MEDIA AND THE KEATING FIVE

Abstract

This chapter provides a case study and content analysis of how mainstream business journalism failed to report on the Keating Five meeting, a significant event that foreshadowed the failure Lincoln Savings and Loan. National Thrift News coverage is compared to that of the Wall Street Journal, the New York Times, American Banker, and the Associated Press. The study finds how National Thrift News was first to report on the Keating Five meeting even though the story was available to other news organizations. News coverage following the collapse of Lincoln Savings shows a pack journalism mindset.