Chicago Trib biz columnist Greising leaves for cooperative
Chicago Tribune business columnist David Greising has left the paper to join a start-up news cooperative founded by former Tribune Managing Editor James O’Shea, reports Ann Saphir of Crain’s Chicago Business. Saphir reports, “Mr. Greising, 49, adds to the star power at Mr. O’Shea’s Chicago News Cooperative, which already has on board former Tribune Managing […]
Blodget likes Bloomberg TV
Former Wall Street analyst Henry Blodget likes the changes he’s seeing on Bloomberg Television. Blodget, who has made some recent appearances on Bloomberg TV, writes, “This morning, the new Bloomberg TV held a segment (embedded below) with Doug Burns, former federal prosecutor, and Dan Colarusso, managing editor, that shows the lengths Bloomberg is going to […]
Who uncovered the hidden history of the financial crisis?
PBS ombusdman Michael Getler takes issue with a recent “Frontline” show that claims to have unearthed the hidden history behind the economic crisis. Getler writes, “It was called ‘The Warning.’ It was about the smart, courageous but unheeded former chief of the Commodity Futures Trading Commission, Brooksley Born, who warned, in the late 1990s, of […]
Fortune not dead, but bleeding heavily
Doug McIntyre writes on DailyFinance.com about the decision to change Fortune‘s publishing schedule. McIntyre writes, “Fortune published monthly until 1978, when it changed it frequency to fortnightly in order to match the publishing schedule of rival Forbes. “Business magazines enjoyed unusually high advertising page levels during most of the years from the mid-1970s through the […]
Why is Overstock.com CEO a commentator on SEC?
William K. Wolfrum wants to know why the Fox Business Network had Overstock.com CEO Patrick Byrne on one of its shows earlier this week to comment about the Galleon insider trading investigation by the SEC when his company is being investigated by the SEC as well. Wolfrum writes, “Byrne was his typical, charming self. He […]
The Drudge Report and weak dollar coverage
Eamon Javers of Politico.com writes Wednesday about the increasing coverage of the weak dollar in an unlikely place — DrudgeReport.com, where there have been 18 stories so far this month on the topic. Javers writes, “But Drudge does have the ability to put news items on the radar screen of major media outlets and political […]
The internal battle at Bloomberg
Jeff Bercovici of DailyFinance.com writes about the greater significance of Bloomberg‘s proposed acquisition of BusinessWeek — the internal machinations at Bloomberg over strategy. Bercovici writes, “But the significance of the purchase is much larger than the numbers would suggest — even if Bloomberg insiders aren’t sure yet exactly what that significance is. One thing they […]
What biz reporters can learn from failing to cover housing bubble
John Hanrahan of Nieman Watchdog writes about the lessons for reporters and editors in their failure to identify the housing bubble before it burst and created chaos and collapse in the economy. Hanrahan writes, “With rare exceptions, the press, too, ignored the issue, taking their cue from Greenspan’s statements that rational, explainable market forces were […]
Fox Business needs to stick to biz news
Inside Cable News 2.0 ponders the question as to why Fox Business Network broke away from business news to show coverage of the Colorado balloon boy. ICN 2.0 writes, “In the last hour of the market day when trading is going on FBN’s business viewers get to watch video of a hot air balloon flying […]
Bruce Wasserstein and The Daily Deal
Robert Teitelman, editor of The Deal, remembers investment banker Bruce Wasserstein, who was the driving force behind the publication’s creation and died earlier this week. Teitelman writes, “He was never a meddler in editorial matters. He never slipped us scoops, gave us tips or leaks (sometimes I thought: too bad). In the early days, when […]
