Fuchs admits he was wrong about Yahoo!/Microsoft stories
TheStreet.com media critic Marek Fuchs, who for months has criticized unsourced stories speculating about a deal between Microsoft and Yahoo!, is now eating some crow after a proposed acquisition was announced Friday morning. Fuchs wrote, “But first, just as every dog has its day, so, apparently, does every unsourced takeover rumor. The Business Press Maven, […]
Ben Stein has no clue
TheStreet.com media critic Marek Fuchs writes Monday that New York Times economics columnist Ben Stein‘s latest column is devoid of any facts to back up his assertions that traders and journalists are to blame for the subprime collapse. Fuchs wrote, “He goes on to raise an eyebrow about the spread between the size of the […]
WSJ headline about airline mergers misleading
TheStreet.com media critic Marek Fuchs has a problem with a Wall Street Journal headline that reads, “Mergers Benefit Airlines; Shame About the Fliers.” Fuchs wrote, “Why? Because despite the excited coverage about how much the big airlines stand to benefit from merging, since deregulation a generation ago, the history of merged airlines has been overwhelmingly […]
Greenberg's great, but not when speculating
TheStreet.com media critic Marek Fuchs lauds Marketwatch business columnist Herb Greenberg, but says he temporarily went bad with his latest. Fuchs wrote, “The Business Press Maven, with his experience on both Wall Street and in journalism, is obviously very critical of the business media, which have turned my soul into unadulterated rot. But if more […]
Scrutinize Apple at $200/share, don't give it praise
TheStreet.com media critic Marek Fuchs wants to know why the business press fell all over themselves in reporting that Apple’s stock passed the $200 threshold instead of examining whether the price had gotten too expensive. Fuchs wrote, “Here’s the most important element of this coverage: Since $200 was no direct mark of business accomplishment, an […]
Media can't understand NYT results
TheStreet.com’s Marek Fuchs is disappointed Wednesday that the business media covering the revenue uptick at The New York Times can’t seem to understand that the reason it happened was due to an extra week and a product coming out earlier. Fuchs wrote, “Forbes, which mercifully managed to mention the extra week and product, was possibly, […]
Interviewing the boss, and letting him off easy
TheStreet.com media critic Marek Fuchs believes that CNBC anchor Joe Kernen let GE CEO Jeffrey Immelt off easy earlier this week when the company lowered its growth projections next year to 10 percent from 13 percent. GE, by the way, is the parent company of CNBC. Immelt wrote, “General Electric cut its 2008 earnings numbers […]
Herb Greenberg talks business journalism
Herb Greenberg is senior columnist for MarketWatch and is one of the top business journalists in the country because of his investigative reporting on companies. His column also appears in the weekend edition of The Wall Street Journal. He joined MarketWatch after six years as senior columnist for TheStreet.com. He previously spent 10 years as […]
Cramer sells some shares in TheStreet.com
“Mad Money” host Jim Cramer sold 30,000 shares of Internet financial news web site TheStreet.com, which he helped found a decade ago, according to an Associated Press story. The story stated, “In a Form 4 filed with the SEC, Cramer, host of CNBC’s ‘Mad Money,’ reported he sold the shares Thursday for $13.50 to $14.20 […]
Target's earnings disappointment coverage also misses expectations
TheStreet.com media critic Marek Fuchs writes Wednesday that coverage of retailer Target’s disappointing earnings also missed expectations because they failed to take into account that the Minnesota-based company had already lowered its expectations — and still missed the new projections. Fuchs wrote, “Unfortunately for investors, the business media almost always simply compares results with consensus […]
