New York Times wins three Loebs; Sloan wins his seventh
The New York Times on Monday received three Loeb Awards, considered the Pulitzer Prices in business journalism, while Fortune magazine’s Allan Sloan won his seventh Loeb Award. Sloan won in the commentary category for a column called “Piece of Junk.” The judges stated, “Of the countless stories about the subprime crisis, this piece stood out […]
Biz media turn on Lehman Brothers
The Deal executive editor Yvette Kantrow writes about how some business journalists such as Fortune managing editor Andy Serwer are dealing with writing fawning stories about Lehman Brothers in recent years now that the investment bank has troubles. Kantrow writes, “Part of ‘Fuld’s magic,’ Serwer explained, was ‘to ignore doomsday predictions that Lehman was too […]
More departures from Fortune named
Keith Kelly of the New York Post has more names of the business journalists who are leaving Fortune magazine as it slims its staff ranks. Kelly writes, “In addition to the already disclosed Cait Murphy, an assistant managing editor with more than a decade of service, the list includes Paul Sloan, originally one of the […]
Fortune AME and staff writer are out
FishbowlNY co-editor Noah Davis is reporting that Fortune assistant managing editor Cait Murphy and staff writer Matthew Boyle have been let go from the magazine. Davis writes, “Murphy has been at the magazine since 1998. Before that, she served as social policy correspondent and environment and energy corespondent at The Economist and editorial page editor […]
Staffers to write for both Time and Fortune
A memo from Fortune managing editor Andy Serwer and Time managing editor Rick Stengel posted on the Romenesko site announces that Peter Gumbel and Bill Powell will write for the business magazine and sister publication Time going forward. Serwer and Stengel write, “Peter and Bill know the two magazines intimately, having worked for both as […]
This just in: Bancrofts were idiots in selling WSJ to Murdoch
Fortune senior writer Devin Leonard writes Wednesday that Rupert Murdoch’s end around the special committee designed to protect The Wall Street Journal from his interference by getting Robert Thomson named editor of the paper shows just how naive the Bancrofts were to sell the paper to him. Leonard writes, “As the Brauchli-Thomson switch shows, Murdoch […]
Longest story ever published in Fast Company is in June issue
Well-known business journalist Richard Behar‘s opus in the June issue of Fast Company about China’s growing economic influence in Africa is long, really long. So long that it’s the longest article ever published by the magazine at 18,700 words. It’s broken up into six parts — and 24 pages — to make it more palatable. […]
Fortune looking to trim staff
Stephanie Smith of Women’s Wear Daily reports Tuesday that Fortune magazine is seeking volunteers to take a buyout so that it can trim its staff. Smith writes, “Managing editor Andy Serwer sent a memo to staffers Monday morning asking for volunteers among its senior writers, writers and writer/reporters to take severance packages. Sources close to […]
Matters named Fortune's executive editor
Fortune magazine named Craig Matters as its executive editor on Monday, according to an announcement. Matters will lead Fortune.com and helping to oversee technology and investing coverage. He replaces Josh Quittner, who went to Time. Matters will work with both print and online writers to increase Fortune’s technology and investing coverage in the magazine and […]
Bethany McLean leaving Fortune
Keith Kelly of the New York Post reports that well-known Fortune writer Bethany McLean is leaving the magazine after 13 years for a job at Gordon Carter’s Vanity Fair. Kelly writes, “Portfolio had tried to get her to jump ship a year ago when Condé Nast was launching its business magazine, but Time Inc. editor-in-chief […]
