CNBC's hard line with Wald sends a message about future pay
Marketwatch media columnist Jon Friedman writes Monday that the decision by CNBC to part ways with senior vice president Jonathan Wald, who apparently wanted more money, draws a line in the sand for future pay during the current economy. Friedman writes, “But for the other folks in the media, even those who appear in front […]
Dow Jones to seek wage freeze for union newsroom workers
Dow Jones & Co., the parent of The Wall Street Journal, Dow Jones Newswires, Barron’s and Marketwatch, said Friday that it would seek a salary freeze for union-represented staff as it conducts negotiations for successor collective-bargaining agreements going forward. The measure was one of many outlined by the company in its attempts to lower its expenses in the […]
WSJ, Dow Jones continues to grow
News Corp. CEO Rupert Murdoch made the following comments about Dow Jones & Co. and The Wall Street Journal on the company’s earnings conference call Thursday. Murdoch stated, “Over the past year, the Wall Street Journal has added new pages and launched a luxury magazine that has attracted 30 new advertisers for the franchise. We […]
How Bloomberg TV must change
Marketwatch media columnist Jon Friedman, a former Bloomberg News employee, writes Friday about how Bloomberg Television could change to attract a wider audience. Friedman writes, “To compete effectively with CNBC and Fox Business, Lack’s focus likely will be to upgrade Bloomberg’s performance during the critical early-morning hours leading up to the opening bell. “As a way […]
Digitalization of business news has been biggest change in 50 years
The speed with which business news and information can now be delivered to readers has been the biggest change in business journalism in the past 50 years, says Marshall Loeb, the former managing editor of Money and Fortune magazines. “When you see the stuff coming on to the screen, minute after minute after minute, the […]
CBS to launch business news site
Peter Kafka of All Things Digital reports that CBS, which sold its stake in Marketwatch earlier this decade to Dow Jones & Co., plans to launch a new business news site called MoneyWatch in March. Kafka writes, “The real one should launch in mid-March, says Greg Mason, who came to CBS via CNET and is […]
The Post-Intelligencer's troubles through the eyes of a biz reporter
Marketwatch media columnist Jon Friedman writes about the Seattle Post-Intelligencer, which was put up for sale last week and might close if a buyer is not found, through the eyes of one of its business reporters, Andrea James, who covers Costco, Starbucks and Amazon.com. Friedman writes, “She looked back on her career. ‘You are covering […]
Dow Jones freezes salaries for 2009
Patrick Gavin of FishBowlDC has posted a memo from Dow Jones & Co. CEO Les Hinton in which the owner of The Wall Street Journal, Marketwatch and Barron’s says it is freezing salaries for 2009. In the memo, Hinton states, “Therefore, as we continue to look for further cost efficiencies, I have decided to implement […]
Market already using media to create next stock bubble
Paul Farrell of Marketwatch writes that stock analysts and others are already using the business media to promote the market in the current economic turmoil. Farrell writes, “A recent USA Today report headlined: ‘5 Stock Experts Foresee 2009 Rebound’ proves this fundamental principle: ‘Nearly all expect double-digit percentage gains, despite another year of sharp swings. […]
Sloan is "print journalist of the year"
Marketwatch media columnist Jon Friedman writes Friday that Fortune columnist Allan Sloan is his print journalist of the year. Friedman writes, “One of Sloan’s best pieces was published back in March and entitled ‘Don’t expect another bull market.’ “Journalists everywhere should note that Sloan doesn’t get his points across with fancy writing. If anything, he […]
