Monthly Archives: March 2010

ME, deputy ME named at Dow Jones Newswires

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Dow Jones Newswires Gabriella Stern, senior editor for global news coverage, sent out the following announcement on Wednesday:

“I’m pleased to let you know that Nick Elliott will become Dow Jones Newswires managing editor for private markets and newsletters, effective April 1. Nick will report to me and will serve as the group’s main liaison to our business colleagues.

Jen Rossa will become deputy managing editor, reporting to Nick, and will head the group in Nick’s absence. She will continue to oversee the private markets team and serve as managing editor of Private Equity Analyst, and will continue working closely with our business colleagues on matters pertaining to private markets.

“Nick and Jen’s titles bring the newsletters group into alignment with the Dow Jones Newswires management structure. Assistant managing editor Scott Austin and assistant news editor Josh Beckerman will continue reporting to Jen. News editor Marie Beaudette will continue reporting to Nick.

“Nick has been overseeing the bankruptcy team, clean technology coverage and custom newsletters. He was previously managing editor of commodities and futures at Newswires. Prior to that he was the European news editor for bond market coverage at Newswires in London. He joined Dow Jones in 1990 as a bond market reporter in London.

“Jen has been overseeing Private Equity Analyst, LBO Wire and VentureWire. She joined Dow Jones in 1999, originally working for the New York equities spot news desk.  Before joining Dow Jones, she was managing editor of The Moscow Tribune, an English-language daily in Russia.”

Bloomberg names head of consumer mobile

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Bloomberg L.P. announced Wednesday that it has hired an ESPN executive to oversee its entry into the consumer mobile news business.

Oke Okaro will become global head of mobile for the Bloomberg Multimedia group and oversee all aspects of Bloomberg’s consumer-facing mobile business including the development of new mobile products. He will report to Bloomberg Multimedia CEO Andy Lack.

“We’re very excited to welcome Oke to this new role at Bloomberg,” said Lack in a statement. “Oke’s expertise and vision will be invaluable as we expand our strategy of delivering first rate multimedia content across every screen, from the Web to television to mobile devices of today and the future.”

Okaro was vice president of mobile at ESPN, having first joined in 2004 as the third member of ESPN’s mobile group. During Okaro’s leadership, ESPN become the leader in mobile sports, offering the No. 1 mobile Web site for sports, the No. 1 alerts service for sports, the No. 1  iPhone app for sports and the No. 1 video service for sports.

Read the release here.

University of Nevada-Reno seeks business journalism chair

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The Reynolds School of Journalism at the University of Nevada-Reno has posted the following job:

“The Reynolds School of Journalism at the University of Nevada, Reno seeks an outstanding journalist to design and lead a new program in business journalism. The bar has been set high by our friend and late colleague, David Morrow.

“Our ideal candidate will combine broad experience in business coverage with an interest in emerging issues of the green economy, economic sustainability and fiscal stress. We are looking for someone who has a distinguished record of publication in print, broadcast or online media and who is energized by the challenges facing journalism today.

“He or she should have extensive experience in journalism or journalism education and be equipped to teach in-depth reporting, both explanatory and investigative. Like all specialties in our school, the business curriculum will be expected to explore new forms of content and delivery.

“We believe the green economy will be one of the next decade’s biggest stories, and we seek a candidate who can bring together policy-makers, business people and journalists to discuss and debate key issues. This emphasis will complement our Master’s program in environmental journalism and our chair will also be able to work with faculty in our College of Business Administration and our Academy for the Environment.”

Apply here.

Dow Jones: No iPad access until we test

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Eric Savitz, who blogs about tech for Barrons.com, has posted an internal Dow Jones & Co. policy related to the upcoming iPad and how it will interact with its networks.

The memo reads:

Apple will make the iPad available on April 3rd, 2010. We understand the commercial importance of this product as it presents another excellent opportunity to distribute elite Dow Jones content to millions of existing and new customers. As we did with the iPhone, our intention is to rapidly assess the device in terms of compatibility with our network and vital applications. It is our responsibility to ensure that our use of this device introduces no vulnerability to our critical infrastructure and services.

We are committed to completing a full test and certification process within two weeks of receiving the first unit. To ensure the integrity of our environment, we will not permit any iPad access to the Dow Jones global enterprise network until our tests are complete. After our testing is complete we will promptly communicate our findings and next steps to you.

Read more here.

Cramer's CNBC audience continues to decline

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The number of viewers tuning into CNBC‘s “Mad Money” hosted by Jim Cramer has continued to decline, according to the Zero Hedge blog.

Zero Hedge writes, “What should be more troubling for the Mad Money Maestro is that the latest Mad Money Nielsen numbers just came in. And they stink: March was the weakest month for Jim Cramer’s show in well over a year. After posting a slight improvement in February courtesy of the market’s consternation with Greece, March was a collapse. Expect many more sound effects, props, gimmicks (luckily, no incremental cleavage is possible) shortly.

“Also expect much more pro-cyclical stock advice (buy if the stock market is going up, sell if vice versa), and more big picture proclamations that are refuted within 24 hours. Also expect many more ads for male incontinence products as the show has to resort to showing increasingly “distressed” advertising inventory.

“Of course there is a much more benign explanation: people are just sick of CNBC in general. Below we present the GE business propaganda channel’s last three years of viewership data.”

Read more here.

ACBJ names editorial director

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TALKING BIZ NEWS EXCLUSIVE

American City Business Journals, the Charlotte-based company that operates 40 weekly business newspapers, has hired a former business journalist to be its editorial director/content development and strategy, a new position.

Mark Pawlosky has been working for more than a decade in online editorial positions, spending nearly 12 years at Microsoft, where he was acting general manager and editor in chief of MSN.com and editor in chief of MSN Money and CNBC.com.

Pawlosky is expected to work with both the company’s traditional print operations and its growing online operations. He has already started and is based at the company’s Seattle paper, the Puget Sound Business Journal. American City’s papers have seen an overall increase in subscriptions in the past year despite the industry downturn.

“Mark gives me someone whose focus is the future — in a more strategic way than operationally,” said Whit Shaw, the CEO of American City, to Talking Biz News in an e-mail. “As we work more on the business journal of the future, for example, Mark will be in the middle of that.”

Shaw added: “So often in an economic environment like today’s, companies tend to withdraw a bit and focus all of their energy inward.  That’s not a bad thing unless you get bogged down in operational ‘weeds’ — minutiae that in the long run doesn’t really make a whole hell of a lot of difference to your business. Hiring Mark helps us make sure that doesn’t happen.”

Pawlosky, a University of Missouri graduate, helped launch MSNBC.com’s news operation in 1996. He was also a reporter for The Wall Street Journal and spent 12 years with American City in news positions in Kansas City, Washington and Charlotte.

“I I liked the fact that Mark has a business journal background but also has more recent experience online,” said Shaw.

For the last few years, Pawlosky has run a digital media consulting business called Launch Media.

Former BW.com editor Byrne to launch Huffington Post for biz news

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E.B. Boyd of WebNewser reports that former BusinessWeek.com editor John Byrne is working on launching a Huffington Post-like Web site that will contain “business, finance, and economics” news.

Byrne discussed his new venture at a panel in San Francisco on Tuesday.

Boyd reports, “‘The business category [online] is less developed than general news, gossip, entertainment, sports, food, women’s service, health,’ Byrne told WebNewser. ‘So there’s a real open road to make something happen here. Smart people can make it happen very easily. The technology costs are low, so the barrier to entry is very low.’

“And he added: ‘Traditional media is blowing it. It doesn’t understand what digital really is. Traditional media isn’t going to invest in online media. That’s why I think there’s a wide open area here. The newcomer has incredible latittude to succeed. The incumbent is disadvantaged every possible way. And that’s why I’m going after it.’”

Read more here. Byrne predicts his site will be able to compete with The Wall Street Journal, BusinessWeek and Fortune.

The 20 best financial blogs

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Michael B. Sauter, Ashley C. Allen and Douglas A. McIntyre of 24/7 Wall St. have picked the 20 best financial blogs on the Web today.

Here are some of their picks:

1) Dealbreaker dealbreaker.com. The New York Post of Wall St. media blogs, Dealbreaker provides an insider’s perspective with a wink and a nod. In this  tabloid, you are just as likely to read up-to-the-minute coverage of Lehman’s bankruptcy as you will contests to find the “money honey” a new nickname.

2) Infectious Greed paul.kedrosky.com. Paul Kedrosky considers himself  to be one of the preeminent financial market pundits. Many people would agree. The site offers the perspective of a former technology analyst, institutional money manager, and venture capitalist. Infectious Greed provides a running commentary on capital markets, economic trends, and complex financial instruments. He’s also not above ranking the best books about the financial crisis by the number of “f-bombs.”

3) The Angry Bear www.angrybearblog.com. Half a dozen professionals, including a tax law expert, a historian, PhDs in economics, business consultants and financial professionals provide perspectives on the financial world. Despite their expansive coverage of economic issues, their articles are as deep as their coverage is extensive. Topics include world trade, industrial production, U.S. Government programs, and major regulatory issues.

Read more here.

Former ACBJ head Shaw named to N.C. Journalism Hall of Fame

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Ray Shaw, the former chairman of American City Business Journals, which operates 40 business weekly newspapers throughout the country, has been named to the North Carolina Journalism Hall of Fame, according to a story in the Charlotte Business Journal.

The story states, “The N.C. Halls of Fame, based in the UNC School of Journalism and Mass Communication, honor individuals who have made outstanding, career-long contributions to their fields. Honorees have made significant contributions to the state.

“Shaw died July 19 of complications from a yellow jacket sting. He was 75.

“He joined ACBJ in 1989 after taking early retirement as president of Dow Jones & Co., publisher of The Wall Street Journal. In his 20 years as chairman and chief executive of ACBJ, the company moved its headquarters to Charlotte from Kansas City, doubled the number of weekly business journals it publishes and expanded into magazines and other media. Along the way, employment grew to more than 1,900 from about 850.”

Read more here.

NYT biz reporter Tweets what she really thinks about Toyota

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New York Times business reporter Hiroko Tabuchi issued a number of interesting, and opinionated, Tweets about Toyota on Monday after attending one of its news conferences.

The Toyota recall and quality problems are on her beat.

The nytpicker site that tracks the Times found the Tweets refreshing, but in violation of the company’s social media guidelines.

The Tweets included:

• ToyotaMan: We’re gonna confiscate your mobile phones once we get off the bus. And you must wear our (butt-ugly) yellow Toyota hats. Whaa..?

• Me: Since we’re just sitting here waiting to depart, can I go get a coffee? ToyotaMan: No. Me: I’ll be back in just a minute. ToyotaMan: No.

• Back! Toyota coffee machine just recalled my coffee, said it failed a taste check so it wd make another cup. I’m dead serious, place is nuts

• Akio Toyoda took very few questions, ignored reporters incl me who tried to ask a follow-up. I’m sorry, but Toyota sucks.

Read more here.