GM and Ford get pass with car sales coverage
TheStreet.com‘s Marek Fuchs thinks the business press went too easy on the automakers Wednesday in their coverage of May sales, which were still down by double digits.
Why didn't the biz media question Dell's one-time charge?
Marek Fuchs of TheStreet.com posts a video about how business journalists didn’t question Dell’s recent one-time charge for “organization effectiveness” since it expects to take similar charges in the future.
Reporting operating earnings vs. reported earnings
Fred Voetsch writes on Seeking Alpha that some media outlets, such as CNBC and Bloomberg News, are reporting operating earnings when reported earnings is a more accurate number. Votesch writes, “CNBC has taken it upon themselves (though they certainly are not alone in this) to report operating earnings instead of reported earnings. Reported earnings are […]
CNET acquisition pays off for CBS
Michael Learmonth of Advertising Age takes a look at the acquisition of CNET by CBS one year later and finds that the deal has worked well for both sides. Learmonth writes, “One of the original hypotheses for the deal — that CBS and CNet shared very little audience overlap and, therefore, wouldn’t cannibalize each other […]
Lack of coverage of Microsoft CEO summit
Andrea James of the online Seattle Post-Intelligencer writes Friday about the lack of media attention given the Microsoft CEO Summit because the media wasn’t invited. James writes, “The event was news in itself even though no news was announced. They discussed the convergence of technology, business issues, economic trends and making the world a better place. […]
St. Pete Times biz reporter denied access to annual meeting
St. Petersburg Times business columnist Robert Trigaux writes Tuesday about how the paper’s retail reporter, Mark Albright, was denied access to the Home Shopping Network’s annual meeting. Trigaux writes, “HSN chief Mindy Grossman did telephone reporter Albright later Tuesday to try and explain the closed door policy. She said there’s no requirement to allow the media. She […]
Media partly to blame for auto industry woes
Don Pittis, a senior producer at CBC News Business in Canada, argues Friday that the media needed to have been harder on covering the auto industry in the past. Pittis writes, “Canadian reporters have no trouble asking why, if everything was so above board, former prime minister Brian Mulroney didn’t just ask for a cheque […]
Why no more coverage of Fannie Mae and Freddie Mac?
Joe Weisenthal, the editor of Clusterstock, wants to know why the business media have stopped reporting about the increasing losses at Fannie Mae and Freddie Mac. Weisenthal writes, “But the news of the quarterly loss is getting hardly any attention. Nothing here at the NYT business section, for example. Nothing at the blogs that were […]
WSJ ad revenue declines 33% in quarter
The Wall Street Journal saw a 33 percent decline in advertising revenue during the quarter, according to a story about parent company News Corp.’s results. Nat Worden of Dow Jones Newswires writes, “As for the news business, Murdoch reiterated his position that the business model has to change. ‘Even though the present situation I think […]
Dolan Media reports strong first-quarter results
Dolan Media Co., which owns a number of business newspapers, reported a large increase in first-quarter profits and revenues due to a business that helps law firms process mortgage defaults. A story on the Minneapolis/St. Paul Business Journal site states, “Minneapolis-based Dolan reported first-quarter 2009 revenue of $63.9 million, up 54 percent from $41.5 million […]
