The Houston Chronicle’s Claudia Feldman writes about the upcoming Enron trial and how the media is covering it…
Fox News Channel’s Dallas correspondent Kim McIntyre, along with FNC Houston producer Melissa Jacobs, will cover the trial and provide live updates from the courthouse in Houston. The cable news network’s Your World with Neil Cavuto also will provide extensive coverage on the trial. So far, CNN has committed to sending only its financial/business reporter, Chris Huntington, but additional resources will eventually be sent to Houston.
BBC radio reporter Lesley Curwen explains why millions will be paying attention:
“Enron made the ground shake. This was the granddaddy of corporate scandals — the one that made us doubt what we were being told as investors, the one that made us look at corporations in a whole new light.”
“This is a very big story,” said Neil Cavuto of Fox News. “It could represent closure to the many people who felt they were abused when the markets went bust. This case is of great material significance to people. While they may not be made whole, they feel they’ve been snookered, and they want people made accountable.”
National TV coverage, however, probably will be limited to major developments and the hottest testimony (e.g., Andrew Fastow).
“It’s easy to become repetitive on stories like this, and some elements — how the books were handled and how the accounts were structured, derivative instruments and things like that — don’t engage people,” Cavuto said.