Tag Archives: Crain’s publications

Small business papers honored

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The Boulder County Business Report and Crain’s New York Business were named this weekend as the top small and large tabloid newspapers by the Alliance of Area Business Publications.

Crain's New YorkThe alliance is a nonprofit organization that represents 74 newspapers around the country.

According to a Boulder story, “Professor Daryl Moen of the University of Missouri School of Journalism coordinated the contest. Thirty faculty members from the school judged the contest.

“The Des Moines Business Record took home the silver in the best newspaper, small tabloid category. Northwest Arkansas Business Journal got the bronze. Crain’s New York Business received the top best newspaper award in the large tabloid category.

“The Boulder County Business Report had received silver and bronze in the best newspaper category in 2006 and 2007, respectively. It last won the gold award in 2002.”

Read more here.

TheStreet.com invests in personal finance site

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Kira Bindrim of Crain’s New York writes that TheStreet.com has invested in personal finance Web site Geezeo.

TheStreet.comBindrim writes, “The investment includes an initial payment of $1.2 million for a roughly 13% stake in the Boston-based company, plus the option of purchasing Geezeo based on a implied value of $12 million at any point over the next year.

“Geezeo combines free online personal finance tools with social-networking to help consumers pursue their financial goals by tracking bank accounts, credit card balances, investments, mortgages, student loans and auto loans. The platform connects to more than 6,000 financial institutions and offers tagging functions that let users create budgets, track spending, set financial goals and interact in finance-related community discussions. Competitors include Wesabe and Mint.com.

“‘Geezeo is a natural place for visitors to the individual Web sites within TheStreet.com network to connect,’ said Thomas Clarke, Jr., chairman and Chief Executive of TheStreet.com.

“The move is part of a broader effort by TheStreet.com to expand into personal finance. The company expects the partnership to drive traffic, revenue and user engagement, while further positioning TheStreet.com brand as a go-to spot for money-related issues.”

Read more here.

The authority on wealth

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Matthew Flamm of Crain’s New York writes about the plans behind The Wall Street Journal‘s new upscale magazine, which were presented to potential advertisers on Thursday.

Wall Street JournalFlamm writes, “Promising a smart, lavish, highly visual publication with a sense of humor, Ms. [editor Tina] Gaudoin announced that WSJ. would be ‘the authority on modern wealth.’ Its target audience would reach sophisticated consumers making upscale buying decisions and ‘the emerging market’ consumer in places like India and China.

“Though it will look like nothing else produced by the Journal, the magazine will utilize the newsroom resources of the paper, which has increasingly expanded its coverage to include fashion and lifestyle subjects.

“‘It’s a natural extension of what the Wall Street Journal is about,’ said the paper’s managing editor, Marcus Brauchli.

“A weekend lifestyle magazine has been in the planning stages for several years at the Journal. The paper has sought to broaden its advertising base to counter the erosion in its core categories of finance and technology. The launch will be the first brand extension under News Corp., which acquired the Journal’s parent company Dow Jones & Co. last year.”

Read more here.

SABEW names Best in Business winners

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The winners of the 13th annual Society of American Business Editors and Writers Best in Business Awards were named Thursday, and they include winners in the magazine categories for the first time.

The Arizona Republic, Los Angeles Times, New York Times and USA Today won in the general excellence category for newspapers with a circulation above 325,000.

The Miami Herald, Rocky Mountain News and Seattle Times won in the general excellence category for newspapers with circulation between 225,000 and 325,000.

The Charlotte Observer, The Des Moines Register, The Detroit News, Grand Rapids Press and Seattle Post-Intelligencer won in the general excellence category for newspapers between 125,000 and 225,000 circulation.

The Arizona Daily Star (Tucson, Ariz.), The News Tribune (Tacoma, Wash.), and The Press Democrat (Santa Rosa, Calif.) won in the general excellence category for newspapers with a circulation of less than 125,000.

In the business weekly category, the winners were Advertising Age, Boston Business Journal, Crain’s New York Business, Financial Week, and Triangle Business Journal.

All of the winners can be found here.

Crain's Chicago duped by April Fool's gag

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Lorene Yue of Crain’s Chicago Business writes Wednesday that the weekly business newspaper fell for an April Fool’s joke from a local magazine that put out its latest issue and a release stating that Donald Trump had bought a majority stake in the publication.

Time Out ChicagoYue wrote, “Crain’s was unable to reach the representative named on Time Out’s press release so it based its report on the release, which also was part of the joke.

“‘We thought the press release was part of the parody,’ Mr. Barnett said. ‘The concept of a parody is to make it look as real as possible.’

“The story was deleted from Crain’s site Tuesday night.

“The cover of the Time Out Chicago issue is a tribute to an April 1988 cover of the defunct magazine Spy, said Editor Frank Sennett, who was a fan of the satirical publication.”

Read more here.

Washington Post to add personal finance items in Sunday paper

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The Washington Post business section is launching several new weekly personal finance features this weekend, writes personal finance columnist Michelle Singletary.

The Washington PostSingletary wrote, “You can follow the investment chatter from Wall Street in the Market Buzz column, written by Sunday Business editor Steven E. Levingston.

“For investors looking ahead, economics reporter Neil Irwin will write briefly every Sunday about key data being released in the coming week. Also we’ll ask three personal finance advisors to answer a question on the minds of individual investors.

“Finally, each week there will be news and information from Kiplinger’s Personal Finance magazine, which specializes in giving guidance on investing, taxes, retirement and other money issues.”

Read more here. 

Murdoch's gamble could backfire

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Matthew Flamm of Crain’s New York Business writes that News Corp. CEO Rupert Murdoch‘s plan to make The Wall Street Journal more mainstream to compete against The New York Times could backfire.

Wall Street JournalFlamm wrote, “Major news stories dominate the front page. The long, offbeat or investigative stories–formerly a page-one centerpiece–have grown scarce. Last week, Journal officials said the paper would add sports coverage and would leave downtown for News Corp.’s midtown offices.

“Die-hard readers are lamenting the changes. But the critical issue may be whether making the paper more like other ones is a good business strategy.

“‘He is going in the opposite direction from what has made the Journal distinctive and has made it perform better than the daily newspaper industry in general,’ says Ben Compaine, author of Who Owns the Media?”

Read more here. 

Herb Greenberg talks business journalism

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Herb Greenberg is senior columnist for MarketWatch and is one of the top business journalists in the country because of his investigative reporting on companies.

His column also appears in the weekend edition of The Wall Street Journal. He joined MarketWatch after six years as senior columnist for TheStreet.com. He previously spent 10 years as a six-day-a-week business columnist for the San Francisco Chronicle. Before that, he was the New York financial correspondent for the Chicago Tribune, where he covered the food and restaurant industries.

Greenberg talked to Talking Biz News about business journalism and how he does his job. What follows is an edited transcript of that e-mail conversation. 

Q: How did you first get interested in business journalism?

A: Through the back door. It was 1974. I had just graduated from the University of Miami. I took a job at the Boca Raton News, then Knight-Ridder’s smallest paper. They had a business section every Sunday. It was a “chore� that was rotated around the newsroom. When it got to me, shortly after I was hired, I did a story about how baggers at the Publix supermarket chain could rise to managers and make pretty good money. I had fun doing it. Remember, this was the post-Watergate era. Everybody wanted to be Woodward and Bernstein. I looked around the newsroom and realized nobody else wanted to do business. It was simple supply/demand.

Herb GreenbergI became the paper’s first-ever business reporter. We were located in area where many wealthy retirees included a Who’s Who of corporate America. It was also a big convention spot with well-known speakers from business and economics. I started interviewing many of them, including the likes of Lee Iacocca, who lived there (wouldn’t let me use my tape recorder), and then-Treasury Secretary William Simon (nice guy), who I tracked down on a beach. This was a heck of a lot more interesting than covering meetings of the city’s recreation commission. The irony is that when I was a copy boy several years earlier at the late and great Miami News, part of my job called for me to check in with a stock broker every day to write down in pencil the local “over the counter� closing quotes. (Why do I suddenly feel ancient?) After that, I swore the last thing I would ever want to be is a business reporter. Most of what I learned was on the job, ratcheting up the education with multiple job changes – each one putting me out of my comfort zone.

I’ve since covered virtually every industry in most parts of the country. And I’ve been blessed with a series of great editors. However, I like to refer to my days at Crain’s Chicago Business in the early 1980s as the boot camp of my career, with Greg David, then managing editor – now editor of Crain’s New York Business — as the drill instructor from hell. It was an absolutely horrible experience, but also the most valuable. It’s the first place I learned about writing with “tensionâ€? and “forward spin.â€? Somewhere in your career (preferably when you’re young) you need to work for a Greg David.

Q: What’s been the biggest change in business journalism during your career?

A: There was the move of business sections from behind sports. There was the doubling, tripling, even quadrupling of business news staffs, many of which have since been cut by half, a third and a fourth. There was the generally more aggressive approach to business reporting at daily newspapers, which put business reporting on par with political and sports coverage. And there was the rise of competition from all kinds of media, including TV and now blogs.

But for me, hands down, the biggest change (which also happens to be the most important change for serious investors) was Internet access to SEC filings. SEC filings are central to what I do, and there is not a day I’m not on the EDGAR site multiple times reviewing multiple documents. Ease of access, almost overnight, changed how I do my job. We always had access. But those of us not in Washington, or without dedicated reporters at the SEC, had to pay exorbitant prices to have the documents faxed or sent overnight – and then hoping they would be the right ones. I’ll go so far as to say the ability to simply search an SEC filing for certain words and phrases, using a computer’s “find� function, is the single best tool in my arsenal.

Q: You’ve written for daily newspapers and for web sites. How does the business journalism differ?

A: It doesn’t –- at least not the actual act of doing journalism. It’s more a matter of form, and along those lines there are two differences, and they apply to all types of journalism, not just business: You no longer are constrained by space, which means you’re not forced to slice out critical copy, or the kicker, at the last minute because a story is too long to “fit.� And, at least in the earlier days, before newspapers starting wising up, you could be more competitive by not having to wait until the early edition of a paper to actually publish.

(more…)

Crain's gets great response in England

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Crain’s Manchester Business, the first business newspaper for Crain’s in Europe, launches on Dec. 17, and the How-Do website in England notes that it has gotten an “excellent” response from advertisers.

Crain's Manchester BusinessHow-Do wrote, “Launch edition advertisers include two banks and other leading regional blue-chips with ‘equally encouraging’ a number of subscriptions (£74 pa) already taken out while requests for trial subscriptions are into the hundreds.

“The print run is 18,000 copies of which 3,000 will be distributed through the news trade with the 15,000 balance being mailed to named business individuals across Greater Manchester. Porter claims that no other business publication in the region goes to as many named individuals. Insider may argue otherwise but its circulation area is the whole North West.

“There will be two further editions in January and from February the title will go weekly.”

Read more here.

CNNMoney.com to add video to compete with TV

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Matthew Flamm of Crain’s New York Business writes that CNNMoney.com plans to add up to 40 videos a day on business news and topics in order to better compete with CNBC and Fox Business Network.

CNNMoney.comFlamm wrote, “Executives say that the extensive video offerings will make CNNMoney more competitive not just with other business portals, but with the likes of television channels CNBC and the new Fox Business Network.

“‘We will compete with them for ad dollars and for viewers,’ says Vivek Shah, president of the Fortune|Money Group. ‘In the workplace, broadband penetration is a significant multiple bigger than cable connections.’

“CNNMoney’s star has risen in the two years since the site launched, particularly as Time Inc.’s business titles have suffered. Net ad revenues for the site are expected to jump 50% in 2007, allowing the group to end the year down just 5%. Online revenues now contribute more than 20% of the Fortune|Money Group’s total.”

Read more here.