The sensationalist WSJ
Felix Salmon of Reuters thinks that Friday’s “sensationalist” front page of The Wall Street Journal is evidence of attempts by News Corp. CEO Rupert Murdoch and the paper’s managing editor, Robert Thomson, to make the paper more political. Salmon notes that the top story on the value of the euro that implies that hedge fund […]
Smart Money deal: Why?
Zac Bissonnette of DailyFinance.com wonders why News Corp. feels the need now to acquire the 50 percent of personal finance magazine Smart Money that it doesn’t already own. Bissonnette writes, “No major layoffs on the editorial side would result from the deal, but the question you have to wonder about is this: How much could […]
What guests think of CNBC
Barry Ritholtz writes on The Big Picture about a recent lunch he had with some analysts, money managers and economists, and the conversation got around to their appearances on CNBC. Ritholtz writes, “The consensus is everyone at the table wants to do less of it. “The reasons given: -Producers try to tailor the discussion (‘Be […]
Why isn't Willard's new deal with Marketwatch.com at FoxBusiness.com?
TALKING BIZ NEWS EXCLUSIVE Earlier this week, Marketwatch.com announced that it was introducing a new investing newsletter written by Fox Business Network star Cody Willard. The question is why did Fox Business allow a business news rival, albeit one in the News Corp. family to take one of its star personalities and create a revenue-generating […]
Toyota and the auto press
Jonathan Berr of DailyFinance.com is critical of the auto industry media for heaping praise on Toyota Motor Co. in recent years when they could have been investigating the first signs of problems with its vehicles. Berr writes, “Car and Driver was hardly alone in heaping praise on Toyota. A Motor Trend video of the 2009 […]
How could NYT let Kouwe plagiarism occur?
Marketwatch.com media columnist Jon Friedman is asking that question in his column Friday, wondering how the plagiarism by New York Times business reporter Zachery Kouwe, who resigned this week, was allowed to happen. Friedman writes, “The public-relations nightmare comes at a time when the Times is trying to establish itself on the Internet. It takes […]
Why a new owner won't help BusinessWeek
Stephen Baker, a former BusinessWeek writer who was not retained when the magazine was sold to Bloomberg, writes that the magazine’s may not be helpful to its survival in the long run. Baker writes, “Bloomberg news does not make money. It is not a winning business model. It is bundled into a wildly profitable data […]
Ignore stock market reporting
Reuters blogger and market commentator Felix Salmon — who works for a company that spends a lot of time reporting about the markets — finds another reason to distrust market reporting in today’s New York Times. Salmon writes, “If you search the NYT for the phrase ‘Wall Street Follows European Markets Higher,’ you’ll find this […]
Suburban vs. downtown biz news
Bob Strasser, the publisher of the Oak Brook Business Ledger, a newspaper that serves the suburban Chicago market, writes about the differences between business news for the suburbs and business news for downtown. Strasser writes, “Things have changed in the media industry. It’s fair to say our founder’s perception about the declining trend in business […]
Cincy paper, with Toyota plant in back yard, ignoring story
Bill Sloat of The Daily Bellwether wants to know why The Cincinnati Enquirer hasn’t spent much time covering the Toyota recall although the automaker’s North American manufacturing headquarters are 15 minutes away. Sloat writes, “The Japanese carmaker’s offices in Erlanger, Ky., are about 15 minutes away from the newspaper’s offices in downtown Cincinnati. The Toyota […]
