TheDeal executive editor Yvette Kantrow writes Friday about the recent mergers and acquisitions coverage in The New York Times and Wall Street Journal, and notes that a Times column about M&A by Andrew Ross Sorkin.
“Maybe for Sorkin it is — after all, who wants to cover M&A when there aren’t a lot of deals? But what about some of his colleagues at The New York Times’ business section? Do they think CEOs should get out there and start dealmaking?
“We’re thinking, of course, of Gretchen Morgenson, who has been waging a jihad against mergers in the pages of the Times for years. (Who can forget her classic jeremiad, ‘What Are Mergers Good For?’, in The New York Times Magazine in 2005?) Morgenson’s imposing shadow looms over Sorkin’s column from the get-go, when he sets up a straw man by declaring ‘Most mergers fail. If that’s not a bona fide fact, plenty of smart people think it is’ and then goes on to list some of those ‘smart people’ — McKinsey, Harvard, Booz Allen, etc., etc.
“But where is Gretchen on that list? Where is the Times itself? Where, for that matter, is most of the media, which during the last merger boom turned decidedly and reflexively hostile toward deals — a hostility fueled by hedge funds, activist shareholders and governance gurus well schooled in the art of spin?”
Read more here.
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…