Media Navel Gaze: November 19, 2012
The Week Unpeeled
The vastly accelerating conflict in Israel/Gaza dominated news last week and over the weekend as airstrikes continued, with casualties and the death toll slowly rising and bombs destroying strategic targets including two buildings in Gaza that housed at least two media organizations, one of them Sky News. No signs of any compromise Sunday evening.
- China anointed Xi Jinping as new head of the Community Party, a once-a-decade event that many news outlets called a peaceful transfer of power;
- BP agreed to a $4.5 billion settlement for the Gulf spill, pleading guilty to 14 criminal charges;
- Twinkies and its parent Hostess announced it was going out of business after some 85 years only to bring to life by seemingly every headline writer in the world some slant on the iconic treats “expiration date” (see, nothing lasts forever); 18,500 people will lose their jobs and hoarders were reported across America loading up on the spongy cakes;
- The Dow ended slightly higher on Friday but down 1.8 percent for the week at 12,588;
- REVEALED: Kate Moss now has two tattoos by artist Lucien Freud on her backside, making her a real living work of art; and
- Justin Beiber is still single.