CBS buys web finance site Wallstrip
CBS has bought Wallstrip, an online company whose Web site mixes finance with humor, to add to its daily financial news Web broadcast, according to a Bloomberg story. The terms of the deal were not disclosed. The story stated, “Wallstrip, which also produces blogs about financial news, will retain a separate identity, CBS said in […]
Apple iPhone story should have been stopped
Jonathan Berr, writing on the BloggingStocks.com web site, says that the story Wednesday about Apple delaying the launch of its iPhone, which turned out to be false, was one of the oddest he’s seen in business journalism. Berr wrote, “From the start, there were plenty of red flags. “Firstly, why would a company whose obsession with […]
Is Forbes.com losing staffers due to page view pressure?
Michael Calderone of the New York Observer writes Wednesday that nine staff writers from Forbes.com have recently left, and as many as 50 in the last two years have left, due to what some former staff members call an increasing pressure on increasing page views. Forbes.com Jim Spanfeller said that he wasn’t happy about the […]
Critics misguided for slamming WSJ's Steiger
TheDeal.com executive editor Yvette Kantrow wonders what was behind a New York Times story earlier this week that wrote about the fact that Wall Street Journal managing editor Paul Steiger knew that News Corp. had made a $5 billion offer for the Journal’s parent company Dow Jones & Co. but didn’t disclose it to journalists […]
WSJ's Mossberg can make or break tech products
Ken Auletta of The New Yorker profiles The Wall Street Journal’s Walter Mossberg, considered to be the best, and most powerful, tech writer in business journalism. Auletta wrote, “In 1992, he began championing the Internet service provider America Online for its simplicity, calling it far superior to its competitors, CompuServe and Prodigy; his persistent criticism […]
Longest market bull run in 80 years ignored by media
Tom Blumer writes on the NewsBusters web site that except for a story on CNNMoney.com, the financial press has ignored the longest bull run in 80 years for the stock market. Blumer wrote, “The pervasive lack of coverage is stunning. Two Google News searches (on ‘since 1927‘ [not in quotes] and ‘80 years,’ [in quotes]) […]
Financial news = lucrative product
Aaron Patrick, Jason Singer and Stephanie Kang wrote in Saturday’s Wall Street Journal about the Reuters/Thomson talks and how that potential merger is indicative of the importance of financial news and information on today’s society. They wrote, “The burst of takeover activity shows that as more and more general news becomes available free online, financial information — […]
Upheaval in financial news
Steve Lohr of the New York Times writes Saturday that News Corp.’s office to buy Dow Jones & Co. for $5 billion plus Thomson’s overtures to Reuters Group Plc signal massive upheaval in the financial news business. Lohr wrote, “Financial news and information, they say, has a growing worldwide audience, and that affluent community is […]
Trophy business at Dow Jones is online
Fortune senior editor David Kirkpatrick writes that the voluminous coverage of News Corp.’s proposed $5 billion offer for Dow Jones & Co. virtually ignores what he considers the company’s trophy business. It’s not The Wall Street Journal, Barron’s or Marketwatch, but the online operations. Kirkpatrick wrote, “Of course, Murdoch knows how to run papers as […]
Cramer: Dow Jones board should take bid or resign
TheStreet.com’s Jim Cramer writes Thursday morning that the Dow Jones & Co. outside board members are all current or former executives of other companies who know something about creating shareholder value and thus should take the $5 billion offer from News Corp. to sell the owner of The Wall Street Journal, Barron’s and Marketwatch. Cramer […]
