Murdoch making his mark on WSJ
Richard Perez-Pena of The New York Times writes Wednesday that News Corp. CEO Rupert Murdoch is already pushing Wall Street Journal editors for shorter articles and more hard news and has personally wooed reporters he wants to keep out of his competitors’ hands — even though his deal to acquire the business newspaper’s parent won’t officially […]
Biz media coverage of CEOs helps boost their pay
Media coverage of a CEO in a major business publication boosts the executive’s salary by as much as $1.4 million in part because that coverage affects outside directors evaluate the CEO, according to a study from the University of Colorado at Boulder Leeds School of Business released Monday. The Sarbanes-Oxley Act of 2002 resulted in more […]
Target's earnings disappointment coverage also misses expectations
TheStreet.com media critic Marek Fuchs writes Wednesday that coverage of retailer Target’s disappointing earnings also missed expectations because they failed to take into account that the Minnesota-based company had already lowered its expectations — and still missed the new projections. Fuchs wrote, “Unfortunately for investors, the business media almost always simply compares results with consensus […]
WSJ posts best ad revenue month in seven years
The following memo from Dow Jones & Co. CEO Richard Zannino was distributed within the company on Monday: “Dear friends and colleagues: “Everyday we see more evidence of the success of our efforts. The latest is a strong month of October where we posted a 23% increase in our total revenue. This included strong growth […]
Dow Jones renews distribution deal with Reuters
Dow Jones & Co. announced Monday the renewal of its global contract with Reuters to deliver Dow Jones news to mutual customers via Reuters terminals. Terms were not disclosed. Dow Jones news feeds, streamed on the terminals of its partners, deliver news and information services on everything that affects companies and markets, while helping financial […]
Dow Jones deal most important acquisition for News Corp.
News Corp. CEO Rupert Murdoch gave an interview to The Australian newspaper in which he called the acquisition of Dow Jones & Co., the parent of The Wall Street Journal, the most important deal the company has ever done. John Durie wrote, “‘The first job would be to improve the paper (The Wall Street Journal) […]
CEO: Media contributes to housing woes
Floyd Norris of the New York Times writes Friday that Toll Brothers CEO Robert Toll blamed the media on a conference call for the poor sales for his homebuilding company. Norris wrote, “‘Perhaps as the presidential campaign heats up and moves to the front page, negative articles about housing will move off the front page,’ he […]
Experts question News Corp. choice for Bancroft board member
Martha Graybow of Reuters writes Wednesday that corporate governance experts are wondering what News Corp. was thinking when it picked a 27-year-old opera singer to represent the Bancroft family on its board after it closes its deal to acquire Dow Jones & Co., the parent of The Wall Street Journal, which the Bancrofts control. Graybow […]
After mortgage write-offs, Citi still pushing them
Hal Morris, writing on his Grumpy Editor blog, notes that bank Citigroup hasn’t learned its lesson from its negative coverage in the business press in recent days related to its mortgage portfolio problems. Morris wrote, “But the current Citi home equity pitch via e-mail headlines ‘Lower your monthly payments’ and ‘Use equity to invest in […]
Bank stories all lame
TheStreet.com media critic Marek Fuchs isn’t too happy with the recent media coverage of the woes at banks. Fuchs wrote, “Writing and reporting on Wall Street firms in these troubled recent days have generally fallen into one of several categories — all lame. But understanding the categories, by looking at those we have seen and […]
