Kodak given benefit of the doubt — again
TheStreet.com media critic Marek Fuchs wonders why business journalists have continued to give Kodak positive coverage despite its problems. Fuchs wrote, “Are a lot of journalists photo buffs and sentimental fools for Kodak? It sure looked that way, because, as I catalogued, tons of headlines ran about Kodak swinging to a profit as more sales […]
Biz media help oust Merrill Lynch CEO
Jack Flack writes on the Conde Nast Portfolio web site that the business media has been used to help force out Merrill Lynch CEO Stan O’Neal, who is expected to resign soon. Flack wrote, “While some lauded the NYT’s Wachovia scoop, the story was undoubtedly delivered into the laps of Jenny Anderson and Landon Thomas […]
FCC commissioner requests inquiry into News Corp. acquisition of Dow Jones
Federal Communications Commissioner Michael Copps is asking the chairman to open an inquiry into News Corp.’s $5.6 billion proposed acquisition of Dow Jones & Co., the parent of The Wall Street Journal, Marketwatch and Barron’s, writes John Eggerton of Broadcasting & Cable. Eggerton wrote, “Saying this was unprecedented in the history of the FCC, Copps […]
Crovitz bullish about Dow Jones online properties
Wall Street Journal publisher Gordon Crovitz and Dow Jones & Co. CEO Rich Zannino talked on the company’s earnings conference call Thursday about the potential that exists with its online web sites. Crovitz said, “As we said, we will soon hit a million paying subscribers to the Online Journal. Barron’s Online, at well over 100,000, […]
Worker fired for talking to newspaper
Andrea James of the Seattle Post-Intelligencer reports that a Boeing Co. employee has been fired for talking to the newspaper for a business section story that appeared earlier this year. James wrote, “The company told Nicholas Tides in the past week that he was being investigated and was not allowed to discuss allegations against him […]
FCC commissioner expresses concern about Dow Jones deal
Corey Boles of The Wall Street Journal writes Friday that Federal Communications Commissioner Michael Copps has expressed concern about the pending acquisition of Dow Jones & Co., the paent of The Journal, Barron’s and Marketwatch, by News Corp. CEO Rupert Murdoch. Boles wrote, “He expressed concerns over the impact on diversity in both the New York […]
The problem with stock market coverage
TheStreet.com’s Marek Fuchs writes Saturday about how the business media tends to make big conclusions about why the stock market is moving every day even though the moves aren’t that big. Fuchs wrote, “We’ve been through this before, but it bears repeating. The business media, unlike the world at large, operates under the assumption that […]
Dow Jones and union close to agreement
Richard Perez-Pena of The New York Times writes Friday that the union representing business journalists at The Wall Street Journal, Barron’s and Marketwatch is close to an agreement with parent company Dow Jones & Co., on a new contract. Perez-Pena wrote, “The board of the union, the Independent Association of Publishers’ Employees, is scheduled to […]
Job cuts at Wall Street Journal a possibility after deal closes
Aline van Duyn of The Financial Times writes Tuesday that Dow Jones & Co. CEO Richard Zannino intimated that job cuts may occur at The Wall Street Journal after the company is purchased by News Corp. Van Duyn wrote, “In a letter to employees of Dow Jones, publisher of the Wall Street Journal, Mr Zannino […]
Is WSJ headed for a strike?
Joe Strupp of Editor & Publisher writes Monday that many journalists at The Wall Street Journal want the union that represents them to consider a strike in the wake of unacceptable offers from management. Strupp wrote, “Jim Browning, head of bargaining for the Independent Association of Publishers’ Employees, which represents some 2,000 Dow Jones employees, […]
