Biz media drooling on new Merrill CEO
TheStreet.com media critic Marek Fuchs writes Monday that the business media is falling all over themselves in writing about new Merrill Lynch CEO John Thain. Fuchs wrote, “What they don’t mention are any legitimate criticisms or questions and they do exist, despite Mr. Thain’s readily apparent skills and strengths. ‘Mr. Fix-It,’ as Forbes referred to […]
VC fund buys stake in TheStreet.com
Technology Crossover Ventures, an investment firm that provides capital to late-stage private and public companies, has agreed to purchase a minority stake in business news Web site TheStreet.com to help pay for its expansion strategy, according to a short story on the Web site. The story stated, “The investment of $55 million represents the purchase of preferred […]
TheStreet.com reports record revenue
Financial news web site TheStreet.com reported Tuesday that its third-quarter revenue increased 24 percent to a record $16.1 million, according to a short story on its site. The story stated, “Marketing services revenue, which comprises advertising and interactive marketing services revenue, totaled $6.9 million for the third quarter of 2007. Advertising revenue totaled $4.6 million […]
Bank stories all lame
TheStreet.com media critic Marek Fuchs isn’t too happy with the recent media coverage of the woes at banks. Fuchs wrote, “Writing and reporting on Wall Street firms in these troubled recent days have generally fallen into one of several categories — all lame. But understanding the categories, by looking at those we have seen and […]
Kodak given benefit of the doubt — again
TheStreet.com media critic Marek Fuchs wonders why business journalists have continued to give Kodak positive coverage despite its problems. Fuchs wrote, “Are a lot of journalists photo buffs and sentimental fools for Kodak? It sure looked that way, because, as I catalogued, tons of headlines ran about Kodak swinging to a profit as more sales […]
TheStreet.com makes an acquisition
TheStreet.com has acquired Bankers Financial Products, which owns BankingMyWay and RateWatch, and is one of the nation’s largest providers of information about banks and credit unions, according to a story on its web site. The purchase price was $25 million. The story stated, “‘Adding BankingMyWay to our network is another step toward becoming the premier destination […]
TheStreet.com survives when bigger players enter the market
Maria Aspan of The New York Times writes Monday about how TheStreet.com continues to thrive despite bigger players entering the online business journalism market. Aspan wrote, “For 11 years, TheStreet.com has developed its identity as a small, reliable financial information Web site, a quiet and somewhat plain publication buoyed by the loud, larger-than-life personality of its co-founder, […]
Traders dictate to the business media
TheStreet.com media critic Marek Fuchs writes Wednesday that it’s traders that often influence how the business media cover a story. Fuchs wrote, “Now let me get to those beguiling traders — the power behind the press. With the market strong and technology traders feeling giddy throughout the day thanks to Apple’s earnings, Amazon was up […]
Fox Business Network hires more reporters
Fox Business Network named Tracy Byrnes, Robert Gray and Ashley Webster as reporters, and named Elizabeth MacDonald as stocks editor, according to a Thursday release. In making the announcement, Fox News executive vice president Kevin Magee said, “We are pleased to strengthen our coverage of worldwide business events, the markets and breaking news from the New York Stock Exchange […]
Don't overemphasize big Christmas shopping days
TheStreet.com media critic Marek Fuchs has some advice for business reporters getting ready to cover the Christmas shopping season: It’s been stretched out so long that individual days no longer have the same impact as before. Fuchs wrote, “We saw this last year, remember? The Business Press Maven predicted a decent Christmas shopping season, and […]
