How Merrill's timing of its earnings release affected its coverage
Jed Horowitz of Dow Jones Newswires writes Friday afternoon about how the timing of Merrill Lynch’s second-quarter earnings release for late Thursday afternoon affected how the poor results were positioned in Friday’s newspapers. Horowitz notes that Merrill said it released its earnings Thursday so it wouldn’t conflict with J.P. Morgan’s earnings release on Friday morning. […]
Google earnings coverage missing currency impact
TheStreet.com media critic Marek Fuchs writes Friday about the lackluster performance of business journalists in covering Google’s recent earnings release because they failed to notice the impact of currency exchanges. Fuchs writes, “The New York Times had a cutsey lead about how Google and Microsoft, which also disappointed, were like two brainy nerds who failed […]
Deal with Merrill would value Bloomberg organization at $22 billion
Michael de la Merced of the New York Times reports that Merrill Lynch & Co. will sell its 20 percent stake in Bloomberg LP back to its founder in a deal that values the news and information company at $22 billion. de la Merced writes, “The deal will probably be announced on Thursday, when Merrill […]
Mortgage consultant paid by companies he comments about
Eamon Javers of Politico reports Wednesday that mortgage consultant Howard Glaser, who has been on CNBC and CBS and quoted in the New York Times and AP stories about the problems with Fannie Mae and Freddie Mac, actually derives some of his income from those companies. Javers writes, “He was generally identified as a ‘mortgage […]
WSJ uses anonymous sources less than other big papers
Slate media critic Jack Shafer recently tracked the use of anonymous sources in the country’s big papers and discovered that The Wall Street Journal uses them less than anyone else. Shafer writes, “Some reporters smuggle anonymous quotations into their stories as payment to sources for taking the time to talk to them, even if the […]
Business news outlets are collaborating
Felix Salmon of Conde Nast Portfolio writes about how some business newspapers are collaborating with other newspapers to extend their reach. Salmon writes, “Yesterday, Dealbreaker’s John Carney told me that for the past couple of months his daily Wall Street Journal has been delivered with a free copy of the New York Sun. That kind […]
New York Times wins three Loebs; Sloan wins his seventh
The New York Times on Monday received three Loeb Awards, considered the Pulitzer Prices in business journalism, while Fortune magazine’s Allan Sloan won his seventh Loeb Award. Sloan won in the commentary category for a column called “Piece of Junk.” The judges stated, “Of the countless stories about the subprime crisis, this piece stood out […]
Reuters looks to provide market data in developing countries
Tim Arango of The New York Times writes Sunday about how Reuters is trying to increase its presence in developing countries by providing market data for all kinds of commodities. Arango writes, “To that end, the company has been testing a program called Reuters Market Light for several months in Maharashtra, India’s third-largest state, about […]
Why the WSJ won't fall apart
Hamilton Nolan of Gawker writes Wednesday that he believes that despite the departures from The Wall Street Journal, the paper is still in a strong position against its competitors. Nolan writes, “The paper is the only one in America actually investing in financial news; elsewhere, it’s simply a shrinking field. The big three financial magazines […]
Times biz staff wins Mirror Awards
Dade Hayes of Variety writes about how the New York Times business columnist Joe Nocera and the paper’s Monday business section coverage of the media were winners in this year’s Mirror Awards. Hayes writes, “Nocera, a Times columnist, won for best commentary and Auletta for best single article, a New Yorker piece called ‘Promises, Promises’ that, […]
