Fed needs to tighten policies in the wake of media leaks
The Federal Reserve needs to improve the way it handles the release of sensitive information generated by its board of directors and policy-setting committee in the aftermath of media leaks, according to an Inspector General report, writes Kate Davidson of The Wall Street Journal. Davidson writes, “The Fed routinely shares such releases with news media […]
Verge deputy editor worked at Apple at the same time
The Verge editor in chief Nilay Patel writes about former deputy editor Chris Ziegler, who accepted a job at Apple this summer and continued to work at the tech site while holding his new position. Patel writes, “Chris began working for Apple in July, but didn’t tell anyone at The Verge that he’d taken a new job until […]
Newsletter publisher to pay $1.5 million for defrauding subscribers
A California-based stock newsletter company has agreed to pay $1.5 million fines for defrauding its subscribers, the Securities and Exchange Commission announced. According to the SEC’s complaint, Manuel E. Jesus and his newsletter company Wealthpire Inc. used advertising materials and websites touting him as “the untutored prodigy of stock investing” under the alias Manny Backus. […]
Blurring the line between advertising and editorial at Entrepreneur
Sapna Maheshwari of the New York Times writes about how a recent article on Entrepreneur magazine’s website carried an ad for a lending company that has a partnership with the magazine. Maheshwari writes, “Last month, Entrepreneur Media introduced Entrepreneur Lending, which allows it to profit as it directs readers to short-term, high-rate loans from CAN Capital. It added […]
Behind The Street’s “coverage” of a penny stock
Keith Larsen and Rick Rothacker of The Charlotte Observer write about articles that appear on TheStreet.com about a Charlotte-based start-up that makes action cameras. Larsen and Rothacker write, “Those articles were written by Adam Heimann, a principal at Midam Ventures LLC. That’s the investor relations firm that has an agreement with Life Clips to run […]
St. Louis Biz Journal criticized for posing business women with their shoes
The St. Louis Business Journal is being criticized for profiling the city’s 25 “Most Influential Business Women” in a photo gallery that shows each with a pair of shoes, writes Kate Irby of McClatchy. Irby writes, “‘We asked this year’s class of Most Influential Business Women to tell us about the pair of shoes that best describes them, and […]
Covering Silicon Valley is perilous and fraught with issues
Adrienne LaFrance writes for Nieman Reports about the issues covering tech companies in Silicon Valley. LaFrance writes, “The first time I visited Facebook’s office in Washington, D.C., I was asked to sign a nondisclosure agreement. I didn’t. “Then there was the time I got through an entire interview with a product manager at Apple, only to […]
Company sues ex-worker for providing info to Bloomberg reporter
WeWork Companies Inc. has filed a lawsuit against a former employee who gave company financial information to a Bloomberg News reporter. Herbert Lash of Reuters writes, “In a complaint filed late on Friday with the New York Supreme Court for Manhattan, WeWork accused Joanna Strange, who was fired June 10, of unlawful access to its computers […]
You don’t argue with biz media who buy ink by the barrel
Example No. 8,791 of a company CEO who doesn’t like how his business is reported on in the business media occurred this week when Fortune reported several stories about Elon Musk’s Tesla Motors. The first story was when business journalism legend Carol Loomis reported that Tesla didn’t report in a timely fashion to its shareholders that one […]
Technical glitch results in problems for media reporting Fed minutes
The Federal Reserve Board issued the following statement on Wednesday: A technical error occurred Wednesday during the media lock-up for the release of the minutes of the June meeting of the Federal Open Market Committee. As a result of the error in the use of the Federal Reserve equipment that cuts off and enables electronic […]
