Tuesday, September 27, 2005

Network news broadcasts give scant coverage to Frist stock scandal

Despite having found the time to cover Kate Moss's purported cocaine use and to put one of its correspondents in a wind tunnel to demonstrate the effects of hurricane-force wind, ABC's World News Tonight has yet to mention the brewing scandal over the sale of Senate Majority Leader Bill Frist's (R-TN) stock in HCA Inc., the hospital chain founded by Frist's father, just two weeks before a bad earnings report caused the stock price to drop sharply. The nightly news broadcasts of CBS and NBC didn't do much more, both giving the story brief mentions on September 23.
Since September 19, when Congressional Quarterly quoted a Frist aide acknowledging that Frist had ordered the trustee of his blind trust to sell all of his, his wife's, and his children's HCA stock, the Associated Press picked up the story September 20, followed by The New York Times (September 21), The Washington Post (September 22), and the Los Angeles Times (September 24).

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