Tag Archives: Blogging
Taylor Buley of Forbes.com notes that Hewlett-Packard broke the news Tuesday that it was suing its former CEO Mark Hurd by posting a story and the lawsuit on its own site.
Buley writes, “Usually this would mark the moment when I urgently ask Forbes researcher Sue Radlauer to help me dig up the legal docs so I can publish them on behalf of you readers — except this time I was beat to the punch. Some fast-fingered reporter? Nope. I was beat by HP itself.
“HP published a blog item with a screaming ‘BREAKING’ headline. It published the complaint to Scribd and linked to it for all to see. The company later dropped a copy in a public Dropbox account for direct download. Its official Twitter account tipped Techmeme, a high profile technology news aggregator, which subsequently pushed out the press release directly from its homepage.
“Hurd’s move to Oracle is hot news. Aside from analysis and editorial filtering, people also want raw information. Had HP not published this legal document itself, I would have gladly done it for them. Instead, HP’s blog post suggests that the company has figured out how this online news thing works, and that the computer giant’s PR department might be as blog-savvy as me and the rest of the Internet.”
Read more here.
Elliot Turner of Wall St. Cheat Sheet interviewed Justin Fox, the editorial director of the Harvard Business Review, about business journalism and its future.
Here is an excerpt:
Elliot: As one with a background in both finance and journalism, and someone who has been active in the blogosphere, what do you think about the future direction of financial news information and research?
Justin: It’s one area where there clearly continues to be a market for the traditional content. So in that sense, I’m not as worried about it as I am about Metropolitan daily newspapers and whatever will fill their role. I do miss those old Wall Street Journal front page stories that went on and on and on.
But in general there are lots of positive developments too, especially in economics. There’s such a rich economic blogosphere, and if you want to take the time to learn, it’s so easy to inform yourself. Obviously lots of people don’t want to do that and they just want to find somebody who caters to their prejudices. But I feel like, as a consumer of financial and economic information, I’m generally better served now than I was by the media of five, ten or twenty years ago.
Read more here.
Joe Pompeo of The Business Insider writes Thursday about how Forbes has been hiring bloggers to cover billionaires around the globe.
Pompeo writes, “As part of that expansion, Forbes.com has recruited a handful of freelance journalists to blog about the people on its annual World’s Billionaires List, with news, analysis and, of course, inside dirt, sources familiar with the plans told us.
“‘It’s going to be a great initiative and I expect you’ll make a superlative contribution to launching the next stage of Forbes.com as a major presence in online news,’ outgoing Forbes.com consultant Michael Roston wrote to the contributors in an email obtained by The Wire.
“Each blogger will cover billionaires in specific areas of the country and around the world, and their posts will be aggregated into a single feed on a new Forbes 400 website scheduled to launch later this month.
“The bloggers include LA Biz Observed editor Mark Lacter and freelance financial journalists Dan Fost and Teri Buhl, who will be reporting on New York’s and Connecticut’s billionaires, a la Michael Bloomberg, Carl Icahn and Steve Cohen.”
Read more here.
During that time, there have been massive changes in business journalism, from the sale of The Wall Street Journal/Barron’s/Marketwatch.com/Dow Jones Newswires to the closing of Business 2.0 and the start and closing of Conde Nast Portolio to the shift in coverage dominance in many cities away from daily newspapers, many of whom have cut their standalone business sections, to weekly business newspapers and sites.
Through it all, Talking Biz News has covered the ups and downs, with:
2. 1,871 approved comments, or slightly more than one per day.
The months with the most posts were May 2007 (248) and June 2007 (259), primarily due to the coverage of News Corp.’s takeover of Dow Jones & Co., the parent of The Wall Street Journal, Marketwatch.com, Dow Jones Newswires and Barron’s. Both months saw an average of at least eight posts per day.
The post with the most comments — 59 — remains the one from 2006 reporting that CNBC anchor Ted David was moving to radio. David has a lot of fans.
The post with the most unique visitors is the one from May 2010 about Bloomberg editor in chief Matthew Winkler and his opinions about the quality of Twitter posts from his staffers. It has been read by more than 4,580 unique visitors.
Two posts — one in 2007 and another earlier this year — were removed because of inaccurate information involving the business journalists involved. Talking Biz News apologized in both cases.
The best month in terms of traffic was April 2010, which reported 42,527 unique visitors and 70,999 page views. That’s an average of more than 1,400 visitors per day and more than 2,350 page views per day.
Every month since October 2009 has seen an average of more than 1,000 unique visitors and an average of more than 1,475 page views per day.
“Job changes” and “The Wall Street Journal” are the two most popular subject topic categories, with each averaging almost one post per day in the past five years.
Talking Biz News received a “Best in Business” award in 2009 from the Society of American Business Editors and Writers in the small blog competition. It has 425 fans on Facebook and more than 750 followers on Twitter.
Lastly, Talking Biz News is independent. It receives no advertising revenue (the ad revenue it previously generated was donated to SABEW) and is not used to advocate any personal beliefs. Its content is sometimes syndicated on Forbes.com, and its content is syndicated on newsonnews.net and beforeitsnews.com.
Thanks for reading. Your feedback is always welcome.
by Chris Roush
Kirchner writes, “But it’s unclear whether these models will work with Forbes.com’s particular audience. (It’s the exact opposite of the Economist style, where the pieces are all written in a consistent voice and its writers don’t even get bylines.) The casual, individualized tone of a True/Slant blog won’t necessarily translate to a staid Forbes story about oil markets, for instance. So what reason will Forbes.com readers have to ‘follow’ or ‘friend’ (or whatever) a particular reporter over another? Perhaps readers will be ‘fans’ of particular beats, rather than reading columnists for their unique writing styles.
“Another important difference, though, between the original True/Slant experiment and this new iteration of Forbes.com is that True/Slant was a completely blank slate, but Forbes is a well established news institution. Forbes is already its own brand, already has a readership, and that readership has certain expectations.
“The danger of an ‘everyone blogs’ edict is that it might dilute that brand, which can play out in at least two ways. One, reporters may find themselves distracted by the hungry beast of the blog and less able to report and write the other, longer stories they had previously devoted their time to. If the quality of the writing goes down, that can counteract the benefits presumed by an uptick in the quantity of the writing. Two, the aforementioned combination of ‘thousands [of] freelance contributors’ and a ‘less layered process’ will loosen editorial control, and, potentially, lessen the quality of the content coming into the site from the outside.”
Read more here.
Micki Maynard, the former New York Times auto reporter who now oversees the “Changing Gears” journalism project examining the economic and social shifts in the Midwest, announced a staff for the project on Thursday.
Dan Bobkoff, a Changing Gears reporter based in Cleveland. Bobkoff has been a staff reporter at 90.3 WCPN ideastream and frequent contributor to NPR programs including All Things Considered and Morning Edition.
Niala Boodhoo, a Changing Gears reporter based in Chicago. Boodhoo has been the multi-media business reporter for the Miami Herald and is also an NPR contributor.
Kate Davidson, a Changing Gears reporter based in Ann Arbor, MI. Davidson has been a producer for NPR’s All Things Considered and is a documentary filmmaker.
George Nemeth, editor for social engagement and new media, based in Cleveland. Nemeth is a veteran blogger and the founder of BrewedFreshDaily.com.
Read more here.
Joe Pompeo of The Business Insider reports Monday evening that Forbes.com will relaunch its blog network later this week, and that all of the reporters at the business magazine will have a blog.
Pompeo writes, “We also hear that every reporter will now be required to have his or her own blog, and that most are starting from scratch. It’s a big departure from the online practices of former Forbes.com CEO Jim Spanfeller, who was decidedly anti-blog. (He resigned last July to start his own company.)
“But it certainly seems to jive with the mindset of Forbes’ new editorial director, Lewis D’Vorkin, who founded the blogging startup True/Slant (now owned by Forbes) and wants to bring on ‘hundreds and hundreds, if not thousands, of freelance contributors.’
“We have a call out to the editor overseeing the relaunch and will update with more details if we hear back.”
by Chris Roush
Frank Ahrens of The Washington Post writes about the changes occurring at the “Economy Watch” blog at the paper, which will now be called “Political Economy,” amid other changes on the business desk.
Ahrens writes, “As for me, this has been a terrific nearly two years and an unparalleled education. When my former boss interrupted my Colorado vacation in September 2008 — the weekend Fannie Mae and Freddie Mac were taken over by the government — and told me that I was going to start writing a breaking economic news blog, well, I’m not ashamed to tell you that I had never heard of a collateralized debt obligation, or CDO.
“But that all changed quickly. In two years, this blog has covered the bailout, the stimulus, cash-for-clunkers, an administration change, soaring unemployment, soaring deficits, the European debt contagion, mark-to-market accounting, stock market circuit breakers and lots and lots and LOTS of data, which I love.
“I have never been a pelts-on-the-belt journalist. I have no delusions that I’m a cop. There’s no one whom I want to nail to any wall. I like to figure things out and explain them as simply and powerfully as possible. This blog — which sought to decipher the highly complex workings of the economy — suited me perfectly.”
Read more here.
Rich Blake, who now writes for Reuters Hedge World, reminisces none too happily about what it was like to work at the now-defunct Trader Monthly magazine and its parent, Doubledown Media, under head Russell Lane.
Blake writes, “The only thing more perplexing than how/why the company ever tried to function without even a single full-time experienced financial writer on staff besides myself is why I ever went along with it, which I suppose owes to the company’s original startup mentality, though looking back, myself, Ty and Brian, who handled front of the book and lifestyle content, really were suckers disguised as gluttons for punishment masquerading as can-do soldiers.
“Also perplexing, to which anyone who has perused the DD bankruptcy filing can attest, is the mountain of the debts the company ran up, considering, again, there was no real editorial staff and what freelancers we did use were often were not paid for months or at all. God Only Knows what that was about but I Know There’s An Answer.
“The least impressive figure in the Doubledown saga is not Lane, but Jim Dunning, the diminutive private equity mogul who after becoming involved as owner (buying much of Magnus Greaves’ stake) would come by the office once every few weeks to blow smoke up all of our asses. Patronizing to Monty Python type levels of absurdity, Dunning was convinced that he was building a company that would one day be valued at $1 billion dollars or more, hence the ill-fated launch – with no staff – of Dealmaker, billed as Trader Monthly for bankers, and the ill-fated acquisition of Private Air, and the debacle that was the launch of Players Club with top-shelf collaborator Lenny Dykstra.”
Read more here.
Jena McGregor, a former business journalist at BusinessWeek who left when it was sold last year to Bloomberg, has started writing a blog about management issues for the Washington Post.
PostLeadership, according to the first post, will “examine our world through the leadership lens. Each day, Jena McGregor, BusinessWeek’s former editor for management and leadership issues, will question matters of authority by canvassing the news and offering commentary from a leadership point of view. We’ll look across sectors–from business and politics to sports and nonprofits–with a special focus on Washington-centric topics. In addition, PostLeadership will be your source for smart new research, books, articles and thinkers on the subject of leadership.
“We hope you’ll join the conversation, sharing your opinions, ideas and disagreements. This should be a forum for debate and discussion, but also for learning, and we hope you’ll respect others’ perspectives.”
Read more here. Prior to BusinessWeek, McGregor was an associate editor at Fast Company. She was also with SmartMoney, where she held numerous positions, including staff writer and staff reporter.