Tag Archives: Awards
Aaron Elstein of Crain’s New York Business writes Monday about the Wall Street Journal being shut out of winning a Pulitzer Prize for the third consecutive year.
Elstein writes, “It has come close a couple of times since. It was a finalist in 2009 for its coverage of the financial collapse and a finalist again in 2008 for its coverage on Vladimir Putin’s dismantling of Russian democracy.
“None of the paper’s articles were deemed finalists for the 2010 batch of Pulitzers.
“How strange it is to see this. Starting in 1995, the Journal won Pulitzers every year with two exceptions – 1998 and 2006, according to the Pulitzer Prize Web site. And even in 1998, the paper was a finalist.
“During its amazing run, the paper won in most every category, including national, international, beat and explanatory reporting. It won in criticism and commentary. The backdating story won the prestigious public service award. In 1995, 2001, 2004, 2005 and 2007 it took home two Pulitzers. Say what you want about the Journal when it was owned by the Bancroft family – it sounds like an upcoming book by Sarah Ellison will say it all – but this paper used to be a prize-winning machine.
“Now, perhaps these things go in cycles and the Journal will soon regain its prize-winning mojo. But when Mr. Murdoch’s team took over at the Journal, it said it would emphasize different sorts of stories than past management did. Today, the paper generally gives less space to the sort of in-depth feature stories that Pulitzer judges awarded in years past, although there’s a thoroughly gripping investigative article about life insurance on the front page today (written, it so happens, by one the reporters on the back-dating story).”
Read more here.
John Koblin of the New York Observer notes that the Wall Street Journal, which used to win Pulitzer Prizes with regularity, has not won one since Rupert Murdoch purchased Dow Jones & Co.
Koblin writes, “Meanwhile, The Wall Street Journal, which was once a Pulitzer-hoarder under Paul Steiger, once again goes home empty-handed. The paper has not won an award since April 2007, and this brings The Journal‘s Pulitzer count in the Murdoch era to a grand total of zero. On the one hand, Mr. Murdoch and Journal editor Robert Thomson would tell you that they don’t care about awards. And yet that didn’t stop Mr. Thomson from getting into a public shoving match with Times editor Bill Keller over a George Polk Award submission. Mr. Thomson said that Mr. Keller tried to tamper with the awards process in 2008.
“To deflect the attention away, minutes before the Pulitzer news was released, The Journal sent out a press release about their accomplishments with the Payne Awards.
“And for the record, Paul Steiger now has now delivered more Pulitzers to ProPublica than The Journal has won since he left the paper.”
Read more here.
It’s the first time that an ACBJ paper has been named a finalist for the most prestigious awards in journalism.
“I think every newsroom — not just at ACBJ but anyplace journalists work — has an unwritten goal that it wants to win a Pulitzer,” said Whit Shaw, the company’s CEO. “Being a finalist is a step in that direction. I can assure you everyone at ACBJ knows awards happen and aren’t something you control; you don’t start a series of stories like those Seattle did on Washington Mutual because you want to win prizes. You write the stories because they contain information your readers need to know.”
Staff writers Kirsten Grind and Jeanne Lang Jones and managing editor Alwyn Scott worked on the entry. The Pulitzer judges lauded the paper ”for their meticulous examination of the collapse of Washington Mutual, the biggest bank failure in U.S. history, plumbing causes and raising troubling questions about federal regulation.”
“This recognition illustrates the depth of our commitment to local readers,” said Emory Thomas Jr., the publisher of the paper and its former editor. “While others are cutting back, we are investing in the kind of high quality reporting that makes a difference for local business leaders. We’re gratified that the Pulitzer committee has acknowledged this locally important — and nationally significant — work.”
The coverage also won a Best in Business award from the Society of American Business Editors and Writers last month.
In addition, Michael Braga, Chris Davis and Matthew Doig of the Sarasota Herald-Tribune business desk were finalists in the investigative reporting category. The judges noted, “their in-depth reporting and computer analysis that unraveled $10 billion in suspicious Florida real estate transactions, triggering local and state efforts to curb abuses.”
The Sarasota paper’s coverage has also received a National Journalism Award from the Scripps Howard Foundation.
Also, Ken Bensinger and Ralph Vartabedian of the Los Angeles Times were finalists in the national reporting category for their Toyota safety coverage. The judges noted, “their tenacious reporting on how design flaws and weak federal oversight contributed to a potentially lethal problem with Toyota vehicles, resulting in corrective steps and a congressional inquiry.”
Meanwhile, Dave Leonhardt, who writes a column for The New York Times business section about the economy, was a finalist in the commentary section. The judges stated he was a finalist “for his illumination of the nation’s most pressing and complex economic concerns, from health care reform to the worst recession in decades.”
See the winners and finalists here.
The Deadline Club Awards honor the best in New York area journalism – printed, broadcast or otherwise distributed in 2009. Winners will be honored at the Annual Awards Dinner on Monday, June 7.
Here are the finalists in the business journalism categories:
Mark Bowden, Vanity Fair, “The Inheritance”
Jeff Chu, Fast Company, “The Rise and Fall of Design within Reach: A Modern Mess”
Reshma Kapadia, SmartMoney, “The Survivors”
Business News, Series or Investigative Reporting
Kathy Chu, USA Today, “The Credit Trap”
Robert Guth, Susan Pulliam, Justin Scheck, The Wall Street Journal, “The Network: The Rise of Raj”
Michael Lewis, Vanity Fair, “Wall Street Tundra”
Mark Whitehouse, Lisa Bannon, Bob Davis, The Wall Street Journal, “Beyond the Bubble”
See all of the finalists here.
New York University’s Arthur L. Carter Journalism Institute has released its picks for the 10 best journalism stories of the past decade, and two of them are business stories.
“The Giant Pool of Money,” by Alex Blumberg and Adam Davidson on National Public Radio’s “This American Life” ranked No. 4. The judges stated, “This hour-long radio documentary finally made the ‘subprime’ mortgage crisis clear and cogent, and the result was the most downloaded episode in the history of the show.”
The show aired in May 2008.
“Nickel and Dimed: On (Not) Getting By in America,” a book by Barbara Ehrenreich, ranked No. 7. The judges stated, “Widely discussed undercover reporting on the difficulty of making ends meet with minimum-wage jobs in America.”
See all of the stories here.
The New York State Society of Certified Public Accountants announced winners for its Excellence in Financial Journalism Awards that recognize reporters who contribute to a better understanding of business topics.
Judges, representing the CPAs and the New York Financial Writers Association, selected winners. Journalists will receive their awards at a luncheon at the Yale Club in New York City on May 4.
The winners include:
Print-Accounting: magazine over 1,500 words:
Randy Myers, CFO Magazine, “Taxed to the Max,” how U.S. corporate tax policy is hampering the global competitiveness of U.S. companies.
Print-Business/Financial – magazine under 1,500 words:
Aaron Elstein, Crain’s New York Business, “Companies Play Spin the Balance Sheet,” reveals ways public companies are “spinning” their disappointing financial results.
Electronic Media – Business/Financial:
Jonathan Weil, Bloomberg News, “Numbers Tell the Story,” how banks used accounting tricks to mask their crippled state and how government agencies abetted financial industry abuses.
Wire Service – Business/Financial:
AP Business News Staff, The Associated Press, “Meltdown Legacy,” a five-week series of articles explaining the lasting impact of the financial crisis and great recession on businesses, governments and consumers.
Read about all of the winners here.
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.
A Sarasota Herald-Tribune investigation into real estate flipping in Florida has won an award from the Investigative Reporters and Editors.
The award was in the newspaper category for papers with circulation between 100,000 and 250,000.
The judges stated, “In this well-crafted series, Michael Braga, Matthew Doig and Chris Davis, of the Sarasota Herald-Tribune, exposed how a vast scheme in the housing market in Florida happened, and ultimately, contributed to the economic collapse in the state. Reporters undertook a massive effort to collect and analyze every Florida real estate transaction from the past decade.
“The series identified hot spots where flipping was widespread and identified big players engaged in suspected fraudulent flipping practices. Judges were impressed with the creativity behind the Herald-Tribune’s online presentation. The series caused the Florida Attorney General to set up a state wide task force and federal investigators are building cases against at least two flipping rings named in the series.”
In addition Fox Business Network’s Charles Gasparino won in the book category for “The Sellout.”
Judges stated, “There have been many books about the economic crash, but The Sellout by investigative reporter Charles Gasparino stands out in large part because of the careful research. The book exposes the self-indulgent, risk-hungry, contempt-filled attitude of many of the Wall Street traders and bankers that led to the crisis and puts the most recent crisis into historical context. Gasparino’s work goes beyond simple finger-pointing and presents, in a reader-friendly, compelling way, why the system collapsed and how current policies may be leading to another round of excessive risk-taking.”
See all of the winners here.
Bloomberg News won first place in the print business news category of the National Headliner Awards, given annually by the Press Club of Atlantic City.
The Miami Herald placed second in the category, while the Milwaukee Journal-Sentinel was third.
Bloomberg won for “Lehman’s Lessons,” written by Mark Pittman, Bob Ivry, Christine Harper and Alison Fitzgerald. Here is one of the stories in the series.
The Herald was recognized for its coverage of the Allen Stanford scandal. The reporters were Michael Sallah, Rob Barry and Lucy Komisar.
The Journal-Sentinel’s John Schmid and Ben Poston were recognized for “Patents Pending,” which documented how dysfunction at the U.S. Patent Office kneecaps the innovation and entrepreneurialism that it’s meant to protect and promote.
In the broadcast business news category, CNN won first and second, while NBC Nightly News placed third.
CNN’s winning entries were “The Border” and “How the Wheels Came Off: The Rise and Fall of the American Auto Industry.” NBC’s entry was an explanation of the AIG bailout.
See all of the winners here.
Glenn Hall, the editor in chief at TheStreet.com, talks below about Dave Morrow, the former editor in chief of TheStreet.com, and his influence on business journalism.
Morrow died last month from pancreatic cancer. He was 49. Morrow had joined the faculty of the University of Nevada-Reno in 2009 to teach business journalism.
Morrow was remembered Saturday at the Society of American Business Editors and Writers annual banquet with a video about his career and impact. Morrow was a former SABEW board member, and the organization has created a fund in his name designed to help young business journalists.