Should News Organizations Pay Their Sources?

Checkbook journalism is on the rise among mainstream broadcast networks and Internet media sites. It is a disturbing trend.

Q: I occasionally read that a major TV news network has paid people involved in a dramatic news story large fees for exclusive interviews, amateur videos and participation in subsequent TV specials. I’ve also heard that some sports teams grant media com­panies that pay seven-digit "partnership" fees special access (to press conferences, coaches and players), and restrict the access of those that don’t. What do you think about the ethics of these arrangements?

A: Not much. This kind of "checkbook journalism"—long common in Great Britain and among sensational tabloid papers in the U.S.—is on the rise among mainstream broadcast networks and Internet media sites. It is a disturbing trend.

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Knight Kiplinger
Editor Emeritus, Kiplinger

Knight came to Kiplinger in 1983, after 13 years in daily newspaper journalism, the last six as Washington bureau chief of the Ottaway Newspapers division of Dow Jones. A frequent speaker before business audiences, he has appeared on NPR, CNN, Fox and CNBC, among other networks. Knight contributes to the weekly Kiplinger Letter.