Bid for Dow Jones is marketing coup for Fox Business Channel
Marketwatch media columnist Jon Friedman writes Wednesday that the News Corp. $5 billion offer for Dow Jones & Co. is a marketing coup for its upcoming Fox Business Channel cable station because it creates awareness about business journalism. News Corp. would like to use editorial content from Dow Jones properties such as The Wall Street […]
Fierce lobbying among Bancroft factions
Dennis Berman and Sarah Ellison of The Wall Street Journal write in a second story Wednesday that there has been serious lobbying within the Bancroft family that controls parent company Dow Jones & Co. about whether to support or reject the $5 billion offer from News Corp. They wrote, “Even so, a company statement late […]
GE could enter bidding for Dow Jones
Russ Britt, the Los Angeles bureau chief for Marketwatch, writes Tuesday that General Electric Co. might be forced to make an offer for Dow Jones & Co., to prevent rival News Corp. from buying the owner of The Wall Street Journal, Marketwatch and Barron’s. GE is the parent company of NBC and business news cable […]
Does the NYTimes owe CNBC an apology?
Dealbreaker.com’s John Carney wonders if Andrew Ross Sorkin of the New York Times owes Charles Gasparino of CNBC an apology. If you remember, Sorkin shot down Gasparino’s reporting earlier this month that Apollo was thinking about an initial public offering. Carney wrote, “As the story progressed it seemed that Sorkin was at least half-right. Reports […]
Jim Cramer's 2006 comp: $2.4 million
“Mad Money” host Jim Cramer made more than $2.4 million in 2006 from his base salary from TheStreet.com, his share of a radio talent fee for his now-defunct radio show and exercising stock options from the online business news company he helped start. TheStreet.com’s proxy was released on Monday. It stated, “In consideration for providing […]
Bartiromo's new townhome: $6.5 million
Max Abelson of the New York Observer writes that CNBC anchor Maria Bartiromo and her husband Jonathan Steinberg have purchased a new townhome on the East Side for a cool $6.5 million. Abelson wrote, “The five-bedroom house, east of Third Avenue, has a second-floor balcony overlooking the 39-foot-long backyard garden, plus a two-camera security system […]
New 30 under 30 named
NewsBios announced the 2007 NewsBios 30 Under 30 Award recipients. This select group of journalists showcases up-and-coming business and financial reporters and editors. NewsBios first honored young journalists for their exceptional work in 1987 and has since bestowed the awards in 18 of the past 20 years. (The awards were not issued in either 2005 […]
Cramer's popularity due to shtick, not stock picks
Lia Miller writes in the New York Times that viewers of CNBC’s Mad Money” show featuring Jim Cramer are more attracted to it to watch his antics than to get good investment advice — and for good reason. A negative stock pick last week by Cramer had investors howling. Miller wrote, “Even so, some people […]
The Money Queens and their misguided influence
Anita Hamilton of Time magazine takes a look in the latest issue of female personal finance journalists such as CNBC’s Suze Orman and frequent Time contributer Jean Chatzky, who is Money magazine’s editor at large, and how they convince women to change their spending ways. Hamilton observes that many of these personal finance writers are […]
Apollo IPO: Who is right, and who is wrong?
Dealbreaker’s John Carney has an interesting take on the reported news about Apollo Management planning an initial public offering in a post Wednesday. Apparently some business journalists are getting played by their sources, he believes. The whole thing started Tuesday when CNBC reported that the IPO was imminent. The Wall Street Journal and the New […]
