Top 10 biz journalism events for 2011
by Chris Roush
TALKING BIZ NEWS EXCLUSIVE
Here are the top 10 events in business journalism in the past 12 months:
10. Randall Lane’s hiring as editor of Forbes in August. The business magazine has undergone a design and conceptual overhaul under Lewis Dvorkin. Now it’s time for Lane to execute with improved content that will draw in readers.
9. TheStreet.com strikes content deals. The financial news site is now providing stories and other content to newspapers owned by Gatehouse Media, Freedom, and the Journal Register Co., among others, in its bid to become the business news section of the Internet. It’s a strategy that bears watching as the company looks for a new CEO.
8. Reuters expands its staff. Under new editor Stephen Adler, the business wire has been hiring new reporters and editors, including many who used to work at The Wall Street Journal and Dow Jones, Adler’s former employer, such as former Journal front page editor Alix Freedman. It’s caused some grousing by long-time Reuters staffers as the two cultures collide.
7. Michael Arrington leaves Tech Crunch. The tech blog is now owned by AOL, and founder Arrington left after he decided to run a venture capital fund investing in tech companies. The potential conflict of interest raised many questions and caused a rift with the site’s staff, which
6. New York Times biz section doesn’t rebuild, it reloads. Business editor Larry Ingrassia hired Amy Chozick and Nick Wingfield from The Journal and Quentin Hardy from Forbes. It also plucked Charlotte Observer business editor Patrick Scott to be finance editor. But the hiring of Pulitzer winner Jim Stewart as Saturday columnist shows that the paper still is a force to be reckoned with.
5. “Nightly Business Report” overhaul. The business news show seen on more than 250 PBS stations opened new bureaus, introduced new segments and trimmed its staff, firing its managing editor. It was also sold for the second time in two years.
4. Wall Street Journal publisher Les Hinton resigns. Hinton was also the CEO of Dow Jones & Co., the parent of The Journal, Marketwatch.com, Barron’s and Dow Jones Newswires. He got caught up in the News Corp. phone hacking scandal occurring in Britain, leaving a management void at the top of the business news operation.
3. Death of CNBC anchor Mark Haines. Haines took no crap from his colleagues and the guests he interviewed on CNBC. His untimely departure from the No. 1 business news network has left a big void that has yet to be filled.
2. Pulitzer wins by biz journalists. There were four winners and five finalists of the Pulitzer Prizes that were forms of business journalism, from investigative pieces to commentary to editorial writing about business and economics news and issues. It’s the best showing for business journalism in the history of the awards.
1. New technology transforms biz journalism. Stories, charts, graphs and other business journalism content is no longer just delivered by newspapers, magazines and websites. It’s now found on cell phone apps, tablets and various other gadgets, transforming how the content is produced and how it is digested, which has forced some business media to change how they report and write their content.