OLD Media Moves

A giant in business journalism

May 13, 2013

Posted by Chris Roush

Howard Gold writes for Marketwatch.com about why Barron’s columnist Alan Abelson, who died last week at the age of 87, was one of the greatest business journalists of all time.

Gold writes, “In a field not known for its humor (Allan Sloan being a notable exception), Abelson’s wit was dry and sly, and he had more varieties of sarcasm than Heinz had products. I suspect his was the best prose much of his Wall Street audience read all week, and many of them read him for pleasure as much as for work.

“But he also was a great editor who shaped business journalism during its Golden Age of the 1980s. That was the time of Michael Milken, leveraged buyouts, insider trading and the stock market crash of 1987.

“During that seminal period, Abelson turned a group of hungry reporters loose on the financial statements of companies whose stocks often had no business trading where they were. Woe to them if there was a hole in their balance sheets or a questionable statement in their footnotes; Abelson and his charges would find it and publish it.

“His edgy, analytical approach to business was similar to that of Jim Michaels, born four years earlier, who produced legendary journalism at Forbes and, like Abelson, trained what became the next generation of top business journalists.”

Read more here.

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