-By Warner Todd Huston
New York Mayor Michael Bloomberg’s media group has apologized for its February 21 cover of Bloomberg Businessweek over complaints that it used racist imagery to illustrate the feature story on the housing market.
With a title of “The Great American Housing Rebound: Flips. No-look bids. 300 percent returns. What could possibly go wrong?,” the cover illustration featured Latino and African American American caricatures awash in a sea of government money.
The image was criticized as racist by several organizations and media outlets.
Ryan Chittum of the Columbia Journalism Review praised Bloomberg Businessweek for being “edgier than its predecessor,” but went on to say that the February cover was over the line.
“The cover stands out for its cast of black and Hispanic caricatures with exaggerated features reminiscent of early 20th century race cartoons,” Chittum wrote. “Also, because there are only people of color in it, grabbing greedily for cash. It’s hard to imagine how this one made it through the editorial process.”
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Bloomberg Businessweek Apologizes for ‘Racist’ Magazine Cover”