MEDIA: `It's a MAD World If We Can't Report Financial Rumour and Hearsay' ; THE MEDIA COLUMN

Lister, David, The Independent (London, England)

The European Union, which has taken several decades to sort out its own initials, has clearly still not got to grips with the dangerous world of acronyms. With the press hardly likely to approve of its draconian planned directive over financial journalism, it might have thought harder before naming it the Market Abuse Directive. But MAD it shall be called, and worse than mad in the view of editors it is likely to be.

MAD - and here it lives up to the acronym - could punish journalists for reporting in good faith financial information that later turns out to be inaccurate. Indeed, at its worst it would in effect stop the reporting of rumour and hearsay on the grounds …

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Publication information: Article title: MEDIA: `It's a MAD World If We Can't Report Financial Rumour and Hearsay' ; THE MEDIA COLUMN. Contributors: Lister, David - Author. Newspaper title: The Independent (London, England). Publication date: November 12, 2002. Page number: 9. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.

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