Categories: OLD Media Moves

Barnes of Fox Business covers, and lives, business

Thomas Heath of The Washington Post profiles Fox Business Network senior Washington correspondent Peter Barnes, who in addition to covering business has also invested and started businesses.

Heath writes, “Barnes is not just any working journalist. He is a resilient risk-taker, qualities that I envy.

“The entrepreneur has actually put his cash, time and reputation into three start-ups. He has written business plans, raised money, met a payroll, paid taxes, hired and fired and — when it didn’t work — figured out the next thing. He can read a balance sheet and knows that ‘discount rate’ is not the price of something at Wal-Mart.

“‘I really understand how hard it is to be an entrepreneur,’ Barnes said. ‘Every person who is successful and is a gazillionaire, a lot of them have failed.’

“Then he sent me the above quote from Samuel Smiles, which hung on the wall of one of his ventures.

“Barnes, who lives in Alexandria, knows risk: He raised $300,000 — including the proceeds from the sale of a cherished childhood coin collection — to fund his first start-up.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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