By Jeff Poor | November 4, 2009 | 4:10 AM EST

Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn't have much faith in the future of print media.

In an interview on CNBC's Nov. 3 "Squawk Box," following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in particular newspapers and business news by "Squawk Box" co-host Becky Quick. Buffett is optimistic on the future of business news.

"Our system has just gotten started," Buffett said. "I mean, we've had a couple of hundred years of progress, but we have not exhausted our potential in this country. America's about business and business in America, you know have gone to greatness hand and hand. So, you do not need to worry about CNBC 10 or 20 or 30 years from now. Business will always be important to the American public."

By P.J. Gladnick | October 24, 2009 | 5:16 PM EDT

"Jon Corzine is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."

Okay, Jonathan Tamari didn't use those exact words when he wrote an incredibly fawning Philadelphia Inquirer article about Governor Jon Corzine of New Jersey who is running for re-election but the words he did use sure come close to that sentiment. See, Corzine's problems weren't really because he presided over a massive budget deficit.The real problem was his difficulty in proper communication...at least according to Tamari:

In his formal introduction to Trenton, his inaugural speech, Corzine read from notes, barely looking up, absorbed in his own message. Problems with communicating would come to plague his term in office.

By Tom Blumer | October 22, 2009 | 1:56 PM EDT
ACORNfibulousFour1009

As noted early this morning, BigGovernment.com posted James O'Keefe's and Hannah Giles's latest video yesterday.

That video totally nuked claims by ACORN National and ACORN Philly that O'Keefe and Giles had been "shown the door" and "kicked out" after a "few minutes" in their Philly Office visit -- claims that establishment media outlets continued to repeat even, as shown in the excerpt that follows, after ACORN was proven to have lied about what happened in New York City and San Diego.

Billy Hallowell at BigGovernment.com has a great recap of the not well-known ACORN and media goofs that have occurred since James O'Keefe and Hannah Giles released their first two sting videos (links are in original):

The mainstream media were complicit in their coverage of the ACORN scandal. Their behavior was and continues to be an insult to democracy and journalistic responsibility as the Fourth Estate has ignored facts, engaged in one-sided sourcing, and avoided basic and inherently important journalistic questioning.
By Mike Bates | May 3, 2009 | 11:45 AM EDT
Melissa Harris Lacewell penned "Why blacks are more optimistic about race" for Friday's Philadelphia Inquirer.  As might be expected, the associate professor of politics and African American studies at Princeton University and author of the breathlessly anticipated "Sister Citizen: A Text for Colored Girls Who've Considered Politics When Being Strong Isn't Enough," is very, very happy with Barack Obama.  But readers may be at least mildly surprised at what she considers the highlight of his inauguration:
But the best part of Jan. 20 was that Barack and Michelle got out of the bulletproof black Cadillac and walked the streets -- and no one shot at them. I know we are not allowed to say it, but one reason black people believe race relations have improved in America is because Obama lived through the primaries, the election, the inauguration, and now through 100 days.

She claims "we are not allowed to say it," yet then does exactly that.  She goes on to cite various Obama acts that she deems accomplishments.  Closing Guantanamo, signing the Lilly Ledbetter Fair Pay Act, capping executive pay, and performing a "deft move of racial defiance by proxy" through attorney general Eric Holder's terming the U.S. a nation of cowards are some of the highlights.  Others came when he "dapped up" Hugo Chavez, "hung out" in Canada, "fired the head of General Motors, something most people didn't even know an American president could do," and "established serious street cred."  

By Jeff Poor | April 27, 2009 | 7:11 PM EDT

Remember the outrage over the compensation paid out to AIG executives earlier this year, after the federal government had to extend a lifeline to troubled insurance provider? Will the executives of a media company receive the same treatment - should they get their wish and receive help from the government for their company?

There's a little-publicized story that the parent company of The Philadelphia Inquirer and Philadelphia Daily News, Philadelphia Newspapers LLC allegedly sought a $10-million bailout from the state of Pennsylvania according to lawsuit filed by a Chester County, Pa. charter school. However, the Associated Press reported on April 24 that the company's chief, Brian Tierney - received $1.175 million in salary and bonus compensation in 2008, despite being forced into bankruptcy protection in February for $395 million in debt.

"Recent court filings also show that Tierney collected $1.175 million in salary and bonuses last year, somewhat higher than previously disclosed," Maryclaire Dale wrote for the AP. "Tierney's compensation included $650,000 in salary, a $350,000 bonus for 2008, a $175,000 bonus for 2007 and $81,000 in transportation costs."

By Tom Blumer | March 17, 2009 | 7:01 AM EDT

VincentFumoPhillyPol0309Vincent Fumo's chronicle of corruption is extraordinary, even by the "standards" of Philadelphia, PA.

Thus, it's a journalistic fail that in a story about the convictions of former 30-year state senator Fumo and longtime associate Ruth Arnao, NBC Philadephia (HT Michelle Malkin) did not identify his or her Democratic Party party affiliation.

Here is a portion of NBC Philly's early-morning story:

Fumo Guilty on All Counts

Guilty is the verdict on all 137 counts for Vince Fumo in his federal corruption trail. His co-defendant Ruth Arnao is also guilty on all counts against her.

By Tom Blumer | December 22, 2008 | 5:47 PM EST

DemOrGOPgraphic0708.jpgTwo situations over the weekend illustrate that the Associated Press's habitual failure to identify the political party of Democrats in trouble is more than likely a conscious decision. This is despite the AP Stylebook's guidance (as of 2000, the latest free edition I can find; a PDF is here) that a reporter should "include party affiliation if readers need it for understanding or are likely to be curious about what it is."

In both of the instances I will cite, local papers decided that party affiliation was important enough to include. But AP reporters decided that they weren't, even though out-of-state readers are less likely to know the party affiliation of the politician(s) involved.

The situations involve ousted and disgraced former Attorney General Marc Dann in Ohio, and Chaka Fattah, a Philadelphia congressman. Both men are Democrats.

By Matthew Balan | November 20, 2008 | 2:21 PM EST

clip artFormer Philadelphia Inquirer editorial page editor Chris Satullo, who in a July 1, 2008 editorial suggested that “America doesn't deserve to celebrate its birthday” on Independence Day due to the “waterboarding, the snarling dogs, the theft of sleep” used on some enemy combatants since 9/11, has been hired to become the director of news operations for WHYY, the PBS affiliate in the Philadelphia area.

Inquirer television critic Jonathan Storm, who wrote about Satullo’s hiring on Thursday, mentioned how William J. Marrazzo, WHYY’s president and CEO, complimented the liberal columnist as an “an outstanding journalist with a track record in civic engagement who understands this community like the back of his hand.”

This same “outstanding journalist,” in his November 9, 2008 column in the Inquirer, referred to the ideology of Sarah Palin supporters as “a rump conservatism that is small-town, resentful, anti-intellectual, and lily white” and praised “smarter analysts” such as David Frum, Kathleen Parker, Christopher Buckley and David Brooks, all of whom criticized the Alaska governor and/or supported Obama.

By P.J. Gladnick | September 16, 2008 | 9:59 AM EDT

The chair of the Connecticut College history department, Catherine McNicol Stock,  has suggested that Sarah Palin is somehow associated with Pacific Northwest hate groups such as Posse Comitatus and the Aryan Nations. Her proof? Well, because Palin lived in areas with low "diversity." I kid you not.

By Warner Todd Huston | September 10, 2008 | 5:31 AM EDT

Mario Cattabiani of the Philadelphia Inquirer wants you to know that Governor Sarah Palin's selling of her state's plane is no big deal. Why? Well, because Democrat Governor Ed "Fast Eddie" Rendell sold his state's plane, too, and he got a better deal. So, Palin's plane purveying pales next to Rendell's according to Cattabiani. Only, there are quite a few facts that Cattabiani seems to have skipped in his story. So, apparently, the only way for the Philly Inquirer to pooh pooh Palin's efforts is to mislead us about Rendell's. Unfortunately for Cattabiani, his piece ends up being just another way to lie about Palin's record.

Starting out suitably flippant, Cattabiani takes a sarcastic jab at Palin telling her that she should "take a lesson from the Rendell administration on how to sell a state airplane," and then goes on to relate how Rendell sold his state plane at a profit. And Cattabiani then quotes a Rendell crony to the effect that Palin is "inexperienced" because of it all. Naturally, there is no investigation into what sorts of planes the two Governors sold, nor what they were worth because it turns out the Pennsylvanian plane was worth more than the Alaskan plane in the first place -- nor does Cattabiani give the Palin camp any space to reply to the political jab.

By Warner Todd Huston | July 1, 2008 | 7:41 PM EDT

You know, I was wondering when this was going to happen, when someone in the MSM would say Bush has ruined July Fourth? The Philadelphia Inquirer didn't disappoint by wallowing in the worst example of blame-America-above-all as well as the most extreme case of BDS that I've seen outside the kind of nutroot sites like Daily Kos and the Democratic Underground. A mainstream paper has now gone that extra mile to let us all know that America does not deserve a July Fourth celebration this year because of Abu Ghraib, Guantanamo, CIA secret prisons, and, lest you imagine otherwise, the fact that we have made George W. Bush our president. "Cancel the parade" because America is evil. It's all there in all it's anti-American splendor in A not-so-glorious Fourth, U.S. atrocities are unworthy of our heritage.

Inquirer columnist Chris Satullo thinks that America is fraught with sin and that we don't deserve a Fourth celebration. "This year, America doesn't deserve to celebrate its birthday," he whines. "This Fourth of July should be a day of quiet and atonement."

By Tom Blumer | May 1, 2008 | 10:27 AM EDT

Old Media business reporters have a definitionally-incorrect habit of labeling single industries or economic sectors as being "in recession," when the term, as defined here, can only describe national economies or the world economy. Two examples of this are New York Times reporter David Leonhardt's description of manufacturing as being in recession in February 2007 (laughably incorrect, in any event), and the Times's employment of the term "housing recession" 25 times since October 2006, as seen in this Times search (with the phrase in quotes).

But if I wanted to be consistent with this routine form of journalistic malpractice, I would characterize the newspaper business -- at least in terms of the top 25 in the industry's food chain -- not as being in recession, but instead as going through a deep, dark, painful, protracted depression.