. Viewers WANT flash and
shown in between news segments.trash, he insists. Journalism is boring! No one watches
Of, if only that were so!PBS, don't kid yourself.
What many viewers do not realize is that the "newsHe was quite confident in his position. There was no
segments" are often just as commercial as theway WSMV was going to do real journalism anymore.
commercials.Doing journalism was for fools.
TV News has been so polluted by corporateWe as employees did not have a choice. If we
commercialism that it is worse than worthless. I saywanted to keep our jobs, we had to do as our
worse than worthless because many people still turnsupreme commander insisted.
to TV news as a source of quality information andOne subject I had liked covering was predatory lending.
that is not what they are getting. So they remainPredatory lending was fairly new and it APPALLED
grossly uninformed but are under the impression theyme. (This was early 2000) Banking laws were taken
are informed. That's a dangerous combo.from Fast Buck Freddy's playbook. Banks and lending
I am here to tell you that the current financial collapseinstitutions were able to get away with pure theft.
has EVERYTHING to do with the fact that TV NewsLoan contracts, written by high priced lawyers, were
has been overtaken by public relations lies.designed to rip unsuspecting customers off.
Public relations copy is often the basis for what youThis was LEGAL? I could not believe it. I met
hear on the TV news. It may get re-written a little bit,customers who had been paying their mortgages
but it is still biased toward the company it was originallyfaithfully, on-time for years yet they owed more than
written for. THAT IS WHAT YOU CALL ANtheir original principal balance!
ADVERTISEMENT, NOT NEWS. Press releases floodCustomers were being charged up to 400% APR.
newsrooms across America everyday. PressWhat? How is this legal? Well, come to find out that
releases are NOT a source of quality unbiasedlawmakers all over the country, local, state and federal,
information, but they are treated as such.democrat and republican, were allowing it to happen.
No one likes a Tattle TaleCustomer protection laws were thrown out the
The TV station owners do not want real news. Realwindow. New laws were written that allowed banks to
news is usually an unpleasant truth. Someone is rippingbecome nothing more than loan sharks.
someone off or breaking the law in some way. FewPredatory lending stories were stopped by the new
people want such unpleasant truths exposed. Certainly"No Journalism" rule. Banks and Predatory Lending
not the lawbreaker. If the lawbreaker happens to beinstitutions were paying customers after all! We can't
an advertiser at the TV station, you can bet that theembarrass advertisers by calling them crooks!
sales department does not want the newsToday's financial collapse is one result of this
department blabbing on the air that their customer is amoratorium on predatory lending stories. Predatory
crook.lending became so common, but you never heard
News flash! Your friendly local car dealer is sellingabout it on the news! If you did hear about it, you got
wrecked cars duct taped together, but we can't tellthe bank's PR version of the story. Customers are
you that because they'll cancel their huge advertisingwanting bad loans! Customers are MAKING us do this!
contract.We're the good guys!
Back when I worked in TV news, it became commonBullshit.
for the general manager to walk up to a reporter andIf TV news did a good job, this financial collapse and all
say, "My client called me and said you were snoopingthe shenanigans surrounding it never could have
around. I don't think you need to be doing that."happened. I do not believe for one minute that financial
End of that crook story.networks truly did not know what was going on. They
Or, the sales department would want the newsdid. They just didn't report on it. They took the
department to do a nice puff piece on the client andcorporations side and only presented the glossed over
what a wonderful service they offered. It became"truth."
common practice for the sales department to includeI finally left TV news because I would rather shovel
a puff news piece in with their package ofpoo at the zoo than shovel PR poo on TV.
commercials!My only recourse was to do a You Tube video
When I first got into TV news in the early 80's, Iparody on predatory lending. It is a take-off on a
worked for WSMV-TV in Nashville, TN and they werecommercial that was run constantly on the station
a bastion of real journalism. They company thatwhere I used to work.
owned the station encouraged journalism. They hiredSo instead of being warned by journalists, people are
managers who were fearless, dedicated journalists.manipulated by corporate PR. And we all know the
The station's award winning investigative reportingresult. Economic collapse and TV "experts" like Jim
went so far as to bring down a governor, Ray Blanton,Cramer telling Jon Stewart that "Nobody could have
who ended up in the federal pen for illegally sellingseen this coming!"
prison pardons. Doing that not only took reporting skills,Bull. I saw it coming for years. Everybody else would
it also took courage to stand up to power. It tookhave seen it too if I had been allowed to do my job as
money and patience to discover the truth and triplea TV JOURNALIST. Instead, all you get is my You
check it. No reporter can do this sort of thing unlessTube parody! Sorry. I really am. But I did the best I
they have owners and managers who back them upcould. I stood up to the bozo boss at the meeting and
and are willing to take the heat.all the employees applauded. It didn't make any
No one likes a tattle tale.difference. I just got labeled a know-it-all nerd who
Flash forward 20 years and the same station isdidn't know how to be a team player!
owned by out-of-town corporate owners. We'reThanks for reading Video Production Tips
having a big station-wide meeting. The corporate newsPlease do yourself a favor and stop believing that TV
director is laughing at the station's journalistic heritage.news has any real information for you.
"Journalism does not work!" he proclaims. He has