Slate launches Big Money site Monday

Anick Jesdanun of the Associated Press writes Monday about Slate‘s new business news site called The Big Money.

Jesdanun writes, “James Ledbetter, a former deputy managing editor at CNN Money hired by Slate as The Big Money’s editor, said his site won’t duplicate other financial sites such as TheStreet.com and News Corp.’s MarketWatch, a sister site of The Wall Street Journal.

“‘They are all giving you the latest news that is moving markets,’ Ledbetter said. ‘That is not really our formula. Rather, we wanted to be able to step back from the hustle and bustle of breaking news and analyze and argue and help our readers penetrate the difficult thicket that is business news.’

“The Big Money will have a daily calendar showing the top business events expected that day, including key reports on company earnings, unemployment or the petroleum supply. A daily morning feature will digest the major business developments with links to articles at other publications.

“The site will also have blogs focusing on the food industry and Google Inc.”