Tag Archives: Agate changes

California paper drops printed stock listings

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Joe Livernois, the executive editor of the Monterey County Herald in California, writes about why the paper has decided to cut its printed stock listings from the business section.

Livernois writes, “For the past two years or so, The Herald remained one of the last newspapers our size to publish a full daily listing of stock market activity. In fact, we may have been the last newspaper in the United States not named Investors Business Daily to provide such an exhaustive daily review of stocks and bonds and mutual funds. The Wall Street Journal doesn’t even list as many stocks as The Herald did, until recently, in teeny print, Tuesdays through Saturdays.

“For those of us who don’t dabble in the markets, the stocks listings were dead gray space in the daily paper. For most of us who do pay attention to the markets, the daily newspaper listings were, at the least, redundant — or, at the worst, outdated.

“Now it’s time to put away the magnifying glasses. We eliminated the three pages of stock listings two weeks ago.

“Of course, we received several dozen calls of complaints, not as many as the knucklehead editor received when he dropped For Better or For Worse from the daily comics page a couple of years ago.

“At this juncture in modern society and trade, the vast majority of investors are linked in to their portfolios with immediate digital access. In less time it takes to find the Business page in The Herald, I learned on Yahoo! Finance that Apple stock was up 0.25 percent at 12:04 p.m. Thursday. If I relied on the stocks listings in a printed newspaper, I’d have had to wait until Friday morning to learn how Apple closed on Thursday — and who knows what the stock was doing Friday morning?”

Read more here.

Denver Post cuts stock listings during the week

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The Denver Post announced Wednesday that it would discontinue printing stock and mutual fund listings during the week.

A brief item on its website states, “Starting today, the Business section will no longer carry stock and mutual-fund tables Tuesday through Saturday. We’re eliminating the tables to lower our newsprint costs.

“Readers will still be able to get daily stock and mutual-fund information by going to denverpost.com/business. Stock quotes also are available by calling 800-555-8355.

“The Business section will continue to provide market-roundup information each day, including a report on the major indexes, New York Stock Exchange winners and losers and a daily markets story. On Sunday, we’ll also continue to publish our Your Money page with weekly stock recaps, CD rates and credit-card information.

“We know you may miss print access to individual stocks and mutual funds, but we encourage you to use The Denver Post’s online service to stay on top of the market.”

Read more here.

Charlotte Observer cuts stock listings

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The Charlotte Observer, which earlier this week named a new business editor, has moved its business news section and cut its printed stock listings.

An announcement in the paper states, “Beginning today, Business news will be anchored here on Page 2B Tuesdays through Fridays. Our Saturday Business pages and Sunday MoneyWise section will remain unchanged.

“In addition, stock listings now appear in a different format. Carolinas Inc., your list of stocks with strong Carolinas connections, will appear on this page. The Reader’s Choice listings of more than 300 stocks will now appear only on Saturdays. Our list of 270 mutual funds, many of them selected by readers, will continue to appear in MoneyWise on Sundays.

“Reducing the listings on weekdays allows us to use our space for coverage of local and regional business news, at a time when more and more readers are getting their daily stock listings online.

Read more here.

Tacoma paper cuts Sunday stocks

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The Tacoma News-Tribune has cut its Sunday stock listings as part of an overall redesign of the newspaper.

Executive editor Karen Peterson writes, “Newspapers across the country have done away with stocks listings as people have gone to the Internet for that information (including our own website). Few readers have complained. We will continue the daily listing of local stocks in our Business section.

“We’ll use some of the newfound space for ‘Money Power,’ a column about personal finance topics including savings and investing, college costs, retirement planning and taxes.

Read more here.

Earlier this year, the New London Day in Connecticut moved its Sunday listings to Saturday while The Oregonian in Portland dropped all weekend listings.

Richmond paper brings back standalone business section

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The Richmond Times-Dispatch, a Media General paper, is added to its business coverage, returning its standalone business section for the first time since it was cut in 2006.

A brief in the paper states, “The new section can be found after the Sports section on most days.

“With a section front Tuesday through Saturday, we’re adding a fourth page of business news. We’re expanding our daily stock listings — as other newspapers across the country eliminate their listings or reduce them. And we’re providing readers with new content.

“Sunday’s Moneywise and Monday’s Metro Business sections remain the same.”

Read more here. Only a handful of papers that cut standalone business sections in the past five years have added them back.

Connecticut paper moves stock listings to Saturday

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The New London Day in Connecticut is moving its printed stock listings from Sunday to Saturday.

A brief states, “The Day’s Sunday markets page, which includes end-of-week prices for stocks and mutual funds, along with a markets summary, will be moving to the Saturday edition beginning on Feb. 26.

“The change is the result of The Day’s move to print the daily and Sunday editions at The Providence Journal. As part of that process, the Sunday Business section will now be printed before those stock-and-fund tables are available.

“The full page of market information, which is transmitted each Friday night from the Associated Press, will appear in the Saturday Business section in The Day.”

Read more here.

North Carolina paper ME explains biz coverage changes

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TALKING BIZ NEWS EXCLUSIVE

Carol Hanner, the managing editor of the Winston-Salem Journal in North Carolina, explained to Talking Biz News the recent changes made to its business coverage, including an expanded Sunday business section.

“Our new Sunday business section has added a local Q&A or business profile in addition to the Sunday cover story and secondary story we normally do, a column by a local consultant on job searching skills and techniques and a personal finance column by syndicated writer Scott Burns,” said Hanner.

“We also created a full daily business page (except Monday) as a second A-section cover to highlight local business coverage more.

“Previously, we had a half page of business inside the A-section, with the other half being daily stock listings. We eliminated those, on the premise that they had been so reduced that they weren’t totally useful and most people who monitor stocks daily aren’t looking to the newspaper for that.

“We got a lot of complaints, primarily from older readers who don’t have computers or don’t like using their computers, and they don’t really use the paper for trading, but they just liked looking at them. We do have stock listings on Sunday, so many subscribers accepted that, although they would prefer to have them daily.

“We also stopped publishing two Wall Street Journal pages in Sunday business, purely because of the cost, especially the news print. That was a tough decision but our options financially would have been to cut another reporter, so I opted for focusing on local coverage first. That didn’t generate the opposition that daily stock listings removal did.”

Ohio paper cuts stock listings

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The Coshocton Tribune newspaper in Ohio is cutting its daily printed stock listings.

Managing editor Len LeCara writes, “Beginning today, we will run a weekly roundup of local stock listings. We eliminated the weekday listings to give us more space to run local items.”

The move continues a trend where the smaller dailies and weeklies have begin cutting their printed stock listings. The metro dailies began cutting their printed stock listings three or four years ago.

Other newspapers that have cut their standalone business section include the Boston Globe, Seattle Post-Intelligencer, Seattle Times, Chicago Tribune, Orange County Register, St. Petersburg Times, Tampa Tribune, The (Raleigh) News & Observer, Denver Post, Cincinnati Enquirer, Columbus (Ohio) Dispatch, Reno (Nev.) Gazette-Journal, Winston-Salem (N.C.) Journal, Monterey (Calif.) Herald, Palm Beach Post and Akron (Ohio) Beacon-Journal.

Read more here.

Oregonian cuts weekend listings

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The Oregonian, the daily newspaper in Portland, has cut its weekend stock and mutual fund listings from the paper, effective this weekend.

Therese Bottomly, the paper’s managing editor, writes, “The weekly roundup of stocks will no longer appear in Saturday’s Business section, starting with today’s edition of The Oregonian. The same is true for the weekly mutual fund roundup that has appeared in Sunday Business. That goes away as well.

“On Saturdays, there will be a daily stocks page just like there is Tuesday through Friday now.

“The Oregonian has added a stocks lookup online so readers can follow their favorite stocks.”

Read more here.

WaPo readers upset with biz section errors

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Andrew Alexander, the ombudsman for the Washington Post, writes about some recent errors in the business section.

Alexander writes, “On the Wednesday before Christmas, the entire half-page package of listings for the financial markets was repeated from the previous day. Every chart and index, from the Dow Jones Industrials to currency rates to commodities prices, was identical.

“Some readers who rely on the newspaper to track investments expressed irritation and dismay. ‘I find it to be unbelievable that the editing has gotten so thin that something like this can happen,’ wrote Alan Negin of Reston.

“Several others noted that the Federal Employees’ Thrift Savings Plan, listed in each Sunday’s Business section, contained months-old performance ratings from October. ‘This information is of interest to thousands of us active and retired feds,’ wrote District reader Sarah Rouse. ‘Please give us current data.’”

Read more here.