After its ridiculous cover headline claiming that Digg.com’s founder has “made $60 million” — based on valuations, not cashed in for real money, by unnamed people “in the know” — Business Week is still refusing to acknowledge its goof, as Scott Rosenberg’s notes in a trenchant post:
Now the magazine can either publish a correction, which I doubt it will ever do, or live with the diminished credibility it deserves.
Ed Cone adds:
BusinessWeek’s best bet is to say, ‘We goofed. We wrote an interesting article about an interesting subject, but we made a pretty bad mistake in the way we headlined the story.’ Let’s see if they really understand anything about “Web 2.0.
Reuters, meanwhile, quickly admitted sending out a doctored photo and suspended the photographer. This is bad for the news service, unquestionably, but stonewalling would have been much worse. (Kudos to Little Green Footballs for apparently being first to spot and flag the doctored picture.)