As the recent U.S. financial crisis unfolded, journalists struggled to keep up with the biggest story of the century. After the markets unravelled and the economy began spiralling downwards, reporters raced to cover an unfamiliar cast of characters, derivatives and toxic financial instruments. And in this midst of this collapse, ironically, the business of journalism itself hit the rocks, as the mainstream media grappled with collapsing ad revenues and falls in circulation. Bad News is the first attempt to navigate through a controversy that will be studied for decades.