The sky is falling
TheDeal.com’s Yvette Kantrow writes that the business media has suddenly turned bearish on covering the markets, but wonders if the analysis is a bit too simplistic. Kantrow wrote, “So what do the big mags make of our current situation? BusinessWeek, for one, is out to point fingers and lay blame, as its main piece dredges […]
Did Countrywide CEO lie on CNBC?
TheStreet.com media critic Marek Fuchs wants to know if Countrywide Financial CEO Angelo Mozilo lied during an interview on CNBC last week when he said the lender had stopped making loans to people who wouldn’t have qualified. Fuchs asks the question because he received a mortgage solicitation from Countrywide that included generous terms designed to […]
Mansueto leading bidder for struggling Business 2.0 magazine
Keith Kelly of The New York Post is reporting Friday that Joe Mansueto, who already owns Inc. and Fast Company, is apparently the leading bidder to acquire struggling business magazine Business 2.0 from Time Inc. Kelly wrote, “It is not clear exactly what Mansueto would do with the magazine, although the deal would include a subscriber […]
Book from NYTimes writers on Dow Jones/News Corp. in trouble
Keith Kelly of The New York Post reports Friday that a book proposal about News Corp. CEO Rupert Murdoch‘s acquisition of Dow Jones & Co., the parent of The Wall Street Journal from columnist Joe Nocera and business editor Larry Ingrassia of The New York Times appears to be in trouble. Kelly wrote, “As of […]
CNBC gussies up for pending competition
Amy Scott of the Marketplace radio program on American Public Media covers the changes at business news cable network CNBC as it prepares for competition from Fox Business Network, which launches Oct. 15. Scott said, “Some worry that the big loser in the ratings battle might be the journalism. On one hand, the networks will […]
Countrywide slams NYTimes article about lending practices
Countrywide Financial Corp. responded Thursday to an article in the New York Times Sunday by Gretchen Morgenson about its lending practices by issuing a release refuting some of the accusations. In part, the statement said, “This article contained numerous inaccuracies and ‘facts’ taken out of context to place Countrywide in the worst possible light. “Countrywide […]
Business press not trying to sensationalize housing market woes
Earl Maucker, the editor of the South Florida Sun-Sentinel, responds to reader complaints that the newspaper is sensationalizing the drop in housing prices by arguing that the issue is news. Maucker wrote, “If we were to rewind to the past two to three years, you would find just as many headlines and front-page stories reporting […]
Changes at Roanoke biz desk
Rob Johnson, business editor at the Roanoke (Va.) Times since 2005, has been named the daily’s first-ever writing coach and will also be a senior reporter in the metro department. The move will be effective when a successor is found to lead the paper’s business team. In addition, Times reporter Ray Reed, who most recently covered […]
CNN will stop using Reuters
Mark Lee of Bloomberg News writes Thursday that cable news network CNN will stop using Reuters for coverage, according to an internal memo. Lee wrote, “‘We are making significant investments in our own newsgathering while simultaneously reducing our reliance on agency material,’ according to the e-mail sent to employees by Atlanta-based CNN International’s Managing Director […]
BusinessWeek publisher leaving
Keith Kelly of The New York Post writes Thursday that the publisher of BusinessWeek, Geoffrey Dodge, is leaving for a job at Salesforce.com after he was passed over for the job of BusinessWeek’s president. Kelly wrote, “Dodge’s exit comes at a particularly tough time for the business publications category. The big three in the category […]
