Cramer's picks still underperforming
Bill Alpert of Barron’s, which has long been a critic of “Mad Money” host Jim Cramer, takes a look at his recent picks again in its Saturday issue and determines that they’re still underperforming when compared to the overall market. Alpert writes, “Cramer’s recommendations underperform the market by most measures. From May to December of […]
Dow Jones to seek wage freeze for union newsroom workers
Dow Jones & Co., the parent of The Wall Street Journal, Dow Jones Newswires, Barron’s and Marketwatch, said Friday that it would seek a salary freeze for union-represented staff as it conducts negotiations for successor collective-bargaining agreements going forward. The measure was one of many outlined by the company in its attempts to lower its expenses in the […]
WSJ, Dow Jones continues to grow
News Corp. CEO Rupert Murdoch made the following comments about Dow Jones & Co. and The Wall Street Journal on the company’s earnings conference call Thursday. Murdoch stated, “Over the past year, the Wall Street Journal has added new pages and launched a luxury magazine that has attracted 30 new advertisers for the franchise. We […]
Barron's confesses to poor performance
Barry Ritholtz, writing on his Big Picture blog, applauds Barron’s for having the guts to admit that its stock picks have badly underperformed the stock market. Ritholtz writes, “So whenever a major media outlet fesses up for their past advice — good and bad — the rarity of the event nearly make it a cause […]
Changes made to Barron's Web staff
Barron’s announced Thursday some editorial staff changes to its Web site operation that it hopes will increase subscriptions and traffic. Randall W. Forsyth has been named editor-in-chief of Barrons.com. Forsyth, who has served as editor of the site since 2006, will continue to write his popular online column, “Up and Down Wall Street Daily,” which […]
Dow Jones freezes salaries for 2009
Patrick Gavin of FishBowlDC has posted a memo from Dow Jones & Co. CEO Les Hinton in which the owner of The Wall Street Journal, Marketwatch and Barron’s says it is freezing salaries for 2009. In the memo, Hinton states, “Therefore, as we continue to look for further cost efficiencies, I have decided to implement […]
Trying to question Madoff
Erin Arvedlund, a former Barron’s reporter, writes Wednesday for Conde Nast Portfolio about her attempts back in 2001 to question hedge fund operator Bernard Madoff, now accused of swindling $50 billion from investors. Arvedlund writes, “Every reporter encounters a big story that feels risky — that carries the risk of offending someone important, someone big, […]
Barron's acquires Winner's Circle
Barron’s magazine announced Thursday it acquired The Winner’s Circle Organization, a consulting firm based in Boca Raton, Fla., for an undisclosed price. The firm provides analysis of financial advisory practices and rankings of advisors based on assets under management, revenue generation and practice quality. “The acquisition of The Winner’s Circle Organization further strengthens Barron’s leadership […]
WSJ now providing audio for phones
The Wall Street Journal announced Wednesday the launch of an audio newscast service available by phone. Audio news reports from the Journal, as well as its sister business news media outlets Barron’s and MarketWatch.com are now available free of charge anytime, anywhere by calling 800-975-3916 from any phone, regardless of carrier, Internet access or data […]
Barron's misses the mark on Target
TheStreet.com media critic Marek Fuchs writes Wednesday that a Barron’s story about Target Corp.’s recent earnings missed the bulls’ eye when discussing its credit card issues. Fuchs writes, “To The Wall Street Journal, representative of much of the longer-form work, credit card trouble was the first factor mentioned in the lead sentence to explain why […]
