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March 2, 2007
Times, News still ignore the AY financials
Atlantic Yards Report
Norman Oder points out that Wednesday's release of insufficient financial info and the lack of media coverage has implications that reach beyond Atlantic Yards:
Journalistic neglect of the Empire State Development Corporation's (ESDC) sketchy release of Atlantic Yards financials matters, and here's why: the ESDC needs reform.
Here's Oder's take on the media coverage from the past two days:
That would seem to be news, at least as important as, say, developer Bruce Ratner's pronouncements of affection for Nets stars Jason Kidd and Vince Carter. (Yeah, I know, the Sports desk isn't the Metro desk.)
Indeed, yesterday, the New York Sun covered the bases on the ESDC's release of Forest City's cash flow projections. The New York Post covered it irresponsibly, failing to get a comment from any outside analyst or advocate, much less Brennan, and misleadingly proclaiming an "exclusive." The New York Times and the New York Daily News passed on the story, and do so again today.
Journalists like to be first. Sometimes they think that, if another news outlet already has the story, they're embarrassing themselves by reporting it late. And in the well-linked information universe in which reporters are immersed, it may seem like this topic has gone through much discussion.
However, the public consumes information differently. Many people only read the Times, or the Daily News. So if the story doesn't appear, it doesn't exist.
Posted by lumi at March 2, 2007 11:25 AM