Fortune writer resigns amid plagiarism charge, apology
The next issue of Fortune magazine will have an apology for an article in the Feb. 2 issue of the magazine that allegedly plagiarized a 2004 New York Times magazine article, and the reporter, Barney Gimbel, has resigned from the business bi-weekly, according to the New York Observer. John Koblin writes, “When the author of the […]
WSJ: NYTimes got it wrong about our circulation strategy
The Wall Street Journal issued a release that takes issue with the characterization of its circulation strategy in a story Monday in the New York Times. The release states, “The New York Times wrongly reported that the Journal’s circulation growth is due to heavy discounting and that the use of this tactic had increased since […]
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 […]
CNBC promotes the Santelli rant
Brian Stelter of the New York Times writes Monday about how CNBC is doing everything it can to promote reporter Rick Santelli‘s on-air rant on Thursday about the economic bailout package. Stelter writes, “A few hundred thousand viewers were watching the exchange broadcast, and it was immediately magnified by the Internet. Within minutes, CNBC posted […]
Changes at the WSJ under Murdoch
Tim Arango and Richard Perez-Pena of the New York Times examine News Corp. and its strategy under Rupert Murdoch to acquire newspapers, and how its ownership has affected The Wall Street Journal. Arango and Perez-Pena write, “But some journalists also described a certain relief that the new regime has meant an end to the factionalism […]
Insana done with hedge fund, planning return to media
Ron Insana, a former CNBC anchor who left the network to start a hedge fund, is leaving the hedge fund that he’s been working at and planning a return to media, writes Zachary Kouwe of the New York Times. Kouwe writes, “Mr. Insana has decided to leave his post at SAC Capital just six months […]
The difficulty of covering a down market
David Carr of the New York Times writes for Monday’s paper about the difficulty in covering a down market for CNBC and others in business journalism. Carr writes, “Doomsayers generally don’t make good television: they are always right on the way in and rarely correct on the way out. But under any circumstances, the economy […]
NYTimes names sports business reporter
The New York Times appointed Ken Belson as a business of sports reporter on the sports desk, according to a memo Tuesday from sports editor Tom Jolly. Jolly writes, “For years, Ken Belson has made no secret of his passion for the business of sports, at least to those silly enough to ask him about […]
Financial Times sues company it covers
Michael de la Merced of the New York Times reports that The Financial Times is suing Blackstone Group, a company it covers, for allowing its employees to access its Web content using one ID. De la Merced writes, “The newspaper company contends that Blackstone allowed multiple employees to access thousands of Financial Times articles online […]
Biz journalists descend on Davos
Yvette Kantrow, executive editor of The Deal, wants to know why so many business journalists are at the World Economic Forum in Davos, Switzerland when a number of CEOs have bailed on the event. Kantrow writes, “The New York Times Co. — which is so cash-strapped it’s paying 14% for its latest financing and is […]
