Associated Press business editor Hal Ritter made the following announcement to the staff on Wednesday afternoon:
Lauren LaCapra will be rejoining the AP as a Money & Markets reporter. Lauren left Business News in 2008 for TheStreet.com where she has been a reporter covering institutions ranging from commercial and investment banks to private equity firms and hedge funds. She also writes investing and personal finance stories. She came here in 2007 as a reporter on the old APFN staff and covered the energy and airline industries. Before that, she was an informational graphics coordinator for The Wall Street Journal. Her job was to create graphics about the economy and other topics that presented complicated data in a way that was visually interesting and easy to understand. All of that experience is a great fit with M&M. Lauren earned a bachelor’s degree in journalism from Hofstra University in 2005. She starts Oct. 20.
Lauren’s arrival will finally get the M&M reporting team back to full strength. Combined with Joyce’s new role as editor and Jenni Sohn’s return part time from maternity leave as an M&M artist, we’ll be able to push ahead on the goals of improving the daily print product, expanding M&M online and developing a product for the tablet market.
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I think the more interesting news here is that TheStreet.com has lost yet another good employee. My sources there (and I have several) tell me it's a toxic environment, with low pay, bad technology and stupid work rules from management that get in the way of churning out good product. Then there's that business of the SEC investigating TheStreet, which is always bad for a financial publication.
Just another symptom of what I've seen for a while-- the job market for SKILLED financial journalists is not all that bad. I see it within my own organization, I see it elsewhere, and apparently Lauren LaCapra sees it now too. Good for her.