Daily Source Bias Check: Financial Post

These media sources are slightly to moderately conservative in bias. They often publish factual information that utilizes loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes) to favor conservative causes. These sources are generally trustworthy for information, but may require further investigation. See all Right-Center sources.

• Overall, we rate The Financial Post Right-Center Biased based on story selection and editorial bias that favors the right through the support of free markets and low regulation. We also rate them Mostly Factual in reporting, rather than High, due to publishing misleading scientific information regarding climate change.

Detailed Report

Factual Reporting: MOSTLY FACTUAL
Country: Canada
World Press Freedom Rank: Canada 18/180

History

The Financial Post was an English Canadian business newspaper, which published from 1907 to 1998. In 1998, the publication was folded into the new National Post, although the name Financial Post has been retained as the banner for that paper’s business section and also lives on in the Post’s monthly business magazine, Financial Post Business. The Financial Post is edited by the National Post.

Funded by / Ownership

The Financial Post is owned by PostMedia, which owns several right leaning media outlets throughout Canada. According to a report in the left leaning CanadaLand, PostMedia has directed its publications to be more “reliably conservative.” The newspaper is funded through advertising and subscription fees.

Chatham Asset Management, a New Jersey based hedge fund holds a large equity stake in Postmedia and majority ownership of American Media Inc. which owns the National Enquirer. David Pecker, who owns American Media, Inc. joined the Postmedia board, and then resigned from the board of Postmedia in 2018, due to his involvement of hush payments on behalf of his “friends” including President Trump and Harvey Weinstein.

According to the National Observer, PostMedia is in a downward spiral. After Postmedia announced a $1.4M loss for the last quarter of 2018, Paul Godfrey stepped down as CEO of the Postmedia Network and was replaced by Andrew MacLeod, as of 1/10/2019. Godfrey, will remain as executive chair. Godfrey was also criticized for cutting 800 full-time jobs across Postmedia in 2016, while earning an annual salary of $1.7 million. For a list of directors and upper management please see here.

Analysis / Bias

In review, The Financial Post is part of the National Post newspaper and website serving as their business section. The website covers financial news such as Markets, Finance and politics related to the economy. Headlines and articles typically do not use loaded emotional language such as this: Hockey brand CCM’s plan to grind it out in uncertain economic times. This story is appropriately sourced, although many are sourced back to the National Post. The FP also republishes articles from newswires such as Reuters and the Canadian Press.

Editorially, The Financial Post supports a market based economy with limited regulation such as this: Craig Alexander: Canada’s messy regulatory environment is holding back our economic prosperity. They have also published information that is not pro-Science (see below). In general, The Financial Post reports news mostly factual with a right-center bias through story selection and editorial bias.

A factual search reveals they have failed a few fact checks related to climate.

• Financial Post publishes misleading opinion that misrepresents science of polar bears’ plight – Very Low Scientific Credibility
• Financial Post commentary misleads about warming effect of greenhouse gas emissions by cherry-picking studies – Low Scientific Credibility

Overall, we rate The Financial Post Right-Center Biased based on story selection and editorial bias that favors the right through the support of free markets and low regulation. We also rate them Mostly Factual in reporting, rather than High, due to publishing misleading scientific information regarding climate change. (D. Van Zandt 2/22/2017) Updated (10/18/2019)

Source: https://business.financialpost.com/