Biz journalists likely to praise new CEO without looking at facts
TheStreet.com media critic Marek Fuchs writes Monday that the departure of American International Group CEO Martin Sullivan should serve as a reminder to never believe fawning coverage of new CEOs, which is what Sullivan got entering the job. Both Forbes and The New York Times wrote positive stories early in his tenure. Fuchs writes, “Never […]
Biz media let Gap CEO get away with script
TheStreet.com media critic Marek Fuchs writes that the business media has let Gap CEO Glenn Murphy get away with telling investors that the company’s stores have become too big “all of a sudden” when they have been that way for a decade. Fuchs writes, “Now let’s be fair. Even scripted to the nines as modern-day […]
Homebuilder glosses over write-off, and biz reporters ignore it
TheStreet.com media critic Marek Fuchs writes Wednesday about how homebuilder Toll reported another write-off when it released earnings, but the media that wrote about the results downplayed or ignored the fact that because the company asked politicians to fix the home crisis. Fuchs writes, “The Business Press Maven always tells you that local news can either […]
Retailers playing biz journalists as fools
TheStreet.com media critic Marek Fuchs wants to know why business reporters, particularly those that cover retailing, such as those at the New York Post allow companies such as Sears to blame bad results on the economy when other retailers such as Costco have strong results in the same economy. Fuchs writes, “The economy is slow […]
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TheStreet.com media critic Marek Fuchs takes aim Thursday at a headline on the BusinessWeek Web site that proclaims: “Oil Hits $129, Heads for $130.” Fuchs writes, “Where to start? With the automatic, implicit assumption that we will go up before down? Perhaps. “Or the notion that you need a journalist to help you think out […]
Real estate CEO blames biz media for poor results
TheStreet.com media critic Marek Fuchs wonders in amazement Wednesday that the statement from homebuilder Toll Brothers CEO Robert Toll blaming the business media for his company’s lackluster performance. Fuchs writes, “Blaming the media for the fractured state of your business is lamer than the retail industry’s fallback excuse of too hot/cold/rainy/dry weather. It is also […]
Orange County Register biz editor leaving for TheStreet.com
Glenn Hall, who ran the business section of the Orange County Register for the past three years, is leaving the paper to become editor at TheStreet.com, according to an internal e-mail from the paper’s editor, Ken Brusic. Hall, who had spent a decade at Bloomberg News before joining the Register, tells Talking Biz News he […]
Biz media fails to meet analyst expectations
TheStreet.com media critic Marek Fuchs writes Wednesday that business news stories about Cisco’s recent earnings have the company meeting analyst expectations — but only because the company lowered expectations, which isn’t mentioned or buried in most stories. Fuchs writes, “Revenue was also ‘jumping’ at TheStreet.com, which wrote that the $9.8 billion, came in ‘slightly above […]
AP story on Domino's earnings lacking meat
TheStreet.com media critic Marek Fuchs writes Wednesday that an Associated Press story on Domino’s first-quarter earnings missed the bigger story at the pizza chain. Fuchs writes, “Look at this headline, which ran Tuesday night: ‘Domino’s Pizza shares up after company reports 1Q profit.’ The AP began its lead with the same claim before launching into […]
TheStreet.com reports lower earnings
Financial news Web site TheStreet.com reported Tuesday that its first-quarter earnings fell 22 percent due to higher expenses, according to a Crain’s New York story. Crain’s New York wrote, “Results fell short of analyst estimates, sending shares lower in premarket trading. Net income after preferred stock dividends fell to $2.4 million, or 7 cents per […]
