Citigroup statement reported as fact
TheStreet.com media critic Marek Fuchs writes Monday that business journalists have taken Citigroup’s statement that its earnings would return to normal next quarter hook, line and sinker. Fuchs wrote, “On this subject, mark The Business Press Maven’s abnormally brilliant words: In announcing an oceanic write-off for the third quarter and entertaining no real questions on […]
Choking on doughnut coverage
TheStreet.com’s Marek Fuchs is all choked up with how the business media took a news release from Krispy Kreme Doughnuts — a company that has disappointed in the past — and wrote stories without questioning what it said. Fuchs wrote, “With this as a backdrop, the company issued a boilerplate press release on Friday. Its headline: ‘Krispy […]
Steiger: Murdoch's ownership won't affect WSJ's China coverage
Speaking in Beijing, former Wall Street Journal managing editor Paul Steiger said that he didn’t believe that News Corp. CEO Rupert Murdoch‘s ownership of the Journal would affect its coverage of China. An Associated Press story stated, “‘My expectation is that there will be no change in our China coverage,’ Paul Steiger said in Beijing. […]
Five picked for Wall Street Journal editorial oversight board
Five people have been picked to comprise a board designed to protect the journalism published in The Wall Street Journal from interference by News Corp. CEO Rupert Murdoch, who is purchasing its parent company Dow Jones & Co. for $5 billion, writes Richard Perez-Pena of The New York Times. Perez-Pena wrote, “They are Louis D. […]
Long-time AP, Bloomberg reporter Currier dies
Chet Currier, a well-known business journalist who wrote for the Associated Press and Bloomberg News, has died at the age of 62 after battling prostate cancer, according to a Bloomberg story. William Ahearn and Mark Schoifet wrote, “At AP, he wrote the daily stock market story that, until the explosion in coverage of financial news, […]
Murdoch appears frustrated with progress of Dow Jones talks
The Associated Press is reporting that News Corp. CEO Rupert Murdoch is becoming frustrating with the lack of progress in talks to acquire Dow Jones & Co., the parent of The Wall Street Journal. An AP reporter caught up with Murdoch at the Sun Valley media conference in Idaho. The AP story stated, “Murdoch has […]
Miami deputy biz editor leaves for AP
Mary Rajkumar, the deputy business editor at The Miami Herald, will join The Associated Press as assistant international editor, working on special projects and series, according to an AP story. Rajkumer will be based in New York. The story stated, “During two years at The Herald, Rajkumar, 38, led the paper’s housing coverage and edited […]
BusinessWeek executive editor expects Murdoch to get WSJ
BusinessWeek executive editor John Byrne expects News Corp. CEO Rupert Murdoch to be successful in his bid to acquire Dow Jones & Co., the parent of The Wall Street Journal, writes Dan Caterinicchia of the Associated Press. Caterinicchia wrote, “Journal publisher Gordon Crovitz, sitting on stage with BusinessWeek’s John Byrne, refused to comment other than […]
SEC says couple bought Dow Jones stock using inside info
The Securities and Exchange Commission has charged two Hong Kong residents with purchasing $15 million worth of Dow Jones & Co. stock using inside information before it was disclosed the company had received an offer to be bought for $5 billion by News Corp., according to an AP story. Larry Neumeister wrote, “The lawsuit in […]
Paper cuts stock listings, hears from readers
The Bristol Herald Courier, the paper on the Virginia/Tennessee border, cut its stock listings last week and switched to the AP’s Money & Markets page, and heard from a number of readers, wrote managing editor Jeff Foster. Now, it’s considered making changes to appease those readers. Foster wrote, “The Associated Press launched this new Money […]
