Regulators, industry and public to blame, not biz media
Dave Beal, a longtime business journalist in the Minneapolis area who is now interim executive director for the Society of American Business Editors and Writers, argues in the March issue of Twin Cities Busines that the media is not to blame for the current financial meltdown. Beal writes, “‘You can’t blame this on the press,’ […]
Trader Monthly parent files Ch. 7
Reuters is reporting that Doubledown Media, the parent of Trader Monthly, has filed for Chapter 7 bankruptcy court protection. Reuters writes, “The closely-held company, which also published Cigar Report, Corporate Leader, Dealmaker and Private Air, on Wednesday filed for protection from creditors with the U.S. bankruptcy court in Manhattan. “Doubledown has between $10 million and […]
Portfolio hits its stride during crisis
Jon Friedman of Marketwatch writes Wednesday about how two-year-old business magazine Conde Nast Portfolio appears to be clicking on all cylinders with its big-picture stories about the fall of Wall Street. Friedman writes, “It has found its calling and voice as one of the most dogged chroniclers of the meltdown of the financial system. In […]
Madoff photos in demand
Stephanie Clifford of the New York Times writes Monday about how decades-old photos of Bernie Madoff are now in demand that he has been charged with running a financial scam. Clifford writes, “Mr. Saunders had largely forgotten about the session when a photo editor from The Wall Street Journal called him in mid-December, asking for […]
The cult of personality
Elinore Longobardi of the Columbia Journalism Review writes about how the business media continues to look for saviors despite the continued economic turmoil. Longobardi writes, “In times of great troubles, it is natural to look for a savior, someone who can get us out of trouble with a wave of the hand and a confident […]
Stanford coverage a bit misleading
Ryan Chittum of Columbia Journalism Review writes that the business media coverage of the Stanford Financial case has been somewhat misleading in describing the size of the alleged fraud. Chittum writes, “The Journal, the Times, and the Washington Post call it an ‘$8 Billion Fraud’ in their headlines, and the Journal calls it that in […]
Cramer's picks still underperforming
Bill Alpert of Barron’s, which has long been a critic of “Mad Money” host Jim Cramer, takes a look at his recent picks again in its Saturday issue and determines that they’re still underperforming when compared to the overall market. Alpert writes, “Cramer’s recommendations underperform the market by most measures. From May to December of […]
Former WSJ ME Steiger doesn't recall getting Madoff tip
Former Wall Street Journal managing editor Paul Steiger, now running the non-profit ProPublica investigative journalism operation, told Editor & Publisher’s Joe Strupp that he does not remember the business paper receiving a tip about alleged fraud by investor Bernie Madoff. A whistleblower testified before Congress on Wednesday that he approached a Journal reporter with information […]
Did the Wall Street Journal miss the Madoff story?
Conde Nast Portfolio contribuing editor Gary Weiss writes on his blog that The Wall Street Journal had a chance to uncover the Bernie Madoff investment scam back in 2005 but passed, according to congressional testimony. Weiss writes, “A bombshell is buried in Harry Markopolos’ prepared testimony to a House panel today: he contacted the Wall […]
Bloomberg ME leaves to become Wall Street Journal markets editor
TALKING BIZ NEWS EXCLUSIVE Emma Moody, a longtime business journalist at Bloomberg News, turned in her resignation on Tuesday for an editing job at The Wall Street Journal. In an attempt to get her to stay, Bloomberg on Monday promoted Moody to managing editor for corporate news in North America, reporting to Laurie Hays, herself […]
