Covering the auditor's role in the crisis
Francine McKenna, who writes about accounting for Going Concern, attended a recent conference at Columbia University on covering the economic crisis. McKenna writes, “The panel I came for was the lunchtime discussion between Martin Wolf, chief economics commentator at the Financial Times and Nobel laureate Joseph Stiglitz. My question to Mr. Wolf and Professor Stiglitz […]
Financial site losing subscribers due to judge's ruling
The financial site Theflyonthewall.com says that it’s losing subscribers due to a court order banning it from posting early morning summaries of banks’ stock recommendations, writes Wendy Davis of Online Media Daily. The site has asked the order be lifted while it appeals the ruling. Davis writes, “The Fly now argues that Cote should revoke the […]
Getting the business treatment
Howard Bernstein, a former TV producer, blogs about the problems with business journalism and what he would do to improve its performance. Bernstein writes, “My first proposal is that it should be against the law to name any stock or other financial product as something that the public should buy or sell. The practice is […]
Professor: British biz media more aggressive in crisis than American
TALKING BIZ NEWS EXCLUSIVE The British business media took a more proactive approach in reporting on the economic crisis of the past two years than their American counterparts, said a London financial journalism professor and former BBC business journalist on Thursday. “The British media, by talking a more slightly leading role, helped shape the response” […]
Does the business media continue to suck up to Wall Street?
Pulitzer Prize-winning business columnist Steve Pearlstein of the Washington Post has his own take on the relationship between the business media and the financial world, which he espoused in his Wednesday column. Pearlstein writes, “I attended a conference at Columbia University earlier this week that wound up focusing on how the mainstream business press contributed […]
Business media buying toxic assets
Both National Public Radio’s “Planet Money” and CNBC have dived into the markets to purchase their own toxic assets to help explain what they are to their listeners. The Planet Money blog notes, “After Planet Money bought Toxie, our very own toxic asset, David Kestenbaum went on CNBC to talk about it. The folks over […]
CNBC's Burnett does not mince words
Eric Spitznagel of Vanity Fair has an interview with CNBC anchor Erin Burnett about her opinions of Wall Street and its players where he asks her her opinion of how she is perceived by the public. Here is an excerpt: It’s hard to tell if you’re being unbiased. The Huffington Post claimed that you’re one […]
CPAs hand out biz journalism awards
The New York State Society of Certified Public Accountants announced winners for its Excellence in Financial Journalism Awards that recognize reporters who contribute to a better understanding of business topics. Judges, representing the CPAs and the New York Financial Writers Association, selected winners. Journalists will receive their awards at a luncheon at the Yale Club […]
Bloomberg wins National Headliner Awards business news category
Bloomberg News won first place in the print business news category of the National Headliner Awards, given annually by the Press Club of Atlantic City. The Miami Herald placed second in the category, while the Milwaukee Journal-Sentinel was third. Bloomberg won for “Lehman’s Lessons,” written by Mark Pittman, Bob Ivry, Christine Harper and Alison Fitzgerald. […]
MacDonald on covering the markets, breaking the news
TALKING BIZ NEWS EXCLUSIVE Elizabeth MacDonald is the stocks editor at Fox Business Network, but she covers more than the markets. In January, she questioned whether health reform is constitutional based on the interstate commerce clause — a story followed this past week by the Washington Post. And earlier this month, McDonald reported about how […]
