Kelly Wallace

Media Conflicted About FDA Investigation into Singulair

By Paul Detrick | March 28, 2008 - 17:59 ET

After anecdotal reports that people who used the allergy drug Singulair may develop suicidal tendencies, the Food and Drug Administration announced March 27 that it would investigate. How big the problem might be depends on what network you watch.

Even though CBS's "The Early Show" and NBC's "Today" included statements from Merck (NYSE:MRK), the manufacturer of Singulair, analysis of the investigation was mixed.

'Credit Crunch' More Worrisome to CBS than Inflation

By Julia A. Seymour | August 8, 2007 - 18:24 ET

Inflation? Forget about it. Let the economists and policy wonks worry about it.

The Federal Reserve’s decision not to drop interest rates drew the ire of “CBS Evening News” correspondent Kelly Wallace on August 7. Wallace’s story about the “credit crunch” centered on Amanda Michalko, a 26-year old Michigan resident, who would not benefit from lower monthly payments on her pending mortgage because of the Fed.

CBS seemed to disapprove of the Fed’s ruling.

Networks Fret Over Agenda Murdoch Will 'Impose' on Wall Street Journal

By Brent Baker | July 31, 2007 - 22:17 ET

Though many journalists impose their views regularly in biased political coverage, and last year the New York Times publisher made clear his left-wing world view, on Tuesday night the broadcast networks framed Rupert Murdoch's acquisition of the Wall Street Journal around what agenda the “controversial” Murdoch will “impose.” That matches the “fear” expressed in online journalism forums and media magazines about Murdoch's “conservative” agenda. Leading into pro and con soundbites, CBS's Kelly Wallace described Murdoch as “a conservative who put his imprint on the New York Post and brought topless women to the Sun in London. His critics say he may not impose tabloid on the Journal, but will impose his point of view.”

NBC's Andrea Mitchell called Murdoch “a controversial press lord” and declared Murdoch “deeply conservative,” but noted he's also a “pragmatic” man who has been “a supporter of liberal politicians.” Mitchell relayed how Murdoch insists he “does not mix politics and business,” but, she cautioned, “still, some are skeptical.” The liberal Ken Auletta of The New Yorker contended Murdoch “often” uses “his publications and his media to advance either his business or his political interests.” Over on ABC, David Muir warned that Murdoch “already wields great power over much of what we watch and read” and asserted that “critics caution being a brilliant businessman does not guarantee brilliant journalism.” After a soundbite from Auletta about how Murdoch's politics influence his publications, Muir worried: “For that reason, this has turned into a painful decision for members of the Bancroft family, who controlled the Wall Street Journal for more than 100 years. Sell for $5 billion? Or is that selling out? There were tears within the Bancroft family and fears in the newsroom.” On screen, a WSJ headline: “Fear, Mixed with Some Loathing; Many Reporters at Wall Street Journal Fret Over Murdoch's Arrival.”

Nets Barely Notice Surge in GDP Growth as They Focus on Dow Plunge

By Brent Baker | July 27, 2007 - 21:50 ET

The ABC, CBS and NBC evening newscasts on Friday all devoted full stories to the fall in the stock market, touted as “the worst two-day point drop for the Dow in five years,” but barely had time for a sentence about the 3.4 percent second quarter jump in the GDP, the biggest in over a year. In fact, neither ABC nor NBC cited the specific 3.4 percent rise in the Gross Domestic Product, the measure which the AP on Friday described as the “best barometer of the country's economic fitness.” Not one of the three evening newscasts mentioned how the Dow is still well above the 13,000 level it broke through in April and none noted fresh good news on inflation.

ABC was the most negative. “Stock slide,” World News anchor Charles Gibson teased, “Wall Street finishes the worst week of the year down nearly 600 points.” Gibson soon highlighted that news, as he only alluded to the good GDP number, when he reported “the worst week for the Dow in five years. Even positive news on economic growth wasn't enough to keep investors from selling. Among other things, they had to contend with a battered housing market.” Reporter Betsy Stark agreed as she too only made a passing reference to the GDP: “It sure is, Charlie. In fact, buried inside that positive report on Gross Domestic Product today was more evidence of what economists now describe as an outright recession in the housing sector.” ABC didn't even put the GDP number on screen as Stark devoted her entire story to the impact of the declining housing market before concluding that “it increases the odds of a downturn in the overall economy since housing now accounts for roughly one in ten American jobs.”