Misleading headlines drive him crazy
TheStreet.com’s Marek Fuchs points out a few headlines from recent business news stories that don’t necessarily convey what the story is about. Fuchs wrote, “Take a recent Reuters headline that got a lot of play … puh-lease. ‘Fed’s Yellen says economic downturn possible,’ yelled Reuters. “The headline is at once declarative and incredibly weak. San […]
AT&T coverage at opposite ends
TheStreet.com’s Marek Fuchs wrote Friday that coverage of AT&T’s earnings earlier in the week had two widely divergent takes on the numbers. He wrote, “Look at what The Wall Street Journal said about AT&T’s Tuesday earnings report: Wireless Growth, Mergers Fuel AT&T Net. Got that? Wireless growth helped lead to an almost doubling of first-quarter […]
TheStreet.com posts record revenue amid strong ad sales
Financial news site TheStreet.com reported record first-quarter profits on Thursday due to a 56 percent increase in advertising. Robert Holmes, a reporter for TheStreet.com, wrote, “The company reported net income of $3 million in the quarter, up from $2.6 million in the year-ago period on net revenue of $14.5 million, a 30% increase from $11.1 million from […]
Jim Cramer's 2006 comp: $2.4 million
“Mad Money” host Jim Cramer made more than $2.4 million in 2006 from his base salary from TheStreet.com, his share of a radio talent fee for his now-defunct radio show and exercising stock options from the online business news company he helped start. TheStreet.com’s proxy was released on Monday. It stated, “In consideration for providing […]
Business media and the stock market
TheStreet.com’s Marek Fuchs had an interesting column on Wednesday about the relationship between the business media, the stock market and investors. Fuchs wrote, “If you have learned anything from The Business Press Maven, it is that the business media provide a running commentary of conventional thought. Get caught up in it and you’re in trouble. […]
TheStreet.com wants to boost site traffic
Amanda Fung of Crain’s New York Business writes that business news and investing web site TheStreet.com needs to increase its site traffic to catch up with other online financial news sites. Her story was partially based on an interview with Steven Elkes, the site’s new executive vice president of mergers and acquisitions. Fung wrote, “The […]
Making fun of the WSJ's "What's News" box
TheStreet.com’s Marek Fuchs is a bit sarcastic in his tone Monday about an item he saw in the Wall Street Journal’s “What’s News” box on the front page. Fuchs wrote, “In the ‘What’s News‘ section of The Wall Street Journal’s front page, the paper’s top editors — those hard-bitten souls who have seen all there […]
Barron's profile of Home Depot CEO falls into old trap of biz journalism
TheStreet.com’s Marek Fuchs critiques the profile of new Home Depot CEO Frank Blake in the latest issue of Barron’s and comes away with the impression that it’s a story that would have been right at home in the 1990s, when business journalists were making rock stars out of CEOs. Fuchs wrote, “If you ever read […]
Premature prognostication by biz media
TheStreet.com’s Marek Fuchs writes that the business media often makes predictions about the economy and other matters before all of the facts are known. Fuchs wrote, “The major symptom of this is a quick trigger … for making predictions of either great or terrible turns in markets. “That’s right, all you amateur business media critics […]
Blodget wonders if Cramer's career is crippled
Disgraced former Wall Street analyst Henry Blodget writes that “Mad Money” host Jim Cramer may have hurt his media career by saying on a recent video that he manipulated stocks while he was managing a hedge fund and that investors used business journalists to influence stock prices. Blodget, who has been feuding with Cramer recently, […]
