Source: Columbia Journal Review

Blogs Beat the Press on the Lehman Brothers Scandal

By Ryan Chittum

And just like that the Lehman Brothers scandal drops off the front pages. And not just the front pages—the section fronts, too.

Say, we just learned about a $50 billion fraud on Thursday. http://blogs.wsj.com/deals/2010/03/11/lehm... / Think there might be some newsworthy follow-ups here? Actually there are, and both The New York Times and Wall Street Journal have them, but they stuff them inside.

The Journal, which scored recently by bringing David Reilly back into the fold after a stint at Bloomberg, posts a Reilly news article looking at the culpability of Lehman auditor Ernst & Young. The paper dumps it on C7. http://online.wsj.com/article/SB2000142405... The NYT has on the same angle—a very good one to examine closely—and slides it inside on B2. http://www.nytimes.com/2010/03/15/business...

Somehow the Times thought more people would care about Sorkin’s scoop http://www.cjr.org/review/the_price_of_adm... on a $3 billion deal for Tommy Hilfiger or that it was more important than an auditor approving accounting fraud. They don’t and it’s not.

Read more: http://www.cjr.org/the_audit/blogs_beat_th...