Business journalism exists, so to speak, mainly to analyse, record, track, and interpret the economic, business, and financial activities, as well as changes, that take place in the world’s societies.
Usually, the topics that are discussed via business journalism cover the entirety of the commercial activities that are related to the economy.
In short, business journalism is meant to provide us with information on places, people, and issues that are connected to the business sector. Now, given the fact that most magazines, newspapers, and television channels come with a business segment, it is clear that business journalism matters!
However – what are the reasons behind its importance? How does it help us, the common folk – so to speak, to better understand business?
Here are seven of the reasons why business journalism is important!
It beats Twitter
Even though jokingly put, this is entirely true! One of the most important reasons why business journalism matters is that everything that it can say cannot be put in a Twitter or another social media post.
For example, take any company that has been among the top ones in the world and start analysing its financial dealings and so on. You will soon notice that such things come with global implications that simply cannot be put in a short article or post.
If we want insight on business, money, and business within the society, we have to read the business journalism article that deals with the aforementioned properly. Business journalism can never be replaced by modern solutions, for example, or by any other means.
It involves almost everything
If we are to look at nowadays’ trade agreements, taxation, immigration, and environmental policy, as well as Brexit, we’ll notice that these aspects involve economics and business alongside politics.
It goes without saying that almost anything that’s happening nowadays – mostly at a large scale – is directly connected to business and, therefore, business journalists are able to convey the information we want to hear in relation with issues that may also interest us.
Moreover, given that so many issues are related to business, we can rely on business journalists to be able to cover most critical stories with depth, as well as with precision.
It tells us everything we need to know
Business journalism doesn’t just tell us some of the things that are related to business, finances, and so on. Of course not!
This area of journalism is here to keep an eye on the society’s biggest organisations, namely corporations, and their ever-increasing influence. In short, journalists – through business journalism – will always be able to tell us what companies are looking for when hiring, which companies are struggling to hire people or to manage their funds/ issues, as well as which corporations keep their promises or not.
It makes subjects understandable
As mentioned before, business journalism is able to tell and show us everything we need to know about big organizations, companies, corporations, and so on.
However, if we were to be given that information raw, as journalists collect it, we probably wouldn’t understand too much from it. This is because, even though economics and business are two of the strongest forces that shape our lives, they are usually either mysterious or unseen.
Therefore, we -the public – are often prone to be manipulated, lied, and tricked into believing something else. Luckily, business journalism is able to lift the curtain, so to say, and show us the information that guides our lives in a way that we can easily understand and analyse.
It Is the Core of Every Major Story
As stated, business journalism involves almost everything – however, it can be also seen as the central piece of every major story throughout the world. Even though these stories don’t revolve around business (and business journalism), they can still be tied to it.
For example, most recent stories make one thing certain – namely, the fact that following the money will usually result in meaningful accountability. Thus, we can look at the Trump taxes, the China trade wars, p2p lending regulations, instances of selling our data on social platforms, and so on.
It goes without saying that all of the things mentioned above are based on finance, business, and economics, and that business journalism will most likely cover stories like this from now on.