Reuters cuts travel/expense budget by 30%

Wire service Reuters has cut its travel and expense budget by 30 percent in an attempt to cut costs, according to a story in the Guardian. Ben Dowell wrote, “The chief executive, Tom Glocer, has imposed 30% cuts to travel and entertainment budgets on the global news organisation’s 15,300 staff. “The news was delivered to […]

Dow Jones buys rest of Factiva from Reuters for $160 million

Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, agreed to purchase the 50 percent stake in Factiva that it doesn’t already own from rival Reuters for $160 million, according to published reports. The Associated Press reported, “Founded in 1999 as a 50-50 joint venture between Dow Jones and Reuters to […]

Reuters markets editor loses job over Coulter book

Joe Maguire, a markets editor at Reuters, has lost his job because he wrote a book about Ann Coulter, according to a story in the New York Times.As a result, the markets team at the wire service took a “group coffee break” on Thursday as a show of support, reported Noam Cohen. Neither side would […]

Bloomberg grew while other newsrooms shrank

Slate’s Jack Shafer examined why Bloomberg News has continued to grow and expand its operations while other newsrooms are shrinking. Shafer wrote, “During this shrinking era, a news service started from scratch and entered in the ultracompetitive field of business journalism and has thrived almost to the point of dominance. The outfit, Bloomberg News, now […]

Weak ad sales hit Wall Street Journal

Dow Jones, the parent company of The Wall Street Journal and Barron’s, warned that its third quarter results will be lower than expected because of weak ad sales at the newspaper. A Reuters story stated, “The lowered forecast comes as Dow Jones marks the first anniversary of the Journal’s Weekend Edition, a Saturday paper designed […]

A biz editor remembers the Sept. 11 attacks

On Sept. 11, 2001, Louisville Courier-Journal business editor Dan Blake was standing on a street corner in lower Manhattan watching airplanes strike the World Trade Center. At the time, he was managing editor of U.S. equities for BridgeNews, an international financial news service, which was later purchased by Reuters after a bankruptcy filing. Blake recalled […]

Writing workshop before SABEW conference

Turn Your Business Story Idea Into Reality! Get one-on-one coaching from financial experts and top business editors. MORNING: One-on-one help researching your story idea and analyzing financial information to give your story depth from experts provided by CFA Institute (Chartered Financial Analysts). LUNCH: Writing tips from Susan Rasky, professor of Journalism at University of California, […]

MSNBC names new biz editor

MSNBC.com has named Martin Wolk as the business editor for the site. Wolk has covered the stock market, the tech industry and the economy for the Web site, the online home of NBC News product, since joining from Reuters in 1999. In a pre-digital age, he worked as a reporter and editor for daily newspapers […]

Forbes' wesbite traffic numbers questioned

New York Times reporter Peter Edmonston wrote in Monday’s newspaper that the traffic numbers for Forbes.com are being questioned by some of its competitors as being the No. 1 Internet site for business news. Edmonston wrote, “But a closer look at the numbers raises questions about Forbes.com’s industry-leading success. For its claim of a worldwide […]

Worth magazine could be sold soon

A Reuters article available on the New York Times web site about how magazines companies trying to sell themselves this year are having a tough time with the process noted that the parent of Worth magazine is negotiating with two buyers and could announce a deal soon. The story noted that Malibu, Calif.-based CurtCo Media […]