Tag Archives: American City Business Journals
Mitchell writes, “The site will employ five editorial staffers, but the announcement gives no indication, other than aggregation and headline-writing, of what they will do. Josh Moss, Portfolio.com’s managing editor, will be the ‘lead editor.’ But ‘full power,’ including editorial power, will go American City, in the words of the New York Observer‘s John Koblin. That power will be wielded to give Portfolio a ‘stronger focus on industry news’ and ‘to offer information relevant to today’s business professionals,’ said Tim Bradbury, president of American City.
“The company’s announcement continued: ‘The site now will have access to local market intelligence and work collaboratively with ACBJ newsrooms across the country, presenting the most important local insights through a national lens and making it unique among national business media.’
“How that differs substantively from American City’s current hub, bizjournals.com, is not clear.
“Who knows, maybe they’re just keeping the domain name active to prop up its value until the economy improves and it can be sold for a decent price. In the meantime, this amalgamation seems to make little sense, at least from a reader’s perspective.”
Read more here.
Bizjournals.com will oversee both the editorial and business sides of the site.Â The Portfolio.com editorial team and sales staff will be based in New York. In addition to newly created content, the site will share content with other CondÃ© Nast sites such as Wired.com, GolfDigest.com, and WWD.com, as it did before.
American City Business Journals and CondÃ© Nast are owned by the same parent company. The print edition of Portfolio closed last month after a two-year run.
The site will also remain the home of the archives of all the content published by Portfolio’s print and digital properties over the past 24 months.
“We are excited about continuing Portfolio.com and including the site in the bizjournals network because we were impressed by Portfolio’s strong web presence, its clean and crisp design, and its voice in the business journalism marketplace,” said Tim Bradbury, president of new media at American City Business Journals, in a statement. “We believe our readers will benefit as the re-launched Portfolio.com will have a stronger focus on industry news and a greater mission to offer information relevant to today’s business professionals.”
Portfolio.com will leverage the skills and insights of the more than 600 ACBJ business journalists around the country. The site now will have access to local market intelligence and work collaboratively with ACBJ newsrooms across the country, presenting local insights through a national lens and making it unique among national business media.
John Koblin of the New York Observer is reporting that Charlotte-based American City Business Journals has expressed an interest in taking over the Web site of the now-closed Conde Nast Portfolio magazine.
Koblin writes, “American City Business Journals, which is operated by CondÃ© Nast parent company Advance Publications, ‘has expressed real interest in taking it over,’ according to a source.
“But the relaunch wouldnâ€™t come out of 4 Times Square: ACBJ is based in Charlotte, N.C. (is Big Business really leaving us for this Southern dame?), though the new portfolio.com would have a New York office.
“Immediately after the magazine folded, Ad Age reported that ACBJ wanted to take portfolio.com over, but that earlier deal fell through.
“If they get a green light, expect a very small staff to be working on it, including former portfolio.com staffers.”
Read more here.
Rami Grunbaum, deputy business editor of the Seattle Times, writes Sunday about why the Puget Sound Business Journal hasn’t written about its own layoffs.
Grunbaum, editor of the publication from 2002 to 2004,Â writes, “Not only did the prize-winning Seattle newsweekly neglect to cover its own cuts â€” publisher Emory Thomas Jr. went a step further, according to several sources: He warned that anyone who talked or blogged about the cuts could be fired.
“The paper laid off seven people April 24: three of the 19 in its newsroom and four in its business operations. A revised staff box published Friday shows 39 employees, down from 50 in February.
“Thomas, the Business Journal’s editor before he became publisher, said in a written response to questions that ‘these are challenging times’ but ‘the paper remains solidly profitable.’ He declined to discuss the number of layoffs and didn’t address his warning to staffers.
“Not surprisingly, the paper’s journalists had absolutely no comment.”
TALKING BIZ NEWS EXCLUSIVE
American City Business Journals chairman Ray Shaw told business journalists Monday night that he believes that the layoffs and cutbacks in business journalism have hit bottom and that the industry will begin to rebound by the end of the year.
Shaw noted that his company, which owns and operates 40 weekly business journals across the country, employs 600 business journalists, the same number as lastyear.
“At this time next year, I would expect we would have more,” said Shaw, noting that his company was “solidly profitable” and had no debt.
Shaw received the Society of American Business Editors and Writers‘ Distinguished Achievement Award Monday night in Denver. His career in business journalism has spanned 50 years — 30 with Dow Jones & Co. and 20 running Charlotte, N.C.-based ACBJ. The business weekly company has had 20 consecutive years of growth and has increased circulation in each of the past five years, said Shaw.
Shaw criticized daily newspapers who have cut their standalone business sections and who give away content for free on the Internet.
“I think the dailies can be a lot smarter in dealing with the Web,” said Shaw. “The Wall Street Journal has it right. I think the model has to change.” All of ACBJ’s papers charge for access to Web content from their print publications.
Noting that the New York Times ran an article Monday about a 90-year-old health reporter at the San Francisco Chronicle, the 75-year-old Shaw noted that he still has a lot more career left.
“I love this business,” he said. “I expect to be in it for a lot more years. Hopefully, we’ll have managers who won’t give away the dran thing.”
TALKING BIZ NEWS EXCLUSIVE
American City Business Journals, the owners of 40 business weekly newspapers across the country, announced Wednesday a 5 percent pay cut for employees making more than $35,000 a year and a freeze on existing salaries, according to an internal memo obtained by Talking Biz News.
In the memo, chairman Ray Shaw stated, “The start of 2009 has been the softest stretch that ACBJ has had during the 20 years I have been involved with the company. While thereâ€™s no question that we will remain profitable and rebound from this downturn, it is important that we take steps to cushion the impact of the slowdown as much as possible without harming the quality of our publications, online activities and other services.”
The freeze in pay will take effect on June 1. Each employee affected by a salary reduction will be given two additional paid personal days to be taken by the end of 2009
Later in the memo, Shaw stated, “We are temporarily modifying our policy regarding unpaid sabbatical leaves. Employees with five or more years at ACBJ may apply for a maximum two months leave, with one week each month being charged to vacation. Recommendations are to be made to publishers or unit operating heads with final approval from Charlotte. Certain management members will be excluded from such leaves.
“No open positions will be filled without my permission.
“Please contact your publisher or unit operating head if you have any questions about these matters.
“I thank all of you for what you contribute to make our company the exceptional place it is. We will emerge from this rough patch stronger than ever.”
The Dallas Business JournalÂ is eliminating two positions and restructuring the work associated with others, according to a stiory on its Web site.
The story states, “One of the positions is administrative, which is being eliminated due to the recent implementation of Salesforce.com software, used in the advertising and billing departments.
“The Dallas Business Journal is also eliminating a special section writer position because of current economic conditions. Staff reporters will continue to write for the special sections associated with the industries they cover, in addition to regular news coverage. Newsroom positions that may be added when the economy improves would focus on the priority of breaking news.”
Read more here.
The Denver Business Journal is advising its readers to look for this week’s content online because delivery of the paper will be delayed due to the blizzard conditions in the area.
A story on the paper’s site stated, “Subscribers who normally receive their copy of the Journal in Friday’s mail instead will likely receive it Saturday or Monday, said Circulation Director Jan Wambolt.
“Meanwhile, DenverBusinessJournal.com on Friday will make available all of the articles, columns and features in the newspaper, but only to paid subscribers who have registered at the website.
“Registering ‘unlocks’ the newspaper so you can read it online.
“If you’re a subscriber but you’re not already registered, go to the home page and click on ‘register’ in the upper-right corner.”
Read more here.
The New York Times, Washington Post and Minneapolis Star-Tribune were named Tuesday as the best business sections in the country among newspapers with more than 325,000 daily circulation for 2008 by the Society of American Business Editors and Writers.
The Detroit Free Press, Rocky Mountain News and Kansas City Star were named the best business sections among newspapers with circulation from 225,000 to 325,000.
The Miami Herald, Grand Rapids Press and Seattle Post-Intelligencer were named the newspapers with the best business sections with circulation from 125,000 to 225,000.
The Arizona Daily Star in Tucson, the Salt Lake Tribune and the Patriot Ledger in Quincy, Mass., were named the best business sections among newspapers with circulation below 125,000.
The Indianapolis Business Journal, Cincinnati Business Courier and Philadelphia Business Journal were named the best weekly business newspapers.
Bloomberg Markets won among business magazines with below 500,000 circulation, while BusinessWeek won among business magazines with above 500,000 circulation.
Web site winners were Crain’s Chicago Business for up to 500,000 average monthly unique visitors, Bloomberg News for 500,000 to 2.5 million average monthly unique visitors, and BusinessWeek.com, BNET.com and the St. Petersburg Times for more than 2.5 million average monthly unique visitors.
See all of the winners here.
Michael Russell, whoÂ helped startÂ the Kansas City Business Journal and Wichita Business Journal in the 1980s, died Sunday. He was 69.
The papers later became part of the American City Business Journals chain.
A Kansas City Business Journal story states, “In 1982, Russell and William Worley started the Kansas City Business Journal. In a 2007 interview, Russell said that after having the idea pitched to him and reading a stack of issues of the St. Louis Business Journal , he was hooked.
“Russell and Terry Scanlon created the Wichita Business Journal in 1986.
“The Kansas City Business Journal introduced a new form of business news to Kansas City, with a heavy emphasis on deals and deal-makers.
“‘We were writing things that other people were afraid to write,’ Russell said in 2007.
Read more here.