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Media Watch: Why We Need Shoe-Leather Local Reporters

Buckle up for a lecture about the civic virtues of old-fashioned journalism. This is a business story for the media industry. Its also a concern of the first order for society at large. We are losing a vital resource as local reporters fade from the scene.

In the midst of a technological revolution and an industrywide depression, traditional media companies are slashing costs by letting go experienced journaliststhose who cover city hall, read the fine print on municipal bond deals, and know which county judges control the courthouse. Serendipitous recent outings on very different fronts have reminded me what were sacrificing as we allow experienced local journalists to slouch toward extinction.

Dispatched by my bosses at Bloomberg Businessweek to come up with online and magazine pieces on the scary chemical spill in West Virginia that cut off water to 300,000 people, I did my thing, both short and snappy and in greater depth. Fine.

At the local level, though, a guy named Ken Ward Jr. and his intrepid colleagues at the Charleston Gazette were slugging it out from the moment neighbors of the tank farm smelled a licorice-like odor, signaling that coal-processing chemicals were escaping into the Elk River. Long after my return to New York, the Gazette gang is still holding corporate, regulatory, and political officials in West Virginia accountable for this egregious example of what happens when a hands-off governing ideology encourages negligent commerce. Twentysomething bloggers wearing baseball caps backward dont have the information sources of a single Ken Ward. National media company employees (like me) cant get to the scene on Day One or stay there on Day 31 to play the vital role of watchdog.

Yesterday, Ward reported that in the process of cleaning up the chemical spill, a hazmat crew mistakenly hit an underground pipe, causing yet more of the same compound to escape. Oy gevalt! Go get em, Ken.

The stalwart Chilton family continues to own and run the Gazette, as they have for generations. The paper coexists and collaborates with the Charleston Daily Mail, which is owned by the Media News chain. Based in Denver, Media News is not known for providing expansive resources to its reportorial ranks. The uneasy corporate alliance that provides West Virginia with its news is subject to the same economic pressuresadvertisers fleeing to the Internet, readers fleeing to Facebookas all other traditional media companies. The only way to have Ken Ward & Co. ready to go when crisis hits is to offer them financial and social incentiveswhat we used to naively refer to as a careerthat influence them to choose the news biz as their livelihood. How much longer will the Chiltons and Media News do that?

Over in Chapel Hill, N.C., Ive been reporting on the doings of NCAA Inc., the multibillion-dollar business that is college sports. The Tar Heels of the University of North Carolina at Chapel Hilla basketball powerhouse hosted, in the peculiar American fashion, by a first-rate educational institutionare having a rough season on the court, in the classroom, and especially in the chancellors office. A dismaying academic-fraud scandal related to the drive to keep athletes eligible has revealed deep-seated corruption on a bucolic and revered campus. Again, Ive tried to explain why all this matters and add a few facts to the debate. The yeomans work, though, has been done by Dan Kane, a local investigative reporter with the News & Observerin Raleigh. Without Kanes doggedness, UNC probably would have succeeded in obfuscating a situation that demandedand still demandsmuch more attention.

Sadly, Dan Kane is exactly the kind of experienced reporter whom companies like the struggling McClatchy chain, owner of the N&O, as well as the Charlotte (N.C.) Observer, are easing toward the exit. But without ornery, persistent on-the-ground guys like Dan, an institution like UNCa pillar of the North Carolina power elitesimply would face no skeptical scrutiny.

So theres the lecture. Discount it because Ive spent my whole career taking notes and typing fast. Maybe discount it further because I dont have a solution for the economic crisis facing traditional media. And lets acknowledge that old-fashioned newspapers and magazines were (and are) as flawed as any other organization run by human beings. They make mistakes; they fail to innovate. But before we usher all the ink-stained wretches toward jobs in public relations or (inadequately financed) retirement, we better realize what were losing.

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Media Watch: Why We Need Shoe-Leather Local Reporters

Report: Liberty, Discovery in Talks for Formula 1 Stake

Liberty Media (LMCA) and Discovery Communications (DISCA) are in talks to acquire a minority stake in global racing circuit Formula One, according to a New York Post report on Monday.

Media mogul John Malone is working to make a deal happen through Liberty Media and Liberty Global (LBTYA), hoping to buy as much as 49% of Formula One from private equity firm CVC Capital.

The report said talks between Liberty, Discovery and CVC Capital are in an early stage and could still fall apart.

A Discovery spokesperson declined to comment. Representatives of Liberty Media and CVC didnt respond to inquiries from FOX Business.

A Formula One deal would put Malones cable entities in a position to better control rights fees for sports content. Liberty Media owns U.K. cable giant Virgin Media and holds a 27% stake in Charter Communications (CHTR), which is in a fight to buy larger rival Time Warner Cable (TWC).

Liberty Media is also the owner of Major League Baseballs Atlanta Braves and controls 29% of the voting power in Discovery.

Meanwhile, Discovery recently agreed to up its stake in international sports network Eurosport to 51% from 20%. Chief executive David Zaslav indicated that Discovery would look to bolster Eurosport with more rights to programming.

Formula One Group, which operates 19 races around the world each year, generates annual revenue of more than $1.5 billion. The Monte Carlo Grand Prix in France is said to be worth $7 billion to $8 billion alone, the Post reported.

Longtime Formula One chief executive Bernie Ecclestone, 83, resigned from the board last month. He is facing bribery charges in Germany.

Shares of Liberty Media fell 2% to $129.02 in recent trading. Discovery was down 1.6% at $78.50.

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Report: Liberty, Discovery in Talks for Formula 1 Stake

Election coverage shows growth of new Afghan media

In this Monday, Feb. 3, 2014 photo, Tolo TV staffers talk during a meeting at their office in Kabul, Afghanistan. The proliferation of Afghan media in the past 12 years is one of the most visible bright spots of the fraught project to foster a stable democracy. (AP Photo/Massoud Hossaini)

KABUL, Afghanistan (AP) In a crowded room overlooking a gleaming television studio, Tolo TV's election team is strategizing for Afghanistan's presidential debate when the room suddenly goes dark. The staff doesn't miss a beat.

The 13 men and three women just keep on talking about soundboards, cameras and the taking of questions via Twitter until the station's generator kicks in and the overhead lights flicker back on.

"It's just technical difficulties," explains Mujahid Kakar, the Tolo anchor and moderator of the upcoming debate among six of the main contenders vying to succeed President Hamid Karzai in the April 5 election.

The moment is a reminder of the difficulties of reporting in an impoverished country torn by war. Yet, in many ways, Afghan media coverage of the crucial campaign that kicked off this week resembles what you'd see in any other modern democracy, with newspaper candidate profiles and political talk shows on numerous TV and radio stations.

And this week, for the first time, major contenders for the presidency will introduce themselves to the nation in a televised debate.

The proliferation of Afghan media in the past 12 years is one of the most visible bright spots of the fraught project to foster a stable democracy, even as the NATO military mission in Afghanistan nears its end with the country still riven by war with Taliban insurgents and mired in corruption and poverty.

Given that the Taliban banned television as sinful and allowed only one religious radio station before they were driven from power in 2001, the sheer number of media outlets dozens of TV channels, more than 100 radio stations and hundreds of newspapers is stunning. That they are mostly free to set their own agenda is even more so.

"It goes against some of that common wisdom that it's all doomed," says Nader Nadery, chairman of the Free and Fair Election Foundation, an Afghan pro-democracy group.

Where the Taliban banned sports, Afghans can now watch soccer matches on television. Where music aside from religious hymns was forbidden, there are "American Idol"-style singing competitions. Women were once erased from public life; now some host television shows.

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Election coverage shows growth of new Afghan media

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