FT journalists ask Nikkei to guarantee independence
More than 200 Financial Times journalists have backed a call asking the newspaper’s new owners, Nikkei, to guarantee its editorial independence, reports Roy Greenslade of The Guardian. Guardian writes, “They have signed a letter requesting that executives of the Japanese company meet senior FT staff and representatives of the National Union of Journalists to discuss their […]
FT to publish paid posts
The Financial Times is revamping its approach to branded content, with the aim of giving advertisers more options, writes Jessica Davies of Digiday. Davies writes, “The publisher is uniting its existing content marketing packages and launching a sponsored content offering ‘paid posts,’ under a newly branded unit, FT Squared, dedicated to these kinds of advertiser partnerships. “‘We’re launching Squared and paid […]
Murray Energy sues Bloomberg over information leak
Murray Energy Corp. is suing Bloomberg LP over a claim that a Bloomberg Business report published in August was part of a “conspiracy to breach [a] confidentiality agreement” and publicized trade secret information about the coal miner, reports Taylor Kuykendall of SNL Financial. Kuykendall writes, “The article is related to a report in which Bloomberg […]
Vanguard fires employee who spoke to TheStreet journalist
The Vanguard Group, the world’s largest mutual fund company, fired a whistle blower who shared information with TheStreet about deficiencies in the company’s customer account security, according to a story. Susan Antilla of TheStreet writes, “According to the public database of stockbroker records kept by The Financial Industry Regulatory Authority, or FINRA, Karen Brock, a client relationship […]
Stock market coverage shows upper-class bias
Sean McElwee writes for Talking Points Memo that an upper-class bias exists in how the media cover the stock market. McElwee writes, “One psychological bias humans suffer from is the ‘availability heuristic’ — a tendency to generalize based on our immediate surroundings. It crops up in numerous ways: If you live in New York City, […]
WSJ releases statement about senior reporter Fassihi
This statement was released by The Wall Street Journal on Aug. 19. 2015: Recent allegations in some government-run Iranian media outlets that Wall Street Journal senior reporter Farnaz Fassihi was a link between the U.S. government and the opposition are completely false, outlandish and irresponsible. These allegations appear to be based on a Forbes opinion […]
Financial journalism “captured” by elite sources
A new study suggests financial journalism has been “captured” by a small coterie of elite sources. The study was conducted by Sophie Knowles from the University of the Arts London, Gail Phillips from Murdoch University and Johan Lidberg from Monash University. A summary of the study on The Conversation notes: To answer these questions, we conducted a comparative and longitudinal study of mainstream financial journalism […]
Executive fired after trying to obtain manuscript of book
A HubSpot executive has been fired for violating the company’s code of ethics after he tried to obtain a manuscript of a book about the company written by tech journalist Dan Lyons. A Boston Globe story states, “The Cambridge marketing firm has not publicly identified the writer whose manuscript Volpe allegedly tried to obtain, but […]
Trump criticizes Bloomberg’s coverage of his net worth
Republican presidential candidate Donald Trump criticized Bloomberg News’ coverage that estimated his net worth at $2.9 billion, not the $10 billion figure he has used, reports David Martosko of The Daily Mail. Martosko reports, “‘I’m worth MUCH more than $10 billion,’ a confident Trump told DailyMail.com on Wednesday in his Manhattan office. “‘They did it […]
Biz reporter jobs and the threat from machines
Earnings season is here, along with two “threats” facing business journalists’ jobs. For those not in the biz, earnings season is the roughly three-week period when most of the S&P 500 companies reveal their quarterly results. For wire services and major business news outlets, it’s a massive shoveling exercise. Just to add sweat the exercise […]
