Financial site losing subscribers due to judge's ruling
The financial site Theflyonthewall.com says that it’s losing subscribers due to a court order banning it from posting early morning summaries of banks’ stock recommendations, writes Wendy Davis of Online Media Daily. The site has asked the order be lifted while it appeals the ruling. Davis writes, “The Fly now argues that Cote should revoke the […]
How did WSJ turn an $80 million loss into a profit in one year?
Jeff Bercovici of DailyFinance.com wants to know how The Wall Street Journal, which lost more than $80 million in 2009, is now expected to report a profit one year later. Bercovici writes, “Sure, the paper did some downsizing of its staff from one fiscal year to the next, but the numbers were small relative to […]
The rotating business reporters
As often happens in business journalism, when one person leaves one media outlet for a new job at another media outlet, it creates a domino effect for others in the business. Last week, Jeffrey McCracken, a reporter at The Wall Street Journal who covers mergers and acquisitions, was hired away by Bloomberg News. Now comes […]
New WSJ auto writer in Detroit
Wall Street Journal Detroit bureau chief Neal Boudette sent out the following announcement on Wednesday afternoon: “Please join me in welcoming Mike Ramsey to the WSJ/DJN bureau in Detroit. He will take over coverage of the Asian automakers, including Toyota, Honda, Nissan and Hyundai. As part of the merged bureau in Detroit, he will cover […]
Three reasons why the WSJ hasn't won a Pulitzer in three years
Peter Kadzis of the Boston Phoenix notes that The Wall Street Journal is the only paper among the four — with the other three being the New York Times, Washington Post and Los Angeles Times — that have dominated the Pulitzers in recent years to go three years without winning at least one. He speculates […]
Young named new Reuters wealth management editor
Lauren Young, a former editor at BusinessWeek, has been named the new wealth management editor at Reuters, according to an internal announcement. Richard Baum, global editor for consumer media, wrote, “I’m pleased to announce that Lauren Young is joining Reuters as wealth management editor. Lauren is a personal finance veteran with more than 16 years […]
Krugman vs. Sorkin at the NYT
Rachel Sklar of Mediaite writes about the disagreement between New York Times columnist Paul Krugman and business writer Andrew Ross Sorkin, who wrote recently that Krugman called for the nationalization of the country’s banks, a claim that Krugman denies. Sklar writes, “So what happens now? Krugman just demanded an apology from Sorkin. Will he get […]
The WSJ readies for battle against the NYT
John Koblin of the New York Observer has an extensive interview with Wall Street Journal managing editor Robert Thomson, who is readying the paper for the launch of its New York edition to compete against the New York Times. Koblin writes, “In Mr. Thomson’s estimation, there is no such thing as a ‘second read’ anymore. […]
Business news and blogging
Reuters blogger Felix Salmon received some questions from a college student Tuesday about business journalism and blogging, and posted his answers on his blog. Here is an excerpt: 3) What does business blogging do to the future of mainstream business journalism outlets? Well, in the best-case scenario, it makes them much better. Mainstream business journalists, […]
Thomson Reuters about to launch slew of new products
Andrew Edgecliffe-Johnson of The Financial Times reports Tuesday that Thomson Reuters will begin a series of product launches starting next week and culminating in the autumn will bring together products from the former Reuters and Thomson Financial for the first time. Edgecliffe-Johnson writes, “The web-based platforms, which replace traditional terminal commands with online search, were […]
