AP story on Domino's earnings lacking meat
TheStreet.com media critic Marek Fuchs writes Wednesday that an Associated Press story on Domino’s first-quarter earnings missed the bigger story at the pizza chain. Fuchs writes, “Look at this headline, which ran Tuesday night: ‘Domino’s Pizza shares up after company reports 1Q profit.’ The AP began its lead with the same claim before launching into […]
GE coverage exposes risk in writing about earnings before they happen
TheStreet.com media critic Marek Fuchs writes Saturday about all of the pre-coverage of General Electric Co.’s earnings that noted how the conglomerate was expected to report a profit increase. Oops. GE reported a decline. Fuchs wrote, “The business media raised false expectations for results that were — shockingly — ruined by their financial service business. “All […]
Biz editors defend mortgage crisis coverage
Joe Strupp of Editor & Publisher writes Tuesday that business editors at newspapers across the country believe they have done a good job at covering the mortgage crisis and warning readers before it hit. Strupp wrote, “Chuck Hawkins, deputy business editor for the Associated Press — which provided such coverage for hundreds of newspapers — […]
Forbes to begin financial blog network
Forbes.com announced Monday the creation of a business and finance blog network, comprised of a community of pre-screened business and financial blogs. The blog network’s content will focus on senior business decision makers and high-net-worth investors. Topics will be relevant to the banking, trading, hedge fund management, affluent investing, and senior business decision-making communities. Participation […]
Dow Jones drops AP, adds Agence France-Presse
Dow Jones & Co. announced Tuesday an agreement for Dow Jones Newswires to distribute editorial content from Agence France-Presse while it will stop distributing content from the Associated Press. The company also announced plans to expand its global editorial staff. These changes are part of Dow Jones’s broader strategy to invest in its global financial news […]
AP business editor leaving
Kevin Noblet, business editor for The Associated Press, is leaving the wire service at the end of next week. He had been in that position since 2004 and has worked for AP for more than 27 years. Noblet would not disclose his next job. A replacement has not been named, but deputy business editor Chuck […]
Biz journalist conference call on exec pay held
A panel of expert journalists and a compensation consultant gave more than 100 business reporters useful advice on how to figure out CEO pay, pensions and severance in a training teleconference Wednesday sponsored by the Society of American Business Editors and Writers. The 90-minute conference, accompanied by a Web-based presentation of key points and sample […]
The AP and the R word
Hal Morris, writing on his Grumpy Editor blog, complains that the Associated Press is emphasizing the prospect of a recession too much in its coverage. Morris wrote, AP writer Martin “Crutsinger pulled information from a National Association for Business Economics survey of 49 economists in declaring, ‘Because of all the bad news, more and more […]
The biz media hates the market
TheStreet.com media critic Marek Fuchs writes Monday that the business media’s recent negativity toward the economy signals that the stock market might have hit a bottom. Fuchs wrote, “The Business Press Maven is not one to call short-term trading moves, but conventional wisdom is always reflected in the price of stocks. And the business media […]
Critic: AP emphasizes negativity in housing reports
Tom Blumer writes on the NewsBusters site that the Associated Press seems to always accentuate the negative in the National Association of Realtors report on the housing market. Blumer wrote, “Granted, the National Association of Realtors (NAR) is a trade organization which will, as trade organizations do, try to put the best face on a bad […]
