SmartMoney.com editor Weber leaving publication
TALKING BIZ NEWS EXCLUSIVE SmartMoney.com editor Tom Weber is leaving the personal finance publication in the wake of Dow Jones & Co.‘s acquisition of the 50 percent it didn’t already own. In an e-mail to the staff obtained by Talking Biz News, Weber wrote, “I’m writing to let you know that I’ve decided to leave […]
Dow Jones buys rest of Smart Money
Dow Jones & Co. announced Tuesday that it has acquired the 50 percent of personal finance magazine Smart Money it didn’t already own from Hearst Corp. for an undisclosed price. “SmartMoney is a natural fit within Dow Jones, having carried brand association with The Wall Street Journal since its launch,” said Todd Larsen, president of […]
Smart Money deal: Why?
Zac Bissonnette of DailyFinance.com wonders why News Corp. feels the need now to acquire the 50 percent of personal finance magazine Smart Money that it doesn’t already own. Bissonnette writes, “No major layoffs on the editorial side would result from the deal, but the question you have to wonder about is this: How much could […]
Dow Jones in talks to buy rest of Smart Money from Hearst
Shira Ovide of The Wall Street Journal reports Tuesday that the paper’s parent company, Dow Jones & Co., is in talks to buy the 50 percent of personal finance magazine Smart Money that it doesn’t own. Ovide writes, “The two sides continue to negotiate purchase terms, people familiar with the matter said, but a deal […]
Biz magazine ad revenue declined 22% in 2009, ad pages dropped 28.7%
TALKING BIZ NEWS EXCLUSIVE Advertising in 15 business magazines in 2009 fell by $340 million, or 21.7 percent, to $1.23 billion, due to the lingering recession, according to a Talking Biz News analysis of numbers released Tuesday by the Publishers Information Bureau. Advertising pages in those same 15 magazines fell by 28.7 to 12,844.59 pages, […]
SmartMoney remembers last year's economic crisis via Twitter
SmartMoney magazine, a joint venture between Dow Jones & Co. and Hearst, has launched a Twitter account that is remembering last year’s economic crisis. One year ago, the U.S. economy went from bad to worse, culminating in a full-blown financial meltdown. To mark the anniversary, SmartMoney is tweeting — to the day — headlines from […]
More than 250 business journalism jobs lost in first six months
TALKING BIZ NEWS EXCLUSIVE More than 250 business journalists lost their jobs due to media closings, layoffs or newsroom buyouts in the first six months of 2009, according to an analysis of the industry by the Carolina Business News Initiative at the University of North Carolina at Chapel Hill. The layoffs include the entire staff […]
SmartMoney names president
Andrew Seibert has been named to the newly created position of president of personal finance magazine SmartMoney. SmartMoney is a joint venture between Hearst Corp. and Dow Jones & Co. Seibert will continue in his current position as vice president and publisher of SmartMoney’s Custom Solutions, the venture’s custom publishing arm. “Andy has done a […]
Two editors confirm they're leaving SmartMoney.com
Executive editor Michael DeSenne confirmed to Talking Biz News that he’s leaving his position with SmartMoney.com next month. “I’m leaving effective Feb. 8,” said DeSenne “I work out of DC. I’ll be writing about money and investing on a freelance basis. Other SmartMoney staff are leaving as well but I’d prefer not to name names.” DeSenne […]
SmartMoney makes layoffs
Jason Fell of Folio reports that personal finance magazine SmartMoney, a joint venture between Dow Jones & Co. and Hearst, has laid off a number of employees. Fell writes, “A spokesperson has confirmed that there has been a round of layoffs at the magazine but declined to say exactly how many people were let go. “‘SmartMoney […]
