The Cable News Network Essay Example for Free

The Cable News Network Essay The Cable News Network (CNN) is considered as one of the most respectable institutions in the field of news reporting. The CNN is a television network owned by the Time Warner as the news division of the Turner Broadcasting System. It is a television network that renders a 24-hour news coverage which includes the events that are taking place in other countries. According to Nielsen, a statistical organization measuring TV ratings, CNN ranked number two in America, trailing behind Fox News in terms of total audience (Project for Excellence in Journalism, 2007). Due to its respectable position in its chosen field, its reportage should be characterized by honesty and accuracy. To stress further the importance of news reportage, it is better to present it with statistics and statements. For instance, a news report that pertains to business utilizes mostly statistics, while some news reports that are politics-related quote the various officials pertinent to the news story. One of the recent news today which is widely debated and deliberated is the $700 billion bail-out fund intended to help out the troubled institutions due to the financial crisis that the nation is experiencing. Poppy Harlow, one of the CNN’s newscasters, made a report about the bail-out proposal. The main objective of Harlow’s reporting is to explain the meaning and the intention of the rescue bill and why the government is wiling to release such funds for it (â€Å"Heres the plan,† 2008). The 110-page bail-out proposal has been finally approved by the Congress. The minor legislative wing released the bill last Sunday evening. It is expected that the bill will take fast-track motions up to the Senate by Wednesday. The bill is based on the proposal of the Treasury Secretary, Henry Paulson, who requested the government to acquire troubled businesses so the banks can start lending money and perform properly (Sahadi, 2008). The bill mainly features the Troubled Asset Relief Program (TARP). Through this program, the government will buy assets that are experiencing financial crisis. The fund released is equal to the fund Paulson requested, but the first $250 billion will be allocated to save the U. S. economy. The members of the prevailing political parties in the U. S. are concerned with the possibility that the taxpayers will pay for the bail-out proposal. Thus, they added several conditions to protect the taxpayers (Sahadi, 2008). Poppy Harlow reported the facts in a straight and concise manner. She did not exaggerate nor make the story light. She made the story sensible to every American and delivered it in such a way that every American would be concerned with the prevailing issue. Though the news report lacks direct quotation, she included the previous statements of Henry Paulson, the Treasury Secretary, about his proposal and his plans before it was approved as a bill. This supports the news story, feeding the public with information that they might miss. The statements are also utilized as an explanation or additional information for the news being reported. The news report also provides an example of what might happen if the plan will be carried out (â€Å"Heres the plan,† 2008). Poppy Harlow reported with fairness. She rendered the news without much difficulty. In this way, people coming from various sectors will be able to understand the news. The words are not highly-technical, and if there are words that are relevant for the public to know, Harlow provided an explanation or a working definition of the concept (â€Å"Heres the plan,† 2008). In news reporting, the statistical data, testimonials, and the examples play important roles in the news report, for they further expound the topic or the news reported for the better understanding of the audiences. References Heres the plan: Congressional leaders reach a tentative agreement on a $700 billion economic bailout plan. (2008, September 28). CNNMoney. com [Webcast Transcript]. Retrieved September 28, 2008 from http://money. cnn. com/video/#/video/news/2008/09/28/news. harlow. bailout. 092808. cnnmoney Project for Excellence in Journalism (2007). Economics. The State of the News Media 2007. Retrieved September 29, 2008 from http://www. stateofthenewsmedia. org/2007/narrative_cabletv_audience. asp? cat=3media=6. Sahadi, J. (2008, September 28). Rescue bill unveiled. CNNMoney. com. BigCharts. com. Retrieved September 29, 2008 from http://money. cnn. com/2008/09/28/news/economy/Sunday_talks_bailout/index. htm? cnn=yes.