A frightening rollercoaster week for the stock market replaced the debt ceiling deal as the driving force in economic coverage last week. And a Republican debate in Iowa helped propel the 2012 presidential contest to its biggest week of coverage so far.
From August 8-14, the economy was the top story at 32% of the newshole, according to the Pew Research Center’s Project for Excellence in Journalism, marking its eighth week in a row as the No. 1 subject. It was the second consecutive week, however, in which economic coverage had dropped—down from 45% the previous week and 52% the week before that.
The week that many in the media called the most dramatic since the economic crash of 2008 had news organizations scrambling to cover and make sense of the gyrations of a stock market that plunged 634 points one day and jumped 430 the next day. But lingering reactions to the federal government’s debt compromise and the downgrade of the U.S. credit rating also made headlines.
Read the full report, Economy Coverage Down But Still Top Story, on the Pew Center for Excellence in Journalism Web site.