Differing WSJ v. AP Headlines and Opening Paragraphs on Chrysler’s Losses Expose Obvious AP Bias

The Wall Street Journal’s headline and reporter Jeff Bennett’s opening paragraph concerning Chrysler Corporation’s first announcement of financial results since 2007 get right to the key points : Chrysler Reports $4 Billion Loss Since Exiting Bankruptcy Chrysler Group LLC lost nearly $4 billion since exiting bankruptcy last year, but the company reported a first-quarter operating profit this year and increased its cash reserves, bolstering Chief Executive Sergio Marchionne’s claim that the auto maker will break even by the end of the year. That $4 billion consists of $3.78 billion in the last 205 days of 2009 and $197 million during the first quarter of 2010. The WSJ and Bennett basically did a nice job, though I have a problem with companies trumpeting “operating profit” when there is an “actual loss.” I …

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Differing WSJ v. AP Headlines and Opening Paragraphs on Chrysler’s Losses Expose Obvious AP Bias