Publisher of Trader Monthly and Dealmaker closes doors
Dylan Stableford of Folio reports that Doubledown Media, the parent company of Wall Street-oriented magazines Trader Monthly and Dealmaker, has closed because it has run out of money. Stableford writes, “The New York-based publisher of Trader Monthly, Dealmaker, Private Air, Corporate Leader and the Cigar Report — which had been forced to cut the frequency […]
Folkenflik admires Bartiromo interview of ousted Merrill CEO
David Folkenflik of National Public Radio says he thought that CNBC anchor Maria Bartiromo did an excellent job of interviewing former Merrill Lynch CEO John Thain about the company’s problems and his spending to redecorate his office. Bartiromo writes, “She strips him bare. “Bartiromo has been accused at times of being too cozy with the […]
Bartiromo's Thain interview causing questions
Earlier this week, CNBC anchor Maria Bartiromo interviewed ousted Merrill Lynch CEO John Thain on the air about his departure. But what wasn’t disclosed was that Bartiromo and Thain share the same public relations professional Ken Sunshine. And that’s leading some to question whether that relationship should have been disclosed before the interview. Richard Johnson […]
Seeing the trees, but not the forest
Martha Hamilton writes in the January/February issue of Columbia Journalism Review that business journalists covered some of the issues causing the financial meltdown, but missed the big picture. Hamilton writes, “But even in hindsight, I think it would have taken a miracle for business journalists to have foreseen the current crisis in its magnitude and […]
How covering financial panics through the years has changed
FiLife.com editor at large Dave Kansas writes in the introduction to his new book “The End of Wall Street As We Know It” about how business coverage of economic turmoils has changed during the past decade. Kansas writes, “As a financial journalist, I’ve witnessed other financial panics. The Asian financial crisis of 1997. The Russian […]
Were investors led to bad money manager by newsletter?
Jason Szep of Reuters writes Wednesday about how The Wall Street Digest, an investment newsletter, ran a headline in 2003 that read “America’s Top Ranked Money Manager” about Arthur Nadel, who has now vanished with $350 million of his client’s money. Its editor, Donald Rowe, and the newsletter are now being questioned for the amount of […]
"Options Action" is no "Mad Money"
Chris Tyler, a senior staff writer at Optionetics.com, reviews the new CNBC show “Options Action” and likes its tone-down style. Tyler writes, “The 30-Minute once-a-week segment appears to be in the testing phase right now. I’m waiting to receive some confirmation from CNBC after calling up unsuccessfully after business hours (of all things for a […]
Barron's confesses to poor performance
Barry Ritholtz, writing on his Big Picture blog, applauds Barron’s for having the guts to admit that its stock picks have badly underperformed the stock market. Ritholtz writes, “So whenever a major media outlet fesses up for their past advice — good and bad — the rarity of the event nearly make it a cause […]
NYTimes biz writer Henriques signs contract for Madoff book
New York Times senior financial writer Diana Henriques has signed a contract with Times Books to write a book about disgraced investor Bernie Madoff, tentatively called “A World of Lies.” Matthew Flamm of Crain’s New York Business writes, “Ms. Henriques has been leading the Times coverage of Mr. Madoff since news broke in December that […]
Moving car breaking news for CNBC
Hal Morris, writing on his Grumpy Editor blog, wants to know why CNBC broke away from its regular coverage of the stock market on Wednesday to air live footage of the car accused Wall Street swindler Bernie Madoff was traveling in to the courthouse for his bail hearing. Morris writes, “Aerial cameras followed the vehicle […]
