Comm 187 Lec 10-12

Comm 187 Lec 10-12 - Lecture 10 Business of Journalism:...

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Business of Journalism: Ethical implications that go into journalism companies and organizations (as opposed to individual journalists). When you talk about a journalism company there a set of diff. interests; 1). The corporations duties to its shareholders, 2). Journalists duty to its readers and the Constitution itself. There can be ‘real’ consequences for failure: reduced access to government, reduced oversight by public officials and an erosion of democracy. Most journalism companies are corporations. What are ‘corporations’: a legal entity consisting of people who are shareholders, and that corporate entity is distinct from individual shareholders. What is the purpose of corporate entity? The purpose of the corporation is to maximize on return of investment (make the most money for its shareholders). Journalistic corporations are different from other entities as they have certain obligations to fulfill such as that of its 1). Shareholders, 2). Readers, and 3). Democracy. Corporations became more significant during the Industrialization with the availability of government contracts. 1886, Santa Clara vs. Southern Rail Company, Santa Clara County wanted some money from the Southern Pacific for tax on its rail property that passed through Santa Clara. Southern Pacific position is that the 14 th amendment which guarantees equal protections to citizens of USA, that equal protection protected Pacific Rail company for diff. tax rates. This was a defining moment as Supreme Court, considered an entity as an individual. Clearly the Framers gave the press certain protections, that they sought necessary to only give to them and not other businesses such as farming etc. But these protections evolved because The Pentagon papers were a set of documents that were written at the Rand Corporation that examined America’s involvement in the Vietnam war-- which were Classified. Daniel Elsberg one of the authors of them, stole copies and gave them to the New York Times, the government tried to stop the NYTimes from publishing it. Then the Washington Post obtained a copy and they began publishing. Both of them took this to the Supreme Court. The Supreme Court said that the Government could not stop the NYTimes and the Washington Post from publishing the papers. Many ppl believed that it was There were significant threats to the businesses of these companies for this kind of reporting ( ex. Washington Post wanted licenses for something and the Government has control over that). What should happen when a history of a journalistic service collides with the business interests with journalistic companies? Who decides whats in the best interests of the company or shareholders? Examples from reading:
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Comm 187 Lec 10-12 - Lecture 10 Business of Journalism:...

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