Wall Street Journal already on the decline
Toronto Star business columnist David Olive argues Sunday that The Wall Street Journal is already seeing a decline in influence among its readers even before its potential acquisition by News Corp. CEO Rupert Murdoch, who will just accelerate the issue. Olive wrote, “In explaining his motive for shoving that shard of ice into Journal veterans’ […]
Winners and losers in WSJ purchase by Murdoch
Stephen Foley of The Independent newspaper in London has his list of winners and losers once News Corp. CEO Rupert Murdoch completes his apparent purchase of Dow Jones & Co., the parent of The Wall Street Journal. They include: Bloomberg, Reuters/Thomson: Thanks to the ‘Journal’ and the upcoming Fox Business Channel, News Corp is likely […]
Reuters beats WSJ on KKR story in terms of analysis
TheStreet.com’s Marek Fuchs took a look Thursday at company announcements near the July 4th holiday and decided that some of them were intentionally released at that time to decrease coverage. With one story, a Reuters wire article explained the significance, while The Wall Street Journal ignored the issue. Fuchs wrote, “But I do want to […]
Murdoch expects approval from Bancrofts in two to three weeks
Gabriela Baczynska of Reuters wrote Wednesday that News Corp. CEO Rupert Murdoch expects to receive approval from the Bancroft family that controls Dow Jones & Co., the parent of The Wall Street Journal, to purchase the company in two to three weeks. Baczynska wrote, “‘Everything is done. We are just waiting for a final approval […]
Bloomberg to expand news staff by 10 percent this year
Bloomberg News will expand its 2,300-strong news operation by more than 10 percent this year as news plays a growing role in the content on the electronic system, writes Aline van Duyn of The Financial Times. She wrote, “The plans to add at least 240 more reporters in 2007 shed light on Bloomberg’s strategy for […]
TheStreet.com could benefit from financial media M&A
The Seeking Alpha web site speculates that TheStreet.com could be an acquisition target due to interest in financial media properties in recent months as well as the growing interest in online trading. It wrote, “News Corp. bids for Dow Jones. Thompson buys Reuters. While TheStreet.com is certainly not in the same class as either of […]
New SABEW president talks about business journalism
Gail DeGeorge, who was elected president of the Society of American Business Editors and Writers last week, is the Sun-Sentinel’s business editor, a position she has held for nine years. She is responsible for directing the coverage of South Florida’s business community by a staff of ten reporters, four assistant editors and an editorial assistant. […]
Changes in Reuters editorial management ranks
Reuters editor in chief David Schlesinger announced this weekend a number of changes in the top ranks of the wire service’s upper editorial management, including a promotion for Americas managing editor Betty Wong. In a memo Schlesinger wrote, “Betty Wong is appointed Global Head of Editorial Operations as she takes on several additional responsibilities effective June […]
New SABEW board members elected
Miami Herald business editor Lisa Gibbs, University of North Carolina professor Chris Roush, Dow Jones Newswires reporter Dawn Wotapka Hardesty, CNBC reporter Rebecca Jarvis and SmartMoney.com editor Ray Hennessey were elected for the first time to the Society of American Business Editors and Writers board on Tuesday. Re-elected to the board were Seattle Times business […]
Thomson/Reuters won't roll over Bloomberg
Marketwatch media columnist Jon Friedman writes Monday that the combined operations of Thomson Corp. and Reuters Group Plc will still have a difficult time defeating rival Bloomberg LP. Friedman wrote, “What separates Bloomberg from most media organizations is the ferocious competitive spirit of most of its employees, and that’s not only because the company often […]
