They Talk Biz News

Michael P. Regan

Writing about the stock market: An endless supply of ideas

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Michael Regan is a Bloomberg News writer and editor based in New York, where he puts out a daily column on the United States and global stock markets. Lauren Meller of the Bloomberg public relations staff interviewed him about his work.

Here is an excerpt:

How do you find fresh topics to write about every single day?

Luckily for me, the stock market offers an almost endless supply of column ideas. I like to focus on the macro –what the main indexes and sectors of the market are doing, what the major trends are and what is likely to happen next. Then there are also a million and one stories to be told with individual stocks.

What challenges do you face with the column?

The difficulty comes in narrowing down the topics and choosing the most important issues of the day. I get up around 4:30 a.m., and during my commute to work, I start reading the news and my inbox, which is usually filling up with research and notes from traders, analysts and others in the market. Once I arrive at work, I get a sense of what the futures and overseas markets are doing and then decide on the topic very early, with the goal of getting the column published before noon.

Read more here.

Janet Guyon

TheStreet.com names new editor in chief

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Janet Guyon has been named editor in chief of TheStreet.com website, replacing Bill Inman, who is leaving to pursue other opportunities.

Guyon joins TheStreet from Investopedia, where she has served as managing editor. Before that, Guyon worked at Bloomberg News for four years, managing Bloomberg.com and editing “Top” news.

Guyon has more than 18 years’ experience with Dow Jones and The Wall Street Journal, where she began her career as a reporter and editor, covering corporate strategy, telecommunications and money and markets in the U.S. and Europe.

After nine years at Fortune and four years at Bloomberg, Guyon returned to Dow Jones in 2010 as managing editor of Fins.com, which was successfully sold after winning two SABEW Best in Business Awards and doubling unique visitors.

“Janet is exceptionally well qualified for this position,” said TheStreet CEO Elisabeth DeMarse in a statement. “The digital journalist of today must be skilled at doing video, social media, and incorporating search engine optimization, as well as developing sources and writing stories. They need to have charisma, as well as content. Janet is a true digital journalist and editor with a strong history in real-time financial markets and business coverage.”

Inman had joined the company two years ago after stints at Institutional Investor and Bloomberg News.

DeMarse added: “Bill’s contributions to our company are too many to count. He has overseen the transition of TheStreet.com newsroom from a staff reporter model to a contributor model, while maintaining quality and story production. Our unique visitors have grown 50 percent under Bill’s leadership. Bill also led the development of TheStreet TV, which has been extremely successful, recently being named an Official Honoree by the coveted Webby awards. Bill will always be a valued friend of TheStreet.”

As editor-in-chief, Guyon will have oversight of The Street.com editorial team, including TheStreet TV.

Jason Fields

Reuters.com names opinion editor

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Dan Colarusso, the executive editor of digital at Reuters, sent out the following staff hire announcement on Thursday:

I’m happy to announce that Jason Fields is joining Reuters.com as Editor-in-Charge of its Opinion section.

A journalist with a broad set of interests, Jason has compelling plans for the section, including the addition of more graphic-rich, data-driven and multimedia content as we push toward a thoroughly modern online commentary offering.

In Jason, we’re bringing on an editor with leadership experience across various content types and media companies. Over the last two decades he worked at publications including The New York Times, The Washington Post and was the editor of the Pulitzer prize-winning Riverdale Press. For five years he served as senior multimedia producer at the Associated Press, where he led a 14-person team responsible for creating daily syndicated multimedia news packages for major media.  Most recently, he was the National Channel Manager for Digital First Media, where he was responsible for both daily coverage and long-term strategy for national news at Project Thunderdome.

Oh, and in his spare time, he wrote a historical mystery novel “Death in Twilight: A Murder in the Midst of a Holocaust” that was published in 2013.

I’ve known Jason personally for a few years and have found him to be smart, forward-thinking and of the highest integrity. I think his addition will help the entire Reuters.com operation. His first day will be May 5.

Debra Sherman

Reuters health care reporter Sherman dies of lung cancer

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Debra Sherman, a Reuters reporter for more than two decades who covered the health care industry, died Tuesday from lung cancer.

Reuters editor in chief Steve Adler writes, “Deb’s signature mix of humor and moxie made her a fierce reporter and wonderful friend to so many of her colleagues around the world. She covered healthcare for more than a decade, breaking news on the medical device industry and writing considered pieces on such subjects as the rising financial toll posed by a cancer diagnosis.

“After learning of her own illness, she employed that expertise in fighting the disease and imparting to readers honest accounts of her experience. Her “Cancer in Context” blog attracted a wide following among oncologists, cancer patients and their loved ones. In her memory, we recall here an excerpt from her inaugural post that speaks to her bravery and spirit.

If there has been an upside to this dreaded disease it is that people are so kind when they find out I have cancer, even nicer than when I was pregnant with my two children. Loved ones seem to love me more, or tell me so more often. Everyone wants to do things for me and offer help. The love has come from some unexpected people and warms my heart in indescribable ways. At times, the outpouring feels as if it could actually cure me.

Read more here. Sherman covered health care for more than a decade. Prior to that, she covered corporate news, financial and derivative markets, including the London stock market, when she worked out of the London bureau in the mid-1990s.

Forbes Vietnam3

Forbes strikes deal for Philippines edition

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Forbes Media LLC and Summit Media announced a partnership to launch Forbes Philippines, a monthly magazine published in English. The first issue of Forbes Philippines will be published in early 2015.

Forbes Philippines will have access to Forbes stories from around the world and will feature local content from the Forbes Philippines editorial team. The initial circulation of Forbes Philippines will be 10,000 per month.

William Adamopoulos, CEO/Asia of Forbes Media LLC, said: “We are excited to be partnering with Summit Media to launch Forbes Philippines. The Philippines is one of ASEAN’s most dynamic economies and Forbes Philippines will serve the country’s growing community of tycoons, CEOs, investors and aspiring entrepreneurs.”

Forbes has licensed editions in 34 countries, including Argentina, Bulgaria, China, Croatia, Czech Republic, Georgia, India, Indonesia, Israel, Kazakhstan, Korea, Middle East, Poland, Romania, Russia, Slovakia, Turkey, and Ukraine.

Louis Lavelle

Lavelle, former Businessweek B-school editor, lands new job

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Louis Lavelle, business schools editor for Bloomberg Businessweek from 2005 until he was fired late last year, has found a new job.

Lavelle started this week as editor of TopMBA.com and QS Rankings at QS Quacquarelli Symonds. His responsibilities include managing the QS Rankings of the top 200 MBA programs in the world and overseeing strategy for the TopMBA.com web site.

“Louis Lavelle is a higher education journalist of the highest quality, with whom we have had contact for many years, and QS is delighted to welcome him as part of our global team to provide richer, deeper coverage of quality educational institutions around the world,” said CEO Nunzio Quacquarelli in an email to Talking Biz News.

Lavelle was an associate editor for the magazine. Previously, he was BusinessWeek’s management editor. Since taking over as the magazine’s business schools editor in 2005, his team expanded the franchise to include coverage of Chinese business schools and new rankings of undergraduate business programs, part-time MBA programs, the best employers for new college graduates, and the best employers for internships. In 2007 and 2008, BusinessWeek won National Magazine Awards for the B-schools channel on Businessweek.com.

Lavelle is also the author of “Fast Track: The Best B-Schools” (McGraw-Hill, 2008). Prior to BusinessWeek, Lavelle was a reporter at The Record in Hackensack, N.J.

He was dismissed from the magazine shortly after the magazine revised its rankings of top MBA programs due to a calculation error.

Forbes power

Sale of Forbes is in doubt

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Forbes Media LLC’s effort to find a buyer is running into trouble, with one potential bidder officially out of the running and two others no longer in active talks, reports Alex Sherman, Stefania Bianchi and Cornelius Rahn of Bloomberg News.

Sherman, Bianchi and Rahn write, “Germany’s Axel Springer SE, which publishes the Russian edition of the magazine, isn’t involved in any process to acquire Forbes, Edda Fels, a spokeswoman, said yesterday. The company had been interested in bidding for the New York-based publisher, people with knowledge of the matter said in February.

“Singapore’s Spice Global Investments Pvt also has removed itself from the process, said one of people, who asked not to be identified discussing private information. China’s Fosun International Ltd. (656) hasn’t held active talks for the asset for some time, another person said. Those buyers decided that Forbes was asking too high a price, both people said.

“Forbes, which is working with Deutsche Bank AG on the sale, is seeking as much as $400 million, people with knowledge of the matter said in November. Final bids were due in February, people familiar with the situation said at the time.

“Mia Carbonell, a spokeswoman for Forbes, declined to comment. Mayura Hooper, a spokeswoman for Deutsche Bank, didn’t immediately respond to a request for comment outside of regular business hours. Representatives for Spice Global and Fosun weren’t immediately available for comment. Axel Springer, Spice and Fosun were the only bidders known to be interested in buying Forbes, the people familiar with the situation said.”

Read more here.

Felix Salmon

Reuters blogger Salmon to take on web-based role at Fusion

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Prominent Reuters financial blogger Felix Salmon will join the cable network Fusion on Monday in a web-based role that runs across multiple media, reports Ravi Somaiya of the New York Times.

Salmon writes, “‘The reason why I am going to Fusion,’ he said in an interview Wednesday, ‘is that they have the ability to help me communicate in the ways that people are going to consume information in the future. Which is not 1,500-word blocks of text.’

“Though his title will be senior editor, Mr. Salmon plans to use the strengths of the network, which is owned by ABC and Univision, and is aimed at a younger audience, to produce ‘animations, videos, data visualization stuff, ways of using other platforms to convey information and tell stories.’

“Fusion, which gets the bulk of its revenue from cable fees, is not focused on building an audience for its website ‘that it can then sell to advertisers,’ he said. Freed from the constraints of having to attract people directly to a website, he said, ‘you can have a lot of fun.’

“The network, said Daniel Eilemberg, its chief digital officer, aims to be a ‘multiplatform, digital-first cable network, which is trying to reach an audience that is digital-native.’”

Read more here.

Sheila Courter

WSJ’s real-time desk names senior editor

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Wall Street Journal real-time editor Steve Wisnefski sent out the following staff promotion on Tuesday:

I am pleased to announce that Sheila Courter will be joining the RealTime Desk in New York as a senior editor. Sheila brings two decades of experience at The Wall Street Journal to this important new role, in which she will edit and help shepherd major breaking news stories to ensure all our digital platforms are served quickly and expertly.

Sheila comes to her new role from the U.S. News Desk, where she has served as a deputy overseeing the Journal’s national news coverage online. She was part of the team that won several awards for its coverage of the Supreme Court’s Affordable Care Act decision, including the National Press Foundation’s 2012 Excellence in Online Journalism Award.

Sheila has helped manage the real-time coverage of many major breaking U.S. News stories since she joined the desk in 2010, from the midterm and presidential elections to the Boston Marathon bombings. She began as a news assistant in 1993, and had stints as night editor, page-one slot, deputy copy chief and hub desk chief.

That wide array of experience, combined with her exceptional writing, editing and communication skills, make Sheila ideally suited to a position on the RealTime Desk that involves driving news coverage, coordinating with journalists throughout the newsroom and mentoring colleagues.

Sheila will start in her new position in May and will report to me. Please join me in wishing her much success.

Bloomberg Businessweek

Departure of creative director affects Bloomberg overhaul

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The departure of star creative director Richard Turley from Bloomberg Businessweek will affect the major gear shift being implemented by Bloomberg Media chief executive Justin Smith, reports Joe Pompeo of Capital New York.

Pompeo writes, “Smith is plotting a new course for Bloomberg Media Group that largely focuses on building out a bigger, smarter and more consumer-friendly digital presence for properties like Businessweek and bloomberg.com, which serves as an online repository for Bloomberg News. The strategy also involves an overhaul of Bloomberg TV, a business- and finance-focused cable news channel that has struggled to generate a significant audience.

“Turley, whose compelling, forward-thinking aesthetic was credited with making editor Josh Tyrangiel‘s Businessweek makeover a smashing success, was to be involved in all of Bloomberg Media Group’s design plans going forward, according to sources familiar with the matter. He did not respond to an interview request submitted through a Businessweek spokeswoman.

“‘It’s a huge loss,’ one source said. ‘People are perplexed about how they let him get away.’

“At the same time, Capital has learned, Bloomberg Media Group recently retained the design firm Hard Candy Shell, which has been responsible for some of the most high-profile digital journalism relaunches of the past several years, including The New Republic and the New York Post.”

Read more here.