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 […]
TheStreet.com stock falls amid concerns about Cramer contract
Eric Savitz of Barron’s reports that TheStreet.com‘s stock fell in Thursday trading by more than 8 percent after the business news web site reported fourth quarter earnings and held a conference call in which the company disclosed it has not yet reached agreement with co-founder Jim Cramer on a new contract. Savitz wrote, “The company […]
TheStreet.com reports higher revenue, profits due to more ads
Business and financial news web site TheStreet.com reported Thursday that fourth-quarter earnings and revenue grew due to an increase in advertising. Revenue for the fourth quarter was a record $19.9 million, an increase of 38 percent from revenue of $14.4 million reported for the fourth quarter of 2006. Net income increased by 19 percent to a record […]
With Wal-Mart the story is overseas
TheStreet.com media critic Marek Fuchs writes Wednesday that some media — Barron’s, BusinessWeek and the New York Post — missed the story behind Wal-Mart’s strong earnings, while The Wall Street Journal got it right. Fuchs wrote, “Wal-Mart reported its fourth quarter Tuesday and much of the business media saw fit to lead with a number […]
This is business news?
TheDeal.com executive editor Yvette Kantrow wants to know why the New York Times is writing stories in its business section about a gossip web site that focuses on Britney Spears and TheStreet.com is launching a new web site devoted to celebrity news called MainStreet.com. Kantrow wrote, “The blogosphere has already done a pretty good job […]
TheStreet.com rolls out Main Street
Keith Kelly of the New York Post writes Monday about TheStreet.com’s new venture called mainstreet.com, which aims to attract consumers interested in personal finance coverage. Kelly wrote, “Though anything with a financial theme is seen as riskier today than it was a year ago, TheStreet.com officials see mainstreet.com as something different. “‘There’s no reason mainstreet.com […]
Writers on the storm
TheStreet.com media critic Marek Fuchs wants to know why so many business journalists believed Wal-Mart Stores Inc. earlier this week when it announced that January sales were hurt by the weather. Fuchs wrote, “The National Oceanic and Atmospheric Administration is a federal agency that compiles world weather data on land and ocean surfaces, and you […]
Disney coverage accentuates the negative
TheStreet.com’s media critic Marek Fuchs writes Wednesday that the Associated Press, the Economist and even TheStreet.com overplayed the bad news regarding Walt Disney Co.’s earnings on Tuesday. The Wall Street Journal did better, while the Reuters story was perfect, he added. Fuchs wrote, “To the Business Press Maven’s eye, Gina Keating over at Reuters did […]
TheStreet.com unveils redesign
Barry Ritholtz writes about the redesign of TheStreet.com unveiled this weekend. Ritholtz wrote, “It looks to be a modest improvement over the sprawling mess of the old site. It will take me a few days to figure out if it is very much of an improvement. “Both TheStreet.com‘s original content and Seeking Alpha‘s aggregation have […]
