Biz media gets it right with Ann Taylor
TheStreet.com media critic Marek Fuchs writes Monday that the coverage of Ann Taylor’s earnings on Friday were on the mark by ignoring the EPS and the full-year outlook — what the company wanted to play up — and instead focusing on how net income and revenue fell. Fuchs writes, “These instant analysis articles from business […]
Biz media want court to unseal antitrust case
Brent Kendall of The Wall Street Journal reports Thursday that a number of media, including the Journal and Dow Jones Newswires, have asked a judge to unseal an antitrust case between Advanced Micro Devices and Intel Corp. Kendall writes, “Also joining the request were the New York Times, the Washington Post, Situation Publishing Ltd., the […]
Barron's misses the mark on Target
TheStreet.com media critic Marek Fuchs writes Wednesday that a Barron’s story about Target Corp.’s recent earnings missed the bulls’ eye when discussing its credit card issues. Fuchs writes, “To The Wall Street Journal, representative of much of the longer-form work, credit card trouble was the first factor mentioned in the lead sentence to explain why […]
Thomson Reuters revenue growth slows
Thomson Reuters Corp., the parent company of the Reuters news service, reported that its second quarter revenue increased 11 percent to $3.4 billion, slightly slower than its growth in the first three months of the year. A Reuters story stated, “Revenue in the Markets division, which includes the Reuters and Thomson news operations as well […]
SEC ruling on how companies distribute news could impact biz news
Robert MacMillan of Reuters writes Thursday that the Securities and Exchange Commission has approved a rule that allows companies to post news and information on blogs and Web sites, skipping traditional dissemination steps like press release distributors. The change, writes MacMillan, means that Regulation Fair Disclosure could be violated. And it could cause other problems with […]
Cisco earnings coverage is short circuited
TheStreet.com media critic Marek Fuchs writes Wednesday that media coverage of Cisco’s earnings was either too positive or too negative, and both missed the real story. Fuchs writes, “In that aspect, Reuters treatment of Cisco’s earnings was not as positive as it should have been, failing to recognize the significance of the company’s beating expectations […]
TheStreet.com's earnings fall, revenue jumps 32 percent
Financial news Web site TheStreet.com reported Thursday that second-quarter revenue rose 32 percent because of more advertising, but profits fell. A story on its site stated, “For the quarter ended June 30, the New York-based financial media company reported revenue of $19.7 million, compared with $14.9 million for the year-earlier period. Net income fell to $2.3 […]
Icahn takes a shot at Wall Street Journal
Stephen Shankland of CNET News writes Friday that activist investor Carl Icahn is upset with The Wall Street Journal for its coverage of his tactics in pressuring companies. Shankland writes, “In taking The Wall Street Journal to task, Icahn argues activist shareholders are a positive force for corporate change and that the media is too […]
Time for Apple to start talking
Michael Bush of Advertising Age writes that Apple needs to start talking more to the business media now that questions are coming up about the health of its CEO and its succession planning. Bush writes, “The irony, of course, is that in the age of transparency, new media and blogs, the notoriously tight-lipped Apple is […]
Financial Times parent Pearson reports strong financial results
Pearson, the parent company of the Financial Times, reported a 26 percent increase in earnings during the first six months of the year, boosted by a strong performance at the business newspaper, reports Paul McNally. McNally writes, “Advertising revenues at the FT rose two per cent in the first half of 2008, buoyed by growth […]
