Rich CEOs are not like us, contrary to what biz media tells you
Marek Fuchs, the media critic of TheStreet.com, wonders why some media like the Associated Press write about how much money CEOs have lost during the economic crisis — just like the average investor — when they’re still performing better than the overall market. Fuchs writes, “And this is just what went on here, though the […]
Newark biz editor leaving for AP
TALKING BIZ NEWS EXCLUSIVE Kevin Shinkle, the business editor at the Newark Star-Ledger, is leaving the paper and taking a job as an assistant business editor at the Associated Press. Shinkle’s last day at the paper will be Nov. 12. He will start at the AP on Nov. 17. Shinkle declined further comment. Shinkle became […]
AP names journalist to oversee financial crisis coverage
Terry Hunt, a White House correspondent for the Associated Press, has been named by the wire service to oversee its financial crisis coverage, according to a memo posted by Politico.com’s Mike Allen. AP business editor Hal Ritter and Washington bureau chief Ron Fournier write, “He will work with news leaders in Washington, New York and […]
Reporting, and being part of, the biggest business story
David Bauder of the Associated Press takes a look Wednesday at the business news networks coverage of the current economic crisis and whether CNBC and Fox Business Network have become too much of the story. Bauder writes, “CNBC, which says it is running an investor-driven network rather than a general business news channel, has consciously […]
Debate among busines journalists about the word "crash"
Ellen Simon of the Associated Press reports that business journalists are being cautious about using the word “crash” to describe what’s going on in the stock market. Simon writes, “CNBC host Dylan Ratigan was among those uttering the word on Thursday, calling the decline ‘a cascading crash.’ The Wall Street Journal, the most influential publication […]
AP too negative with GDP report
Hal Morris, writing on his Grumpy Editor blog, takes issue with the Associated Press story about the latest Gross Domestic Product statistics, noting that it’s too negative for what the numbers show. Morris writes, “In reporting the GDP gain in a lengthy piece, Washington-based AP economics writer Jeannine Aversa promptly gave it a negative twist by inserting […]
Tax Foundation: AP story on corporate taxes lacks understanding
The Tax Foundation has put out a news release noting some errors related to understanding corporate income tax in an Associated Press story. The Tax Foundation states, “An AP article today on the GAO’s new report on corporate tax liabilities contains a serious error that undermines the story’s thesis. “The AP reported that, according to […]
WSJ lifestyle magazine to rely on luxury ads
Jeremy Herron of the Associated Press writes Wednesday about the new magazine, WSJ., being launched by The Wall Stret Journal. Herron writes, “‘Going after affluent readers and trying to attract luxury advertisers isn’t exactly a unique strategy,’ said Mike Simonton, a media analyst at Fitch Ratings, a credit analysis agency. “But he questions whether that […]
Reporting on Yahoo! earnings missed the mark
TheStreet.com media critic Marek Fuchs writes that the stories about Yahoo’s earnings were off the mark in reporting that the results weren’t as bad as expected. Fuchs writes, “The Business Press Maven is trying to wrap his head around this one: Yahoo! missed expectations, and yet it didn’t. Or, rather, the company missed one set […]
More details from AP's biz desk revamp
New Associated Press business editor Hal Ritter sent an e-mail to the staff earlier this week in which he discussed the overhaul where the wire service will focus on 12 core beats. Here are some additional details of the reorganization, per Ritter’s e-mail: “All domestic reporters will be on one of 12 core beats. International […]
