Reporting on Coach earnings misses the bag
TheStreet.com media critic Marek Fuchs writes about how reporting on Coach’s earnings was all over the place. Fuchs writes, “And while others were placing the words ‘cloudy forecast’ in their headlines, The Associated Press weighed in with just the opposite. Forecasts were clear and good: ‘Coach expects to beat in 4Q, reiterates 2008 guidance: Coach […]
TheStreet.com ME leaves for Dow Jones Newswires
Brian Cronk, the managing editor of TheStreet.com‘s life and money content, is leaving to become an assistant managing editor for Dow Jones Newswires, according to an e-mail memo from Dow Jones managing editor Linda Fung to staff members. The e-mail stated, “I am pleased to announce that Brian Cronk will be joining Dow Jones Newswires as […]
GE coverage exposes risk in writing about earnings before they happen
TheStreet.com media critic Marek Fuchs writes Saturday about all of the pre-coverage of General Electric Co.’s earnings that noted how the conglomerate was expected to report a profit increase. Oops. GE reported a decline. Fuchs wrote, “The business media raised false expectations for results that were — shockingly — ruined by their financial service business. “All […]
Cramer's salary jumps to $1.3 million
TheStreet.com disclosed in an SEC filing Wednesday that co-founder Jim Cramer will be paid a base salary of $1.3 million this year, up 30 percent from 2007, with the salary increasing to $1.87 million by the year 2010. Cramer will also receive 300,000 shares of restricted stock in the company. The stock options vest during […]
The problem in the Microsoft/Yahoo coverage
TheStreet.com media critic Marek Fuchs writes Monday that the business media are misplaying Microsoft’s offer to acquire Yahoo by treating the Internet company like an equal to its suitor. Fuchs writes, “But the ‘we are poised for a terrific fight’ articles we read this weekend were built on a far catchier story line than ‘the […]
Don't trust industry data with real estate
Marek Fuchs of TheStreet.com wants to know why business journalists write stories about the real estate market using data from industry organizations. Fuchs wrote, “Data from trade associations, no matter how convenient and digestible they make their statistics to the business media, must always be considered with a special degree of caution. “But The National […]
Eleven seek six SABEW board seats
Eleven candidates are running for six vacant seats on the Society of American Business Editors and Writers’ board of governors. The top six vote-getters will serve three-year terms, beginning at the group’s annual meeting in Baltimore on April 28. The candidates and their respective media outlets are Kathy Brister, Atlanta Journal-Constitution; Cliff Cumber, Frederick News-Post; […]
The evolution of the Internet and media
Dave Kansas, the president of personal finance Web site FiLife and a former editor at TheStreet.com and The Wall Street Journal, talked earlier this week in Montana about how the Internet has changed journalism. Dillon Tabish of New West wrote, “When Kansas was launching TheStreet.com a little more than 10 years ago, it was a […]
When Macy's stops talking, run for the hills
TheStreet.com media critic Marek Fuchs notes that Macy’s decision to stop releasing monthly sales figures for its stores — which every other retailer provides to investors and the business media — should be a signal for investors to sell the stock. Fuchs wrote, “You would be crazy to be involved in such a murky situation […]
The biz media hates the market
TheStreet.com media critic Marek Fuchs writes Monday that the business media’s recent negativity toward the economy signals that the stock market might have hit a bottom. Fuchs wrote, “The Business Press Maven is not one to call short-term trading moves, but conventional wisdom is always reflected in the price of stocks. And the business media […]
