Felix Salmon of Reuters blogs about the recent American Journalism Review article questioning the ethics of business journalism funded by shortselling.
“Meanwhile, the journalism world is full of publications which profit from extolling companies’ virtues and watching their share prices rise — the dot-com boom spawned dozens of them, with names like Red Herring and Business 2.0. Most of them have disappeared by now, but Fast Company, for one, still exists. When it comes to business reporting, the puff jobs regularly planted in glossy magazines by well-paid and highly professional corporate PR executives are much more dangerous than a couple of marginal websites concentrating on the short side.
“The main problem with short-funded investigative journalism is that there’s no evidence that the business model actually works in practice. And other journalists who have tried to set up on their own with the aim of selling their work to short sellers have also given up on that idea and moved on to more time-tested ways of making money: Michelle Leder, for instance, sold Footnoted to Morningstar, while Herb Greenberg left his research shop GreenbergMeritz to join CNBC.”
Read more here.
Bloomberg Media has rolled out the second installment of its “Context Changes everything” brand campaign,…
The Wall Street Journal is seeking an experienced and driven investigative reporter to join our…
John Corrigan, who left The Wall Street Journal a year ago, is joining the Los…
This reporter covers affordability topics important to Long Islanders, with particular emphasis on “the cost…
"Wall Street Week," which airs on Bloomberg Television, is changing its format. In the current…
The NYSE TV Booking Producer supports a live, news-like program, broadcast from the New York…