Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Journalism ATM-style

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
katty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 06:55 PM
Original message
Journalism ATM-style

Journalism, Hold The Journalists: Thomson Financial Replaces Reporters With Computers
Financial Times | Aline van Duyn | Posted Monday August 21, 2006 at 02:23 PM

Business information service Thomson Financial has found a way to eliminate that cumbersome middleman from reporting: The reporter. Turns out it's been using computers to create stories since March and plans to roll out the expanded, people-free version soon. According to the FT, the replacement computers "work so fast that an earnings story can be released within 0.3 seconds of the company making results public... By using previous results in Thomsons database, the computer stories say whether a company has done better or worse than expected."

Said Thomson senior vice-president of strategy Matthew Burkley: "This means we can free up reporters so they have more time to think. (The awkward, unspoken elephant in the room here: thinking takes more than 0.3 seconds). This is the best part though: apparently the stories were pretty standardized so Burkley said that "We might try and write a few more adjectives into the program."
Printer Friendly | Permalink |  | Top
Jim__ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 07:42 PM
Response to Original message
1. Oh yeah! A few more adjectives.
There's the secret.
Printer Friendly | Permalink |  | Top
katty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 07:50 PM
Response to Reply #1
2. yup, that's the ticket!!
Printer Friendly | Permalink |  | Top
Tace Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-21-06 08:15 PM
Response to Original message
3. Earnings Stories Are "Fill In The Blank" Stories
There are all kinds of stories produced by a financial newsroom that are simply "fill in the blank" stories. The reporter will literally call up a template and insert figures and words like "up" and "down."

This really is like complaining that cotton is picked, or holes dug, by a machine. I know people need jobs, but I don't see the dignity of doing a job that can be done just as well by a machine. The Thomson spokesman is right that this will free up reporters to do actual reporting.
Printer Friendly | Permalink |  | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Jan 17th 2018, 11:25 PM
Response to Original message
Advertisements [?]

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC