From Columbia Journalism Review
Audit Notes: Bagged Men, whistleblowers
Rupert Murdoch, prepare your checkbook
The Washington Post’s Erik Wemple asks the New York Post’s “Bag Men” to sue the paper for libel:
So journalists at the New York Post should be extra appreciative of the First Amendment these days. No one can revoke their journalistic licenses for their most heinous act of last week — publishing a cover photo of two guys at the marathon under the headline “Bag Men: Feds seek these two pictured at Boston Marathon.” They can continue mangling journalism for as long as the paper remains in circulation. It’s a great country.That’s not to say there are no countermeasures. The victims of the New York Post’s scurrilousness may avail themselves of another great constitutional amendment — the seventh, which entitles people access to the courts “in suits at common law, where the value in controversy shall exceed twenty dollars…”In other words, the young men in the New York Post cover photo can seek millions or even billions of dollars in damages from the paper. And let the Erik Wemple Blog express our firm support for this course of action.
Indeed. That Post cover was one of the worst pieces of journalism I’ve ever seen. I’m surprised we haven’t heard anything about a lawsuit yet.
Rupert Murdoch is used to writing giant checks to settle legal cases. It’s a cost of doing business for him. He’ll be firing off a large one here in due course.
— The New York Times takes a good look at the state of the SEC’s newish whistleblower program, which is understaffed and struggling to keep up with a flood of tips, many of which have resulted in real action.
Wall Street is very unhappy about this turn of events, since it incentivizes whistleblowers with cash: