WSJ becomes the National Enquirer of business journalism
Adam Hanft of The Huffington Post writes Monday that The Wall Street Journal‘s story last week about Bear Stearns CEO James Cayne shows that the paper will become more rumor-driven like other tabloids owned by News Corp. CEO Rupert Murdoch. Hanft wrote, “What’s telling is that all the positive quotes — and there are a […]
Business media under attack
Diane Mermigas of Media Daily News writes Monday that the business media is being attacked by online sites as they try to convert to online strategies themselves. Mermigas wrote, “There are, of course, many enterprising and progressive business media players reveling in new concepts. However, time is running out for business media to seize new […]
WSJ.com reaches 1 million subscribers
The Wall Street Journal Online announced Sunday it has reached the historic 1 million mark for paid subscriptions. In addition, WSJ.com reached a record 10 million unique visitors in October (up 104 percent from a year ago) and the Wall Street Journal Digital Network, which also includes MarketWatch.com, Barron’s Online and AllThingsD.com, hit a record 20 million unique visitors […]
Tough ad market for Fox Business Network
Jonathan Berr writes on BloggingStocks.com that the Fox Business Network launch will have to swim upstream against a tough advertising market. Berr wrote, “The thing that baffles me about Fox Business Network is the timing. Advertising is one of the first areas that gets hit during economic slowdowns. I wonder whether the advertisers who flocked […]
TheStreet.com makes an acquisition
TheStreet.com has acquired Bankers Financial Products, which owns BankingMyWay and RateWatch, and is one of the nation’s largest providers of information about banks and credit unions, according to a story on its web site. The purchase price was $25 million. The story stated, “‘Adding BankingMyWay to our network is another step toward becoming the premier destination […]
The tech blog wars
Fortune magazine’s Michael Copeland writes about the battle — which has gotten extremely competitive — between technology news blogs Gizmodo and Engadget. Copeland wrote, “In less than a year the upstart eclipsed Gizmodo; in September, Engadget had just under ten million unique visitors, compared with Gizmodo’s eight million. Today venture capitalists estimate each site to be […]
NYTimes.com expands tech coverage
The New York Times is expanding its online tech coverage by adding additional content providers such as IDGMedia Brands, Blogrunner.com and PaidContent.org, according to a release on Thursday. The release stated, “The technology section fully integrates Blogrunner with a module on the section front that features frequently updated links to other sources reporting on technology, both […]
The future of traditional biz media
Sam Gustin of Conde Nast Portfolio analyzes what all the talk at the Future of Business Media conference earlier this week in New York means to business journalism. Gustin wrote, “The mood was fairly tense, because the attendees were keenly aware of the seismic changes rocking the media industry: The Internet’s inexorable grab of readers […]
Slate planning business news site
John Kublin of The New York Observer writes Wednesday that Slate is planning to launch a business news and opinion web site and has asked Dealbreaker.com founder Elizabeth Spiers and Newsweek business columnist Daniel Gross to write for it. Kublin wrote, “Slate deputy editor David Plotz told The Observer he believes there’s a clear opening […]
Who's winning the business news war for online readers?
The blue line is visitors to CNBC.com in the past 12 months. Red is WSJ.com and green is BusinessWeek.com. Go here and play around with other business news web sites. Forbes has many more visitors than these three examples. Here is a chart showing Forbes.com, Marketwatch and TheStreet.com. Forbes is in blue, while Marketwatch is […]
