Public’s Trust Of Media Hits 20-Year Low

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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newspaperThe media industry is being shaken to it foundations by the recession and the movement of advertising dollars from old media to the internet. The public’s trust of the media is dropping rapidly, which will not add to the ability of the press to recover its viability.

Pew Research reports that American look at the media and biased and lacking independence.  According to its latest survey, “Just 29% of Americans say that news organizations generally get the facts straight, while 63% say that news stories are often inaccurate.”

The Pew Research Center for the People & the Press’ biennial media attitudes survey was conducted between July 22 and July 26 among 1,506 adults reached on landlines and cell phones.

Old-line major media suffered significantly. The view that publications like The New York Times (NYT) and Wall Street Journal (NWS) are partisan are at unusually high levels. Only 29% of those surveyed had a favorable view of the Times and 32% of the WSJ.

Television still dominates the market as the public’s major information source with 71% of people saying the get their national news from the medium. The internet has passed newspapers in the category, 42% to 33%. This is bound to increase the belief that the days of print media are numbered, although 41% of those surveyed said they got their local news from papers.

The 20-year trend of belief in the media as a reasonable source of news is stunningly poor. In 1985, 55% of the people participating in the Pew poll said news organizations get their facts straight. Today that figure is 29%.

Looking at the data, one cannot help but notice the sharp and ongoing increase in the internet as a major news source. Traditional media can fight that by moving content online, but they face internet-only news sources which are already established. That makes the task of old media remaining viable a hard row to hoe.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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