Gabriel Sherman takes a look at Investor’s Business Daily — which he calls the biggest and strangest paper that no one has ever heard of — and its quirky business news coverage in a piece published Tuesday on The Big Money.
“O’Neil believed papers like the Journal were overly negative and focused only on bad news and gotcha-type stories. ‘IBD was a very frustrating place for a traditional reporter. If you wanted to do muckraking or investigative reporting, they didn’t want that,’ a former reporter told me. Rather, IBD wanted its readers to make money and celebrate American capitalism.
“The 1990s ushered in the golden age of personal investing, day trading, and a national obsession with the stock market. IBD rode this boom. Circulation rose from 40,000 in 1986 to more than 200,000 by 1996, as everyone from Silicon Valley entrepreneurs to grandmas rushed into the heady bull market. But the bursting of the Nasdaq bubble, the attacks of 9/11, and the recent meltdown on Wall Street have battered the personal-investing movement and, with it, IBD’s circulation gains. Total circulation has plunged 35 percent in the last 10 years while the Journal has seen its circulation rise by 15 percent over the same period.”
Read more here.
Reuters has won the National Headiner Award for business news coverage for its stories about…
Bloomberg News has hired Andrea Palasciano to cover European Union foreign policy and NATO. She will be…
The Financial Times has struck a deal with OpenAI to train artificial intelligence models on…
Business Insider editor in chief Nicholas Carlson plans to leave this summer, reports Maxwell Tani of Semafor. Tani reports,…
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…