Biz journalists and GDP don't mix
TheStreet.com’s Marek Fuchs points out that there’s been another quarter where the Gross Domestic Product was revised a significant amount, meaning that coverage of the initial number was misleading to readers because it failed to note that revisions are a regular event. Fuchs wrote, “GDP numbers are originally reported as set fact. A myriad of […]
Top myths in media coverage of market correction
Barry Ritholtz writes on TheStreet.com about the myths that were reported in the business news media earlier this week that explained why the stock market fell. Ritholtz wrote, “It didn’t take very long for the spinmeisters to get busy. Numerous reasons were spun out as to why stocks fell — ranging from merely uninformed to […]
Take court rulings with grain of salt
TheStreet.com’s Marek Fuchs reads the coverage in Friday morning’s papers about Microsoft Corp. losing a ruling on MP3 patents and being asked to pay $1.52 billion in damages and wonders what all of the fuss is about. Fuchs wrote, “The Washington Post goes all subjective on The Business Press Maven, announcing that ‘Microsoft Loses Big […]
Drug company slams biz reporter, but doesn't give specifics
TheStreet.com’s Marek Fuchs writes that one of the financial news web site’s writers, Adam Feuerstein, has been the subject of an inflammatory press release from a company that wished to rebut one of his articles. The only problem, Fuchs notes, is that the release doesn’t specify what was wrong with the story. Fuchs wrote, “Feuerstein […]
TheStreet.com's profit doubles
Business and financial news web site TheStreet.com reported fourth-quarter profits that were more than double the same quarter in 2005, according to an AP story about the earnings. The story stated, “TheStreet.com earned $4 million, or 14 cents per share, in the fourth quarter, up from $1.8 million, or 7 cents per share, in the […]
The real test for the Fox Business Channel
Jonathan Berr, writing on bloggingstocks.com, makes the point that whether the upcoming Fox Business Channel is successful depends on how well it attracts viewers during slow business news days. Berr, a former reporter for TheStreet.com and Bloomberg, wrote, “The real test for Fox Business News won’t be how it reports earnings, corporate scandals or mergers […]
Biz media miss the obvious with Dell
TheStreet.com’s Marek Fuchs wants to know why the business press coverage of Michael Dell returning to the CEO spot of his computer company elicited no coverage about how easy it’s going to be for him to turn the company around. Fuchs wrote, “Recently, Dell announced a return to the head spot at his company, and […]
Business press wrong about weather and oil prices
TheStreet.com’s Marek Fuchs points out that Reuters and the Associated Press are getting it wrong when tying changes in the weather to prices for crude oil in the commodities market. Fuchs wrote, “Let’s start with a headline from this morning, careful not to ensnare our pant leg on too much nonsense. Reuters, in its infinite […]
Press declares that housing slump is over
Marek Fuchs of TheStreet.com points out that the business media have begun writing about the housing market as if it’s about to turn around when that may not be the case. Fuchs wrote, “The Business Press Maven is always highly critical of the business media for allowing a pattern of three to qualify as a […]
Amazon headline writers taking company's word
TheStreet.com’s Marek Fuchs writes that headline writers this morning are simply taking Amazon.com’s word for its revenue during the Christmas shopping season. Fuchs wrote, “Take the headlines written about Monday’s Amazon announcement, which in most cases appear to be just that: headlines superimposed on Amazon’s announcement. In this holy season, I thank God that at […]
