It’s less of a problem since the financial crisis, but the business media are still too cozy with the powerful on Wall Street to do their jobs correctly. The media still fawned over Wall Street stars such as Jamie Dimon at J.P. Morgan Chase & Co.; Eliot Spitzer, former New York governor and attorney general, and Jimmy Cayne of Bear Stearns. Why? They all dished tips or dirt on their rivals. Access journalism still dominates the landscape, and you — the reader — suffer for it.
Today’s honor caps a series of awards for ProPublica this year, including two George Polk Awards, one for radio (with NPR) for our series on brain injuries to our troops, another for television (with Frontline) for our reporting on police violence in New Orleans after Katrina; a National Magazine Award finalist nod for our story on dialysis facilities; the American Society of News Editors Batten Medal for sustained reporting on the New Orleans police story; two Investigative Reporters and Editors Awards, one for the dialysis story and accompanying database, the other for innovation for our “Dollars for Docs” series; and two awards from the Society for News Design for our news applications.
Paul Steiger, Editor in Chief, ProPublica, writing today about the non-profit’s Pulitzer win for National Reporting. ProPublica reporters Jesse Eisinger and Jake Bernstein won the award for a series on Wall Street bankers who enriched (or tried to) themselves at the expense of their clients and — in some cases — their firms.
This is the first time a digital only series has won the Pulitzer.
Congratulations to an exceptional organization for showing what a non-profit can do in journalism.