Of Press reporters, Myths, Error & Hype

It seems sudden expansion in Indian media industry has created a vacuum for talent and everybody with access to a computer, internet is a journalist. However unfortunately it is not the amateur journalists who are acting like professionals but professionals who are sounding more and more like amateurs.

The latest one to join the band of Noise journalism is prestigious paper from South “The Hindu” which carried a story in its online version on day traing in United western bank counter with title “Day traders suffer huge loss in United Western Bank”. However the report carried this quote “In another bulk deal, ND Nissar purchased 4,08,248 shares of UWB at a price of Rs 15.67 and sold them at Rs 15.66, resulting in a loss of more than Rs 4,000.” So Hindu thinks Rs 4000 is a huge loss for a day trader.

Earlier also CoolAvenues has reported how NDTV and other media hyped placements at IIMs.

Let us see how long it goes

http://www.hindu.com/thehindu/holnus/006200609041967.htm