Saudi prince has spent $2.2 million fighting Forbes
One of the world’s richest men, Prince Alwaleed bin Talal of Saudi Arabia, has spent $2.2 million in legal fees so far fighting a libel battle with the business magazine Forbes, reports Jane Croft of The Financial Times. Croft writes, “Andrew Caldecott QC, representing Forbes, alleged to the court that part of his client’s case […]
Former CBS reporter alleges network killed stories about advertisers
Erik Wemple of The Washington Post writes that former CBS News reporter Sharyl Attkisson’s new book claims that the network suppressed stories about corporate partners. Wemple writes, “Perhaps the most spectacular allegation against Attkisson’s former employer relates to influence by corporate interests on the news product. The way Attkisson tells it, a script that she’d […]
WaPo’s Pearlstein didn’t intend to disparage TheStreet’s Feuerstein
Washington Post business columnist Steven Pearlstein has sent the following letter to TheStreet.com editor in chief Janet Guyon in the wake of his Sept. 27 column that was critical of TheStreet reporter Adam Feuerstein: Dear Janet and Adam, I understand from your letter, which was posted on your website, that you read my Sept. 27 […]
Forbes.com axes other contributors
Brett Arends, a columnist for Marketwatch.com who had been contributing to Forbes.com, posted the following on his Facebook page: I am sorry to report that I have been axed by Forbes in the fallout over Bill Frezza’s incompetent article about college fraternities last week. Yes, I know what some of you are going to say. […]
MarketWatch.com editor bans photos of traders on stock market floor
Jeremy Olshan, the editor of Marketwatch.com, has banned photos of traders on the stock market floor from the financial news website, noting that they’re no longer a true reflection of how the market works. Olshan writes, “The Big Board is now little more than a Big Tent for a phony media circus of photo-ops and […]
Company complains reporter only uses 5 percent of its responses
Privately held Koch Industries is contesting the accuracy of a Rolling Stone article about its pollution record, but the journalist who wrote the article is standing by its content, reports Daniel McCoy of the Wichita Business Journal. McCoy writes, “Koch’s take going in was that the article would be slanted, which the company concluded turned […]
TheStreet.com seeks retraction from Washington Post
On Sept. 27, the Washington Post published a column attacking the integrity of TheStreet’s biotech coverage and reporter, Adam Feuerstein. TheStreet has requested a retraction. Below is our letter to the Post’s editor: To the editor, In Northwest Biotherapeutics Stock Woes Highlight the Harm of Short Sales, Steven Pearlstein insinuates that one of TheStreet’s veteran […]
LA Times biz columnist defends TheStreet reporter
Los Angeles Times business columnist Michael Hiltzik comes to the defense Tuesday of TheStreet.com reporter Adam Feuerstein, who was accused during the weekend by Washington Post business columnist Steven Pearlstein of colluding with short sellers to bring down a biotech stock. Hiltzik writes, “Pearlstein also states that the posts ‘curiously have also coincided with the […]
TheStreet.com reporter accused of colluding with shorts
Steven Pearlstein, a Pulitzer Prize-winning business columnist for The Washington Post, writes about TheStreet.com biotech reporter Adam Feuerstein and what he believes is overly negative coverage about a biotech company. Pearlstein writes, “Or consider Feuerstein’s posts in May and June concerning a presentation by Northwest Bio’s chief executive, Linda Powers, at the big annual cancer […]
Frankie Flack: Hey journalists, you blur the lines too
Man, I feel for the guys to Status Labs, the PR firm that got outed earlier this month for trying to buy their way onto CNBC. Now, I’m not going to defend the practice of buying coverage. That’s not PR, and the news consumer gets screwed over pretty badly when she can’t tell whether her […]
