Divergent Perspectives? Financial Newspapers and the General Interest Press

Arrese, Ángel; Vara, Alfonso

doi:10.5040/9780755694990.ch-008

Cited by 14 publications

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“…This risk would lead non-elite agents to avoid the use of the alternative frame, further reinforcing the dominant one (Gramsci 1971). Furthermore, economic journalism tends to be particularly dependent on official sources, due to the lack of training of journalists, the routine pressures and the complexity of the topics, among other reasons (Arrese and Vara 2015;Wren-Lewis 2018). This dependency contributes to facilitate the assumption of the official frames by the media.…”

Section: Discussionmentioning

confidence: 99%

Framing Austerity in Spain: The Influence of Sources and Economic Policies Over the Media Discourse

Rios-Rodríguez

2020

Journalism Practice

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European countries responded to the economic crisis of 2008 by adopting austerity policies that deeply transformed their economic and social model, leading to a general decline in welfare. This study attempts to demonstrate how the media contributed to legitimise this kind of policies by portraying them as the only possible alternative, focusing on the Spanish press. To this end, we carry out a Content Analysis of the frames used by two Spanish newspapers to address the policies applied in response to the crisis between 2008 and 2015. Additionally, this article links through a Z-test the frames reproduced by the media with the type of sources that promoted them, a dimension of the crisis coverage that remains largely unexplored. It also analyses the evolution of the media discourse throughout the crisis. The results show how coverage was dominated by frames that legitimised austerity by presenting it as the only existing option. In a relevant way, both elitist and alternative sources mostly promoted frames that legitimised austerity, although in a different way. On the other hand, the legitimisation of austerity was exercised more intensely in the crisis periods in which these policies were being applied more strongly.

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Section: Discussionmentioning

confidence: 99%

Framing Austerity in Spain: The Influence of Sources and Economic Policies Over the Media Discourse

Rios-Rodríguez

2020

Journalism Practice

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“…The Economist is an important subject of study for those interested in journalism's austerity frames for two reasons. Business magazines and newspapers such as The Economist or The Financial Times represent elite communication networks where ideas and agendas are disseminated and deliberated upon by powerful people (Davis 2007(Davis , 2017Arrese and Vara 2015;Ojala 2017). As Parsons puts it, this enables "politicians, businessmen and men of ideas to set the parameters of ruling opinion" (Parsons 1989, 3).…”

Section: Journalism Politics and Austeritymentioning

confidence: 99%

Reason Over Politics

Harjuniemi

2018

Journalism Studies

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Adopting a critical perspective, this article examines how journalism has historically addressed austerity by analysing the austerity debates of the influential business magazine The Economist from 1947 to 2012. By analysing 131 articles with a qualitative frame analysis approach, I show how The Economist has used an enduring frame by which to position itself as the voice of reason against the irrationality of politics. It has typically framed austerity as necessary in times of economic distress, and political demands that contradict austerity have often been deemed irrational. In 2012, during the euro crisis, The Economist, however, framed German-driven austerity as obsessive and called for a pragmatic position on austerity. I argue that this frame of "reason over politics" is characteristic of modern journalism, which is committed to the post-ideological norm of objectivity.

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“…The analysis of the economic discourse of the media from a rhetorical perspective adds a new dimension to the debate about the extent to which the media coverage of economic issues tends to produce uniform thinking, interpretations dominated by technical arguments, and institutional and elitist explanations of current events (Arrese and Vara, 2015). In this way, the media contribute to the expansion of the ‘governmentality’, which depends on crucial respects upon the intellectual technologies, practical activities, and social authority associated with expertise (Miller and Rose, 1990).…”

Section: Discussionmentioning

confidence: 99%

“…More specifically, research in economic journalism has emphasized some features that constitute the specificity of the coverage of economic and financial issues with respect to other news beats, such as a utilitarian approach and a narrow economistic view of current events. They reflect the logic of elite-to-elite communication, the dominant logic of news in high economics and finance that has been manifested in the coverage of many economic issues (Arrese and Vara, 2015). This view is consistent with the thesis that economic media reproduce, without much critic, the global capitalist and neoliberal economic discourse (Chakravartty and Schiller, 2010; Kantola, 2006; Sandvoss, 2010).…”

Section: Cognitive Metaphors Of the Crisis And Economic Journalism Elmentioning

confidence: 99%

A comparative study of metaphors in press reporting of the Euro crisis

Arrese

Vara-Miguel

2015

Discourse & Society

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This article aims to analyze the use of economic metaphors in the particular case of the European sovereign debt crisis, by the examination of the public discourse as reflected in the daily press. Three countries of the European Union with severe sovereign debt problems (Greece, Italy, and Spain) and three countries without them (Finland, the Netherlands, and the United Kingdom) have been selected for analysis. The general hypothesis, in accordance with the research undertaken in similar studies on economic metaphors and on the uniformity of economic journalism frames, is that one can expect a fairly common use of the same metaphors and with the same weight among countries, types of newspapers, and diverse economic conditions. The findings basically support this hypothesis, showing how difficult it is for the media, even when using rhetorical devices such as economic metaphors, to stand aside from the experts’ discourse or to forge new ways of analyzing economic events outside the traditional and prevalent frames.

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Divergent Perspectives? Financial Newspapers and the General Interest Press

Cited by 14 publications

References 0 publications

Framing Austerity in Spain: The Influence of Sources and Economic Policies Over the Media Discourse

Framing Austerity in Spain: The Influence of Sources and Economic Policies Over the Media Discourse

Reason Over Politics

A comparative study of metaphors in press reporting of the Euro crisis

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