In a wide-ranging discussion Wednesday about the unsettled state of journalism, two media CEOs weighed in on covering Donald Trump and the decision by the Washington Post and LA Times to not endorse a presidential candidate.
Steve Hasker, CEO of Thomson Reuters, and Almar Latour, CEO of Dow Jones and publisher of The Wall Street Journal, spoke at the Paley Center for Media‘s International Council Summit in New York.
CNN anchor Bianna Golodryga, who moderated the panel, posed the question about the non-endorsements via an audience member. Hasker said that while he sees nothing wrong with “staying above the fray” and not endorsing a candidate, “the timing really was not great and I do think the ramifications on subscribers, on talent and on reputations will take a while to repair.” Both news organizations went public with their non-calls in the home stretch of the campaign, with the LA Times revealing its plan at the end of October and the Post following three days later.
Staff resignations and outrage from readers followed, with the Post losing more than 250,000 subscriptions, about 10% of its base.
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