Tag Archives: Agate changes
The Fort Myers News-Press has become the latest paper to cut its stock listings, according to a story in Wednesday’s paper.
The News-Press will now run the new “Markets and Money” page offered by the Associated Press.
Executive editor Kate Marymont wrote, “Listings will be reduced from three pages to one page Tuesday through Saturday. Our Sunday report will not change. We will continue to publish ‘The Weekly Market in Review.’
“With market information available real-time on the Internet, few people any longer rely on a printed newspaper to follow investments. Reductions in stocks have been made at newspapers across the country, including The Wall Street Journal, The New York Times, Washington Post, Chicago Tribune and The Boston Globe.
“The cost of paper is our second-largest annual expense. Think about the math: If we save two pages a day, five days a week, 52 weeks a year, we save several thousand dollars annually. That is money we can re-invest in products and services for changing readers.
“We are making this change because we know that investors have moved to online and the impact will be limited. Stocks can be tracked live on news-press.com/business.”
Read more here.
It’s been nearly a year since the Indianapolis Star decided to cut its stock listings, but at least one reader is still upset with the move.
Lynn Beck wrote, “I understand that this information is available online; however, many of us still enjoy flipping through the actual paper in the morning while drinking our coffee and preparing for the day.
“You tell readers to find this information on your Web page, well then, how about eliminating last night’s sports scores and telling people to read them online? Not much different.
“I know how valuable the Internet is. I am online every day. But there is a simple pleasure in reading through the newspaper. I actually like to read it and not have to look at my computer screen. Please rethink your decision to omit news information such as the stock market figures.”
Star editor Dennis Ryerson actually mentioned using the Web to provide more information to readers in his Sunday column.
Ryerson wrote, “Our goal is to use the Web to guide readers to more information, the kinds of things that ordinarily would not appear in the morning paper. We regard that as adding value, not taking away.
“The big exception is our market report in the Business section. Most people now get that information online throughout the day. The Chicago Tribune and The New York Times are among the many newspapers that have cut or sharply reduced their printed market report.
“Even the leading paper that reports on the market, The Wall Street Journal, has trimmed some of its listings.”
The Des Moines Register’s business section has had renovation, and it includes everything from the stock pages to the number of pictures of local business people that it’s going to print, according to a column from editor Carolyn Washburn.
Washburn wrote, “We’re also bringing you a more meaningful package of financial/market information. We have been watching for several years as investors moved online to follow stocks and review their portfolios. We have now reached the point that research shows most people use the Internet and most investors use Web sites to follow stocks. That means the stocks pages are not the most efficient use of our space, which is one of our most important resources.
“Starting Tuesday, we will replace our stocks listing with a new market page. We’ll bring you more stocks of Iowa interest than before and more data on each stock. The page will help you chart meaningful trends in financial categories and provide smart analysis of what’s going on in the economy. Our goal is to bring you more context and more analysis so you understand what’s going on behind the numbers on Wall Street and in our economy.
“We will continue to run a list of stocks every Saturday that shows you how they performed that week.
“All of this adds to improvements we have been making to the Business section over the last few months – more Iowa stories on the Business cover, more focus on the people who are making the news, more in-depth stories about the issues facing our state.”
Read more here.
Naples Daily News editor Phil Lewis said in his Sunday column that the Florida paper will cut its stock listings beginning this week.
Lewis wrote, “We currently devote four full pages a day to market listings. In the future we will have one page a day. Half of the page will list the 1,000 most active stocks traded the previous day. The other half of the page will list the top mutual funds. As in the past, if readers want a specific stock listed each day, they will be able to request it by leaving us a simple phone message.
“A second daily page will be devoted to new graphs, charts and statistical analysis that will be helpful to the casual, as well as the serious, investor.
“The Daily News is not alone in changing the way stock market information is reported in the daily newspaper. Newspapers from Phoenix to Chicago to Philadelphia have cut the daily listings to a page or less.
“Last Tuesday, The Wall Street Journal unveiled its new look and format. It too has reduced the number of stock listings. In the Journalâ€™s case the basic listings have gone from a half-dozen or more pages a day to two pages or less.”
Read more here.
If you had Birmingham, Ala., in the pool for what city would see their newspaper cut its stock listings first in 2007, then you’re today’s winner.
A short story in Wednesday’s paper stated that beginning Thursday, “The listings for stocks and mutual funds, currently spread over two pages, will be reduced to one page. More readers are getting their stock quotes and mutual fund prices off the Internet, often just minutes after the market closes.
“The News’ Money section will continue to list daily prices for more than 800 stocks and 900 funds, generally for the most active stocks and largest funds based on asset size. And we’ll continue to run stocks and funds requested by readers. To make a request, call the Stock Request Line at 325-3474, send an e-mail to email@example.com or a fax to 325-3282.
“Complete stock listings are available at www.al.com/stocks.
“Reducing our stock listings to one page will allow us to expand the amount of space we devote to business news coverage, particularly technology-related news.”
Read more here.
The Chicago Tribune, which last year cut its stock listings during the week, has now said it will trim its weekend stock listings, according to Editor & Publisher.
The Tribune said that beginning Jan. 6, it would reduce the number of NYSE, NASDAQ, AMEX and mutual fund listings, “and add richer analysis across more categories to help you make wiser investment decisions.”
The paper said after the reductions, it will publish more than 2,000 NYSE listings, more than 800 NASDAQ and AMEX issues, and more than 700 mutual funds.
The Wall Street Journal announced Monday that it will offer a free markets data center on its WSJ.com web site beginning Jan. 2.
Based on the announcement, it seems as if the Journal can be headed in two ways: It wants to take readers away from newspapers that have dropped market information from its printed paper, or it plans to do the same.
This site will provide extensive markets information and easy ways for users to put data into context. Features include quick scanning and charting capability of stocks and indexes; integrated access to market-moving headlines; and email delivery of key market information including the Journalâ€™s closely watched Money Rates. A tour of the new Markets Data Center is available at www.wsj.com/mdctour.
The online Markets Data Center was developed in tandem with the redesign of the print Journal scheduled to debut on Jan. 2. The newly designed print Journal will provide top stocks listings and new value-added statistics that graphically communicate information and analysis. Each day for free, via the online Markets Data Center, users can screen more than 5,500 issues that trade on the New York Stock Exchange, Nasdaq and American Stock Exchange.
â€œThe online Markets Data Center is the new destination for monitoring the markets,â€? said L. Gordon Crovitz, executive vice president, Dow Jones & Co. and publisher, The Wall Street Journal. â€œOur aim is to help users extract the most financial information and insight with the greatest efficiency and convenience,â€? he said in the release.
Read more here.
Add the Detroit Free Press to the list of newspapers that have cut their stock listings in the past year.
In recent weeks, that list has included the Washington Post, Houston Chronicle and the Seattle Times.
An item in the Free Press on Thursday stated, “The Free Press makes a change in its financial markets report starting today, reducing stock-market listings and adding new information on the automotive sector and other stocks of interest.
“The changes are in response to the way most readers get their financial information these days — on the Internet. You can check your stocks at any time at freep.com. Simply search for the ‘check your stocks’ link and follow the instructions.
“You also can visit freep.com to see the latest Michigan business news throughout the day.
“A text message service is available for cell phone users to get live stock quotes.”
Read more here.
Editor at largeÂ Mike Fancher wrote in his Sunday column that the Seattle Times would cut its stock listings beginning this week.
Fancher wrote, “The Times will eliminate stock and mutual fund A-to-Z lists Tuesday through Friday. Instead, on those days, the Business Section will carry a Money & Markets page, with Northwest stock prices and key summary market numbers from the day before for stocks, mutual funds and bonds. The A-to-Z listing will continue to appear on Saturday.
“This change will be a hardship for some readers, but our research tells us that fewer and fewer of you rely on a printed newspaper to keep track of your investments. By dropping the tables, we save money on newsprint and we’re able to provide information that most investors will find more helpful than the old listings and more local information that readers can’t find elsewhere.
“‘We’re eliminating content that is available elsewhere and giving our readers what they can’t get everywhere else,’ said Becky Bisbee, Times business editor. ‘We kept the focus on Northwest stocks, with complete listings from Washington, Oregon and Idaho.’
“The new Money & Markets page will have larger type and more visual elements. Bisbee explained, ‘You can look at the page and quickly know which directions things are moving. You can see trends quickly. It’s not just eye candy, it’s informative eye candy.’”
Read more here.
The Washington Post, which last week dramatically cut its published stock and mutual fund listings, is bringing some of them back at the request of its readers.
A short notice in Wednesday’s paper stated, “Starting today, we will publish trading information on 1,400 stocks and 2,100 mutual funds. The list now includes shares of the biggest companies and mutual funds, stocks issued by local companies and those stocks and funds held by a large number of Post readers.
“Full listings of individual stocks and mutual funds will continue to appear in Sunday Business. Monday’s Washington Business will continue to publish expanded data on local stocks. You can find up-to-the-minute stock quotes, mutual fund data and investing tools at http://washingtonpost.com/markets.”
Read more here. The paper had previously cut back to 1,000 stocks and 2,000 mutual funds.