Video: Full Segment, Part 1: Inside The Collapse (Last year, "60 Minutes" interviewed the author of "The Big Short: Inside the Doomsday Machine" about the meltdown.)Īuthor Michael Lewis on Wall St.'s delusion (Last year, ProPublica writer won the Pulitzer for investigative reporting in collaboration with The New York Times Magazine.) The judges cited their use of digital media to help explain the complex subject. Reporters Jesse Eisinger and Jake Bernstein were cited for their piece exposing questionable Wall Street practices that contributed to the economic meltdown. In other awards, the nonprofit ProPublica won its first outright Pulitzer for national reporting. The Times has also gone through wrenching staff cutbacks before and after the bankruptcy filing, and other turmoil in the newsroom. has been trying to shed most of the debt that it took on in an $8.2 billion buyout engineered by real estate mogul Sam Zell. The newspaper has been hobbled by the troubles of its owner, Tribune Co., which has been operating under federal bankruptcy protection for the past two years. "We gave a small town, we gave them an opportunity to speak out. "At a time when people are saying newspapers are dying, I think this is the day when we can say, no, not really," said Ruben Vives, another staff writer on the story. "The real victors in this are the people of Bell, who were able to get rid of, there's no other way to say it, an oppressive regime," said reporter Jeff Gottlieb, clutching a bottle of champagne.Īlleged swindlers want Bell to pay legal billsīell corruption suspect loses racing horse A cheer went up and cameras flashed when the awards were announced in the Los Angeles Times newsroom, where about 100 people were gathered.
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