Posted on 12/02/2017 1:40:44 PM PST by Kaslin
Yesterday, Guy updated his story to reflect ABC's costly mistake reported by Brian Ross. Ross falsely reported that "candidate" Donald Trump instructed Gen. Michael Flynn to contact the Russians. In reality, it was "president-elect" Donald Trump. That is a huge difference. Guy summed up the basic problems such false reporting creates below:
"With faith in the press in crisis, these bad errors don't help close the credibility gap, particularly among people who already believe the media is out to get Trump. It took ABC far too long to fix this mistake, especially since other news organizations were reporting accurately on this timeframe issue (again, see below). And blaming it on one source misspeaking suggests that they didn't have a corroborating second source -- a journalistic best practice -- who could have cleared up the mistake before it was put on-air and online."
ABC waited nearly 7 hours before correcting the mistake. Now, we know just how much of an impact this fake news had on the economy.
ABC News falsely reporting key facts in today's news on #Flynn led to billions of dollars lost in financial markets. pic.twitter.com/z8tLtMIWq9— Ryan Saavedra ???? (@RealSaavedra) December 2, 2017
ABC's eagerness to be the first to report on a news story led to their error. The desire to be one step ahead of the game sacrificed careful attention to detail. The media, especially a platform as large as ABC, has an immense responsibility to the nation. When that responsibility is neglected for the sake of ratings, bad things occur. Yesterday, we saw the financial market tank by nearly 400 points because of this media malpractice.
It is no surprise then that numerous people are not satisfied with ABC's measly apology.
.@ABC “news” owes it viewers an apology. Calling false reporting a “clarification” is a cop out and just another reason for the decline in trust of the media— Sean Spicer (@seanspicer) December 2, 2017
Blunders like this are why so few trust media and it is wrong to describe as merely a clarification-it is a correction to a sloppy reported story that conveyed a sinister narrative https://t.co/5cHVbBvLIn— Greta Van Susteren (@greta) December 2, 2017
To the network's credit, numerous people at CNN resigned after their news team ran a false report linking former White House communications director Anthony Scaramucci with Russian operatives. It will be interesting to see what steps ABC makes to repair their relationship with the public, and for that matter with the truth.
But as Alana Mastrangelo notes, many of the general public may not even be aware of the false reporting.
The thing is, many ppl don't live & breathe politics. Many ppl get their info from big headlines, & they move on.
So when ABC puts out #FakeNews & "corrects" it later, ppl aren't paying attention. The fake story was enticing; the real story is not.— Alana Mastrangelo (@ARmastrangelo) December 2, 2017
ABC must can Bob Ross for this.
Ross is a lying scumbag. As we all know, he’s done this before.
Is it likely they will be sued by some traders or institutions that bought right before the drop? That would sure p!ss me off - it recovered but not completely.
Even Brian Stelter called him out for it on twitter.
ABC, and the media in general, have been responsible for false reporting for years! It's only gotten worse in the last nine and a half years!
God, I loath that woman.
The market knows the future of the U.S. economy depends upon the freedom and good management of Donald J. Trump.
They should also know that ABC, NBC, MSNBC, and CNN are far left wing propaganda not news networks.
Agree. $#itcan Brian Ross.
#FakeJoy BeHar
I suppose this little episode proves one thing... there still are some people that listen to what the LSM says and to some extent, I guess they believe it. I didn’t think that there was a single person anywhere who put any stock in what they say at all... I guess I have to admit to living in my own bubble and echo chamber (as the LSM idiots on CNN are apparently fond of saying).
Call this one the Ross Put.
SEC needs to sue to get every dollar back.
fake news calling out fake news
ABC/NBC has too many ‘insiders’ in Washington as they are the ‘Demorats’ base media megaphone..... Loved and adores the Clinton/Obama machinery and part of it. So their antics aren’t going to stop any time soon.
ABC and CNN have caused such harm to this nation the true cost is incalculable.
Trump should declare both terrorist organisations and shut down both. Their leaders must then be tried for treason .
Holding the reporter named on the byline to be the only oversight is a serious mistake. It is the editor-in-chief and his minions that hold the blue pencil whose job it is to correct and shape the copy submitted. They are the truth brigade that needs to be chastened when an error of this magnitude is allowed to leak through. They hold the reputation of the publisher in their hands.
IMHO.
Call this one the Ross Put.
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It would be interesting as to what ABC mgt. and Ross” position in the stock market was at the time of his report.
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