Institutional Award: Cable News Network (CNN) for Coverage of the Stock Market Crash

Peabody recognition goes to the Cable News Network for its excellence in live coverage of important breaking news stories. No finer example of this excellence can be found, in the opinion of the Peabody Board, than CNN’s live coverage of the October 1987 stock market crash. Under the guidance of Chief Correspondent and Vice President, CNN Business News, Lou Dobbs an outstanding team covered this event with such distinction and care that the Board recognizes CNN as the “channel of record” for live coverage of breaking news of national and global significance. For its overall effort, but with special recognition of the coverage of the stock market crash, the Peabody Board cites the Cable News Network for excellence.