Business journalists partly to blame for recession talk
Rich Karlgaard, the publisher of Forbes magazine, writes in the latest issue that business media incompetence and fear is one of the reasons behind all of the talk about the grim outlook on the economy. Karlgaard wrote, “Want to know the truth about business journalists? Most of us are failed sportswriters. There are exceptions, and […]
CNBC wins two Gracie Allen awards
Business news cable network CNBC has won two Gracie Allen Awards, one each in the documentary and talk show categories, according to an announcement Wednesday. “The Suze Orman Show” won for outstanding talk show. Executive producers are Suze Orman and Amy Feller. And “Greenspan: Power, Money & The American Dream” won in the mid-length documentary category. […]
Still covering Katrina's effects on consumers
Kim Quillen, the business editor of the New Orleans Times-Picayune, sends the paper’s Sunday business front (see below), which features a story about the rising cost of homeowners insurance in the area in the aftermath of Hurricane Katrina. Quillen wrote, “Business reporter Rebecca Mowbray has covered the tumultuous post-Hurricane Katrina insurance market for us for […]
CNBC flubs HP earnings
Michael Learmonth of Silicon Alley Insider writes Wednesday that business news cable network managed to get Hewlett-Packard’s earnings wrong when it first reported the numbers on Tursday. Learmonth wrote, “The network’s graphics department dinged HP by reporting its GAAP earnings of 80 cents a share — technically correct, but not the number the Street was […]
With Wal-Mart the story is overseas
TheStreet.com media critic Marek Fuchs writes Wednesday that some media — Barron’s, BusinessWeek and the New York Post — missed the story behind Wal-Mart’s strong earnings, while The Wall Street Journal got it right. Fuchs wrote, “Wal-Mart reported its fourth quarter Tuesday and much of the business media saw fit to lead with a number […]
The copy editors lost this battle
Glenn Coleman, the editor of Financial Week, a Crain’s publication, got into a headline battle recently with his copy editors. Here is how Coleman tells the story: “Thought I’d send this 2/11 front page because of our headline ‘Bristol-Myers squibbed by auction-rate bonds.’ “It got a strong love/hate reaction from the wordsmithies, internally and externally. My copy desk still wants to […]
New Mexico newspaper cuts stock listings
The Las Cruces Sun-News in Mexico is cutting its stock listings, according to a short story in Wednesday’s paper. The story stated, “We hope the information provided to our business readers will help you get a comprehensive, quick picture of the day’s market activity. “No longer will we run complete listings for mutual funds and […]
Movie producer slams LATimes biz story
A movie producer is claiming that a California publicist is behind a “hatchet job” on him by two Los Angeles Times business reporters, according to a New York Post story. The parties are producer Ryan Kavanaugh and well-known PR person Michael Sitrick. The Post’s Paula Froelich wrote, “In ‘Hollywood’s Hedged Bets,’ published in the LA Times […]
New WSJ magazine to be called WSJ. Note the period
Irin Carmon of Women’s Wear Daily writes Wednesday that the new Wall Street Journal magazine slated to debut later this year will be called WSJ., not Pursuits, as originally planned. Carmon wrote, “A spokesman confirmed the name: ‘Its understatedness suits the personality of the Journal and avoids the pretense and artifice of many bad magazine […]
Ousted Portfolio editor returns to New York Times
Jim Impoco, the former deputy editor of Conde Nast Portfolio who was fired last year, is going back to the New York Times, where he had been the editor of the Sunday business section, writes John Koblin of the New York Observer. He will work on the Times Sunday magazine. Koblin wrote, “Magazine editor Gerald […]
