Citigroup statement reported as fact
TheStreet.com media critic Marek Fuchs writes Monday that business journalists have taken Citigroup’s statement that its earnings would return to normal next quarter hook, line and sinker. Fuchs wrote, “On this subject, mark The Business Press Maven’s abnormally brilliant words: In announcing an oceanic write-off for the third quarter and entertaining no real questions on […]
Debt made him leave the Wall Street Journal
Dave Kansas writes on the FiLife personal finance web site about how he left The Wall Street Journal to go to TheStreet.com back in 1996 to make good on a promise — to pay off his college debt by the time he was 30. Kansas, who returned to the Journal but is now running the […]
TheStreet.com president steps down
Jim Lonergan, the president and chief operating officer of business news web site TheStreet.com, will leave the company later this month amid shuffling of jobs among executives, according to a short story on the web site. The story stated, “Jim Lonergan, the company’s president and chief operating officer, has decided to step down to pursue […]
Deciphering Greenspan's relationship with the media
TheStreet.com’s Marek Fuchs reads former Federal Reserve chairman Alan Greenspan’s new book in an attempt to decipher his relationship with those in the business medit that covered him. Fuchs conclusion: Greenspan doesn’t understand why reporters did things like emphasize in its coverage the phrase “irrational exuberance” out of a speech in the late 1990s to […]
Don't automatically make comparisons
TheStreet.com media critic Marek Fuchs writes Friday that business journalists should avoid making automatic comparisons between companies in the same industry in stories because it leads too often to the sort of sloppy reporting that misleads investors. Fuchs noted the problems inherent in making such a comparison by comparing a lead in the Financial Times to […]
Celebrating 20 years in business journalism
Marketwatch editor David Callaway writes Thusday about the changes in business journalism in the past 20 years, harking back to the day when he was on the business desk of the Boston Herald and the stock market dropped 500 points back in October 1987. Callaway wrote, “Business journalism took off in the late 1980s, then […]
Is TheStreet.com in play?
Ashkan Karbasfrooshan of the Seeking Alpha web site wonders if TheStreet.com is an acquisition target, potentially by NBC. Karbasfrooshan wrote, “TheStreet.com has historically been too reliant on subscriptions, a revenue stream that in today’s advertising-obsessed environment might hurt its chances to fetch a hefty premium in an M&A. Of course, with Rupert Murdoch’s mammoth ambition […]
TheStreet.com pushes for more advertising
Kate Kaye of The ClickZ Network writes Monday that business news web site TheStreet.com is looking to increase its advertising by making some changes to how it operates. She wrote, “It’s all in the hopes of garnering more online ad dollars, which some say is a more reliable revenue stream than subscriptions, especially when media […]
Cutting the price is good news, right?
TheStreet.com’s Marek Fuchs rips the business press to shreds for taking Apple’s word that cutting the price of the iPhone by $200 was actually a good thing. Fuchs wrote, “Check out how much of the business media simply played dutiful stenographer to Jobs. It’s a crying shame. “To CNBC, it was a “bold move,” while […]
Did Countrywide CEO lie on CNBC?
TheStreet.com media critic Marek Fuchs wants to know if Countrywide Financial CEO Angelo Mozilo lied during an interview on CNBC last week when he said the lender had stopped making loans to people who wouldn’t have qualified. Fuchs asks the question because he received a mortgage solicitation from Countrywide that included generous terms designed to […]
