Tag Archives: Crain’s publications
A story on Crain’s New York Business about its recent awards won from the Alliance of Area Business Publications has some judges’ comments about the weekly business newspaper.
The story stated, “‘This publication is inviting to read and has great, sassy writing,â€™’ the judges said. ‘The personality of New York shows through in the lively, stylish stories and sophisticated editing. Strong cover stories, particularly the investigative pieces, help make this a winner. Solid headings and design rounded out the package.’
“In addition, the paper won a first-place award for the best use of photography and illustration and a third place for best overall design.
“Editor Greg David received a first-place award for editorial writing for his 2007 column ‘How to Save the Garment District.’ Senior reporter Aaron Elstein won a second place for his 2007 investigative story, ‘The Swindle on Staten Island.’”
Read more here.
The 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.
Bindrim 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.
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.
Flamm 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.
“‘Itâ€™s a natural extension of what the Wall Street Journal is about,’ said the paperâ€™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 Journalâ€™s parent company Dow Jones & Co. last year.”
Read more here.
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,Â The Detroit News,Â 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.),Â The News Tribune (Tacoma, Wash.), andÂ The Press Democrat (Santa Rosa, Calif.)Â won in the general excellence category for newspapers with a circulation of less than 125,000.
In theÂ business weekly category, the winners were Advertising Age,Â Boston Business Journal,Â Crainâ€™s New York Business,Â Financial Week, andÂ Triangle Business Journal.
All of the winners can be found here.
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.
Yue wrote, “Crainâ€™s was unable to reach the representative named on Time Outâ€™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 Crainâ€™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.
by Chris Roush
The Washington Post business sectionÂ is launching several new weekly personal finance features this weekend, writes personal finance columnist Michelle Singletary.
Singletary 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.Â
by Chris Roush
Flamm 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.Â
by Chris Roush
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 talkedÂ to Talking BizÂ News aboutÂ businessÂ journalism and how he does his job. What follows is an edited transcript of that e-mail conversation.Â
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-Ridderâ€™s smallest paper. They had a business section every Sunday. It was a â€œchoreâ€? 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.
I became the paperâ€™s first-ever business reporter. We were located in area where many wealthy retirees included a Whoâ€™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 (wouldnâ€™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 cityâ€™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 â€œover the counterâ€? 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 â€“ each one putting me out of my comfort zone.
Iâ€™ve since covered virtually every industry in most parts of the country. And Iâ€™ve been blessed with a series of great editors. However, I like to refer to my days at Crainâ€™s Chicago Business in the early 1980s as the boot camp of my career, with Greg David, then managing editor â€“ now editor of Crainâ€™s New York Business — as the drill instructor from hell. It was an absolutely horrible experience, but also the most valuable. Itâ€™s the first place I learned about writing with â€œtensionâ€? and â€œforward spin.â€? Somewhere in your career (preferably when youâ€™re young) you need to work for a Greg David.
Q: Whatâ€™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 Iâ€™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 â€“ and then hoping they would be the right ones. Iâ€™ll go so far as to say the ability to simply search an SEC filing for certain words and phrases, using a computerâ€™s â€œfindâ€? function, is the single best tool in my arsenal.
Q: Youâ€™ve written for daily newspapers and for web sites. How does the business journalism differ?
A: It doesnâ€™t â€“- at least not the actual act of doing journalism. Itâ€™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 youâ€™re not forced to slice out critical copy, or the kicker, at the last minute because a story is too long to â€œfit.â€? 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.
by Chris Roush
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.
How-Do wrote, “Launch edition advertisers include two banks and other leading regional blue-chips with ‘equally encouraging’ a number of subscriptions (Â£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.