I always hated Jimmy Stewart
Those who know me know that I am a sucker for dry and sarcastic humor, as well as parodies. I’ve always had an attraction to the music of Wierd Al Yankovic. So I am sucked in when Brian O’Connor, the money and life editor at the Detroit News, writes a spoof of the old Christmas movie […]
Hoffman: CNBC owned sub-prime mortgage coverage
CNBC president Mark Hoffman sent a message to employees on Friday in which he congratulated them on a great year and gloated about its coverage. The memo was posted on the TVNewser blog. Hoffman said, “It is impossible to mention every accomplishment in the year ending, but for starters in Business Day in the United […]
Greenspan talks, and media still reacts
Hal Morris, writing on his Grumpy Editor blog, notes that former Fed chief Alan Greenspan continues to attract media attention when he speaks, affecting the stock market, even though he’s no longer in charge of the economy. Morris wrote, “And, as usual, Wall Street analysts and others take note of his melancholy utterings. The Dow […]
Top 10 biz media myths about the economy
The Business and Media Institute released its annual list of the top 10 myths about the economy, as reported by the business media. Here is the list: 10. Airlines are solely to blame for the unfriendly skies. Media myth: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the […]
CNBC, PBS each win two Emmys for business coverage
CNBC and PBS each won two Emmys Tuesday at the Fifth Annual Emmy Awards for Business & Financial Reporting at a luncheon in New York, while networks CNN, CBS and NBC each won one award. (Photos from the luncheon can be found here.) The Emmy Awards for Business & Financial Reporting are given in seven categories and […]
Economist hopes to benefit from economic downturn
Katie Allen of The Guardian in London writes Tuesday that The Economist believes it can boost subscribers during an economic downturn. Allen wrote, “Though some advertisers warn that the credit crunch will hurt spending on marketing and therefore put pressure on media companies, Alexander sees a potential boost from the turmoil. “Asked about being able […]
Ben Stein's NYT column must be stopped, and must be stopped now
Felix Salmon of Conde Nast Portfolio writes Sunday that he’s flabbergasted that the New York Times continues to let economist/actor Ben Stein write a column in the Sunday newspaper. The worst example, he said, is today’s column. Salmon wrote, “Stein, in this column, is accusing the honest and blameless Goldman economist Jan Hatzius of much […]
TV biz journalists talking too much about recession
Amy Menefee, managing editor of The Business & Media Institute, writes Wednesday that although the Federal Reserve is predicting an economic slowdown, but not a recession, for 2008, business journalists on television can’t seem to keep themselves away from the R word. Menefee wrote, “Though TV news is famous for covering the same stories as the Times, […]
CNBC creates daily report on housing
Business news cable network CNBC announced Wednesday that it is expanding its coverage of the housing market with a daily report called “The Home Front.” A release stated, “Washington-based real estate correspondent Diana Olick, among others, will provide news and analysis affecting home buyers, sellers, owners, builders, lenders and investors. With housing prices falling in […]
Fox Business Network uses "shopper" from National Retail Federation
Michael Learmonth of Silicon Alley Insider writes Tuesday that a Fox Business Network segment on “Cyber Monday” shopping used an employee of the National Retail Federation — the industry organization designed to promote such events as “Cyber Monday” — as an example of an online shopper. Such sourcing from industry organizations is typically frowned upon […]
