TheStreet.com posts loss, revenue drops
TheStreet.com reported a first-quarter loss after posting a profit in the same quarter a year ago and said its revenues fell. A story on the financial news site stated, “For the first quarter ended March 31, total revenue was $14 million, down from $18.9 million in the same quarter of 2008. “TheStreet.com reported a loss […]
Media don't cover innovation well
Journalism needs to do a better job of covering innovation, argues David Nordfors, director of the VINNOVA Research Center of Innovation Journalism at Stanford University, in an interview on EurActiv. Here is an excerpt: Are traditional newsrooms equipped to cover innovation? Journalism is no different to other professions and organisations in society. Large organisations tend to […]
Financial Times results strengthen
Paul MacNally of the Press Gazette in London writes that Pearson’s first-quarter results show that it is continuing to grow its content, subscription and digital revenues at the Financial Times despite the tough economic conditions. MacNally writes, “The FT increased its cover price from £1.80 to £2 last month. The paper’s price has risen steadily […]
Claman of Fox Biz prepares for Buffett coverage
TALKING BIZ NEWS EXCLUSIVE When Fox Business Network anchor Liz Claman made her debut on the network in October 2007, her first interview was with legendary investor Warren Buffett, CEO of Berkshire Hathaway Inc. Claman, a former CNBC anchor, has since interviewed Buffett a number of times on the air and will go to Omaha, Neb., […]
WSJ stands by Lockheed Martin story
Jim Wolf of Reuters is reporting that The Wall Street Journal is standing by a story that the Pentagon and Lockheed Martin are now denying that stated that information about a fighter plane had been stolen by cyber spies. Wolf writes, “Lockheed Martin, the primary contractor, said, ‘We actually believe the Wall Street Journal was […]
Claman: Fox Business has a broader view of business news
Kristin Fritz of Wowowow.com interviewed Fox Business Network anchor Liz Claman about her career and her personal life, and came away with some interesting insights about how the channel covers business. Claman comments about why she joined the network and how she’s pleased that Fox Business covers small-business stories, not just publicly traded companies (“Commerce is happening and if all […]
NYT biz coverage of NYT lacking
Yvette Kantrow, the executive editor of The Deal, takes a shot at the New York Times business section coverage of the parent company’s announcement that it might close the Boston Globe. Kantrow writes, “The Times story wasn’t only brief and buried; it was completely anodyne and carried an obligatory ‘no comment’ from Times chairman Arthur […]
Thomson Reuters predicts terminal decline
Luke Jeffs of Financial News reports that Thomson Reuters, the parent company of the Reuters news service, is predicting a decline in revenue from its desktop terminals in 2009. Jeffs writes, “In its annual report published yesterday, it said: ‘A significant level of job losses has occurred across the financial services industry, with some areas […]
SMU journalism Web site launches business news portal
The Daily Mustang, a student-run website produced out of the journalism division at Southern Methodist University as part of its convergence newsroom, launched Wednesday a business news section to its Web site. The section, called “Dollars and Sense,” is produced by SMU students as part of the William J. O’Neil Program in Business Journalism. Its business coverage […]
Biz news coverage sleeps in Seattle
Bruce Ramsey, an editorial writer for the Seattle Times, reflects on his days as a business reporter at the Seattle Post-Intelligencer, which published its final edition Tuesday, and how business news coverage has changed in the city. Ramsey writes, “Most of my time at the P-I was in the business section. In the late 1980s, […]
