In some news that got overlooked in Nintendo’s investor Q&A, PE contributor Daniel Mendez found an interesting question from a share holder. This share holder is well aware of the inaccurate reports and Major Media’s bias against Nintendo.  

Question:

“Nintendo Direct enables Nintendo to deliver what it wants to communicate when it wants to communicate it, but I have seen reports by certain media that contained claims about Nintendo that were either misleading or contrary to fact, and Nintendo even had to officially deny them several times in the past.

I also believe that some major sites on the Internet sometimes produce biased and distorted articles about the company. For shareholders, this affects Nintendo’s share price, and for non-gamers, this paints a negative picture of games in general. What does Nintendo think about this and how are you going to deal with it?”

Nintendo President and CEO Satoru Iwata’s response: 

“Let me first say that I would like to refrain from commenting on individual cases. On the other hand, it is true that there are some Internet sites and certain media who have written stories about Nintendo as if they were official when, in reality, they did not come from any official sources such as interviews or announcements, nor were they confirmed by the company.

My words are sometimes taken out of context, rephrased in a way that sounds offensive, and then reported as if those were my exact words. We look at the influence and the content of any article and media, and when we feel that it could potentially spread misleading information (on a wide scale), then, as other companies do, we sometimes decide to communicate on our official website and Twitter account that what the article in question claims is nothing that the company has officially announced. In this sense, we are proactive with regard to information that, if left unattended, could affect us in an extremely negative way.

On the other hand, what people say on the Internet is simply beyond our control. There have certainly been instances where we felt very sad or frustrated, but reacting to every single piece of information could in fact contribute to spreading it further. We take action when we feel that a certain piece of information could affect us or our shareholders in a negative way.

We have Nintendo Direct, our official Twitter account and our official website to communicate our messages to our consumers directly. An increasing number of people are watching videos on the Nintendo eShop, which is a virtual shop where people can purchase new games and find new information. In fact, the most popular way to watch Nintendo Direct is through the Nintendo eShop as opposed to watching it live on computers. As you can see, we now have more ways to directly reach out to consumers, and by communicating our messages in a genuine manner, I think that we can make sure that inaccurate and ill-intentioned reports will not become too serious an issue.”

Source

Iwata just said something. He's wrong and Nintendo is doomed. -VGC

Actually Nintendo Directs primarily being watched through the eShop is what suprised me most here. Although Iwata only compared it to live views. How does it compare to Youtube?

p.s.
Thanks to everyone who voted for me in the User Contest, due to the absolutely shitty internet in the place I've been for the last three weeks I sadly couldn't say this earlier :D (I'll include this in every post of me this weekend, so I hope everyone who voted for me will eventually see it)

OK. Sounds like a fanboi shareholder.
Iwata entirely blew off the aspect of question pertaining to impacting shareholder value and image of gaming in general.
The question is pretty naieve: no company will have 'total control' over media discourse, which has no obligation to restrict itself to parroting 'official' statements and interviews.

So, what about Iwata acknowledging Wii U as a failure and indicating fundamental shift in business strategy vs. a failing one?

of course you can't see what is going on without being a fanboy -_-

I do, as usually I'm at work as the direct hits. If I'm back home it's already up at the eShop, so I watch there instead of searching youtube. I think in most timezones the direct cannot be watched live by most persons.

So.
Nintendo will now pursue NFC toy accessory and payment functionality for their tablet controller for a home console.
Nintendo has awoken to smartphones' co-opting of the casual gaming market, and will answer them with NFC features smartphones have had for years.
All smartphone makers with NFC payment capability and toy accessory games are trembling with fear.

And great to know that Nintendo plans on enunciating Wii U's unique advantages vs. older Nintendo products by offering Nintendo DS games on Wii U's Virtual Console.

On the upside, licencing revenue opportunities for Ninendo IP look to be great, particularly from adult diapers and domestic canine vitamin supplements.

Iwata was noted to be wearing a trendy Plants vs Zombies t-shirt, that he said his son bought for him.

Nintendo fanboys are so hilarious and are destroying nintendo (Difference between being a nintendo fan and a nintendo fanboy)! There's no media bias, nintendo (only the home console not 3ds) is a freaking joke this generation and when the playstation 3 was a freaking joke when it first came out the media DESTROYED sony and sony lost a lot of fans and money. Sony fans switched sides and purchased Xbox360's and sony fans came out voicing their displeasure at the lack of games and the outrageous price of the console.

This made sony wake up and listen and fix the PS3 to their fans liking with games after games after games and price cuts because they saw even their most die hard fans were not happy but instead of Nintendo fans doing the same to set Nintendo straight so us gamers can enjoy nintendo again they instead choose to baby Nintendo and say "It's the media bias don't worry iwata you're doing everything right" LMAO

on the other hand, it is true that there are some Internet sites and certain media who have written stories about Nintendo as if they were official when, in reality, they did not come from any official sources such as interviews or announcements, nor were they confirmed by the company.

My words are sometimes taken out of context, rephrased in a way that sounds offensive, and then reported as if those were my exact words.

^^

those things happen with fucking everybody. 

The bias in question and the news not from official sources, I think, are due to the lack of information from nintendo pre-Nintendo Direct compared to other publishers.

Website need clicks and views, and for that they need news. If they dont get official news they relay rumours, that's all there is to it.