Most journalists publish first, check later
A recent survey by ING Group indicates that the majority of journalists publish stories online first and check the facts afterwards.
Among the journalists surveyed only 20 percent said that they always fact-checked a story before publishing it, with almost half of the respondents saying that they published most of their stories as quick as possible to correct at a later date if necessary.
One third of journalists surveyed said that social media posts are not reliable sources of information, however half of the survey’s respondents said that social media was their primary source of information.
The report predicted that journalists will do less and less fact-checking in the future and instead “crowd-checking, whereby the public’s opinion is used and accepted as being true, will grow in importance”.
O’Reilly forced to pay up
Businessman and former media owner Tony O’Reilly has failed in his attempt to seek more time for the repayment of his debts.
Mr O’Reilly, who led the Independent News & Media Group from 1973 to 2009 and was once the richest man in Ireland, has been declared insolvent by High Court Justice Peter Kelly and faces a forced sale of assets to help cover €22 million of debt he owes to AIB, Ireland’s state owned bank.
After consenting to the judgment regarding his owed repayments, Mr O’Reilly, who wished to control the sale of his assets, asked for a six month delay to the court’s execution of its judgment. Justice Kelly ruled that to do this would be prejudicial to AIB and that enough time had been given already for the debts to begin being repaid.
According to RTE, Mr O’Reilly owes a total of €195 million to various creditors and Justice Kelly ordered that AIB should be the first to receive repayments.
Forbes launches Japanese edition
Business and finance magazine Forbes has launched a Japanese edition, which will be published under a licensing agreement between Forbes Media LLC and Atomixmedia, a Tokyo-based media organisation.
Forbes Japan will be published monthly and the first issue is currently available on newsstands in the country.
Editor-in-chief of the new magazine and CEO of Atomixmedia Makoto Takano, said that the launch of the magazine comes at an important time in Japan.
“The economy is emerging from decades of deflation and regaining confidence,” Mr Takano said in a statement. “It is getting ready to resume its vital role as a key driver of the global economy.”
“With Forbes being the world’s leading global business brand, and our knowledge of the Japanese market, Forbes Japan will be a great success.”
The cover story in the first issue of the magazine looks at how new forms of entrepreneurship are fuelling the Japanese economy’s revitalisation.
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