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The New New Journalism

Wednesday, February 10, 2010  |  posted by Hugh Hewitt

A couple of days ago I told you about iBusinessReporting, iBizReporting.com, where investigative journalism of corporate America had gone private and would be built on the profits of short selling publicly traded companies the reporters believed to have gone astray.

iBizReporting is led by my friend Bill Lobdell and his colleague, Barry Minkow –yes, that Barry Minkow. ZZZ Best Barry. (I will try and have Lobdell and Minkow on today’s show.)

02-10hhs-minkow-lobdell.mp3

Today Los Angeles Times’ media columnist James Rainey predictably wrings his hands. “Oh dear, oh dear, what will the people at the Poynter Institute say?” is the short version. The ghosts of journalism past are aghast at the idea of funding investigations through short selling.

You can read my interview with James Rainey here.

What matters of course is whether Lobdell and Minkow get their stories right and uncover investor fraud or corporate puffing. Their story and credibility depends on their performance.

The Times’ reaction, channeled through Rainey, is another death rattle from a print media that didn’t monitor its slide into hopeless bias and irrelevance as it threw away credibility by staffing newsrooms with 95% liberal-left activists and then wondering why no one cared what they thought. From environmental activists covering land development, to pro-choicers covering abortion controversies, and hard hard left ideologues covering politics, the Times represented the worst in media bias, and its shell-of-itself that staggers on through bankruptcy is proof not of new media’s ravages on the work product of the old, but of the arrogance of unchallenged elites unaware of the world around them.

Now if we can only find some new new journalists to cover presidential candidates so the next John Edwards doesn’t elude the MSM for a year. Oh, that’s right, we already have the National Enquirer, running circles around the and their east coast betters.

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Dear Anthem Blue Cross

Wednesday, February 10, 2010  |  posted by Hugh Hewitt

The Torquemada-in-his-own-mind, Henry Waxman, has summoned executives from Anthem Blue Cross (“ABC”) to explain themselves before his House committee.

Please, ABC execs, push back. Hard. Start by explaining how many people you employ and how many jobs are imperiled by the continued fecklessness of the hard left social engineers running D.C. these days.

Then talk about the bills you receive and have to pay, how many claims you promptly dispatch and how many more are paid after review.

Defend the industry that has helped build the greatest health care delivery system in the world.

Waxman et al have no idea of the seething contempt in which they are held beyond the Beltway. Their reputation is even lower than that of your industry. You have been their whipping boy for the past year, and your D.C. lobbyists have urged you to cooperate every step of the way towards oblivion.

Why not defend yourselves, and by doing so, our medical delivery system. Flawed as it might be and as screwed up as some in your industry are, there is no desire in the land to turn your job over to Henry Waxman and Nancy Pelosi.

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On LeBron

Wednesday, February 10, 2010  |  posted by Hugh Hewitt

America’s best sportswriter, Terry Pluto, assesses the appeal, or not, of the Big Apple to America’s best hoops player.

Another reason to stay in Cleveland –a writer/analyst like Pluto is rare. Enjoy his new book, written with another talented reporter Brian Windhorst, on James

Lebron James: The Making of an MVP

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