Mangan, AML and Byrne, A (2018) Marginalising co-operation?: A discursive analysis of media reporting on the Co-operative Bank. Organization, 25 (6). pp. 794-811. ISSN 1461-7323

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Abstract

Recently there has been renewed academic interest in co-operatives. In contrast, media accounts of co-operatives are relatively scarce, particularly, in the United Kingdom, where business reporting usually focuses on capitalist narratives, with alternatives routinely marginalised until a scandal pushes them into the public eye. This article analyses media coverage of the United Kingdom’s Co-operative Bank (2011–2015), tracing its transformation from an unremarkable presence on the UK high street to preferred bidder for Lloyds Bank branches and its subsequent near collapse. The article charts changes in reporting and media interest in the bank through five discursive frames: member and customer service; standard financial reporting; human interest, personality-driven journalism; the public relations machine; and political coverage. Our analysis discusses three points: the politicisation of the story through covert and overt political values; simplification and sensationalism; and media hegemony. We argue that although moments of crisis provide an opening for re-evaluating the dominant reporting model, established frames tend to reassert themselves as a story develops. This produces good copy that reflects the interests of the publishers but does not extend understanding of co-operative organisations. Thus, the article identifies the role of the media in delegitimising organisations with alternative governance structures, thereby promoting ideological and economic conformity.

Item Type: Article
Additional Information: Mangan, AML and Byrne, A (2018) Marginalising co-operation?: A discursive analysis of media reporting on the Co-operative Bank. Organization. Copyright © 2018 The Authors. Reprinted by permission of Sage Publications.
Uncontrolled Keywords: alternative organisations, banking, Co-operative Bank, co-operatives, discourse, financial crisis, framing, journalism, media
Subjects: H Social Sciences > HF Commerce
P Language and Literature > PN Literature (General) > PN1990 Broadcasting
Divisions: Faculty of Humanities and Social Sciences > Keele Management School
Depositing User: Symplectic
Date Deposited: 19 Mar 2018 12:48
Last Modified: 06 Dec 2018 14:36
URI: http://eprints.keele.ac.uk/id/eprint/4597

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