Tag Archives: Dow Jones & Co.

Kevin Hall

Economics reporters say we’re better off than four years ago


Joe Strupp of Media Matters for America interviewed some of the industry’s most prominent economics reporters who believe that the country is better off economically than it was four years ago.

Strupp writes, “Other veteran financial scribes point to the overall economic picture today as compared to 2008, while also noting that the positive direction of the economy is important, too. Their comments are supported by a number of key indicators: The economy has grown for twelve consecutive quarters; private sector employment has grown for 29 consecutive months, adding millions of jobs; and the Dow Jones Industrial Average has nearly doubled from its low point in March 2009.

“‘From an economic growth standpoint, clearly it is better,’ Kevin Hall, McClatchy’s national economics correspondent, said about the country’s finances.

“‘If you go back and look at the charts — you can pull up the GDP chart, we are growing 2 to 2.2 percent – you would say it is clearly yes, compared to a 3.7 percent contraction in the third quarter of 2008, followed by an 8.9 percent contraction in the fourth quarter of 2008.’

“He later added, ‘You look at how many jobs were lost, December ’07 to June 2009, 7.9 million jobs lost. That is a big, big number. That recession encompassed mostly the Bush era, but also four month of Obama. In the last 28 months, there’s been an increase of roughly 4.4 million jobs, which if you just look at that number, it is a tremendous growth period.’

“‘Clearly we are better off. I don’t know how you could say no,’ he stressed. ‘I think we have taken the steps to shore up our banking system, people have become more proactive in paying down debt, the American consumer has taken steps to be more responsible.’”

Read more here.

Todd Larsen

Ex-Dow Jones president to join Time Inc.


Todd Larsen, who left the role of president of Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, earlier this year, will take a job at Time Inc. overseeing its magazine unit, according to a story in The Journal.

Keach Hagey writes, “In his new role, Mr. Larsen will oversee some of Time Inc.’s high-profile titles, including Time, Fortune and Sports Illustrated. His hiring comes nine months after digital-advertising veteran Laura Lang took the reins of Time Inc.

“The creation of the news and sports group reverses a decision by Ms. Lang’s predecessor, Jack Griffin, who separated the groups. At the time, Mark Ford was placed in charge of the Sports Group, while John Q. Griffin—no relation—was placed in charge of the News Group. John Q. Griffin left Time Inc. in May 2011 and wasn’t replaced.

“Mr. Ford will report to Mr. Larsen, according to the people.

“Time Inc.’s news and sports titles face significant challenges. Sales of Time magazine, the company’s most prominent news title, were down 31% on the newsstand in the first half of the year, compared with the same period last year, according to the Audit Bureau of Circulations. The number of advertising pages was down 19.1 % in the first half of the year, compared with a year earlier, according to the Publishers Information Bureau. Time Worldwide Publisher Kim Kelleher left in July, and hasn’t yet been replaced.”

Read more here.

Shara Tibken

Dow Jones reporter leaving for CNET


Shara Tibken, a Dow Jones Newswires reporter, has resigned effective Sept. 13 for a job at CNET.

Tibken tells Talking Biz News that she will start at CNET on Sept. 18, and that she will still be based in New York.

At Dow Jones, she covers semiconductors, data storage and IBM. At CNET, she will be covering consumer tech news, responding to whatever big news breaks each day with analysis.

Tibken graduated from Simpson College in Indianola, Iowa in 2007. After that she had a Dow Jones Newspaper Fund internship at the Grand Forks Herald in North Dakota. She started at Dow Jones in late 2007 and has been there since. My first job at DJ was covering breaking news. She then covered the stock market for a couple years, watching big movers. She’s been covering tech for two years.


WSJ.com and Dow Jones Newswires to integrate London editing desk


Steve McGrath, editor for news at Dow Jones Newswires in London, sent out the following announcement on Wednesday:

We are integrating our newswires and wsj.com editing desks in London to better reflect the integration we’ve already implemented in our European bureaus. We’re aiming to eliminate much of the duplicate editing that happens today, and also reduce the amount of editors’ time wasted in reformatting copy as it flows between the world of wires and the wsj.com universe.

From September 10th, we will have one pan-asset class real-time editing desk, handling headlines, quick fills, and spot news items destined only for real-time platforms like FX Trader or wires. The desk will be headed by James Keighley and Brian Reid. Ben Winkley, (right) who currently heads the wires resources editing desk, is moving to a new role heading up the London oil markets team.

The news desk will handle all updates and pre-planned big-story coverage for all platforms, including wsj.com and wires. This desk will be staffed by the current wsj.com editors — Lydia Serota, Laurence Witherington and Peter Stiff — who will be joined by five editors from the current wires desks – Tom Mudd, Michael Wright, John Kohut, Alistair Holloway and Liza Hearon. The team will be managed by Adrian Kerr, who reports to WSJE Managing Editor Terry Roth.

We will have new, simplified newsstation routing codes, as well as email addresses for filing to the new desks. The news desk will be working in Methode. Details on how to file to the new desks will follow ahead of the launch.

Dow Jones Newswires reorganizes Latin American ops


Steve Wisnefski, senior editor of Americas for Dow Jones Newswires, made the following staff announcement on Wednesday:

I am pleased to announce Santiago Perez has been appointed real-time Latin America editor and Charles Roth will become lead writer for a soon-to-be-launched Wall Street Journal blog on Latin America.

Santiago, who currently serves as chief of the WSJ/DJN bureau in Madrid, will be based in his hometown of Mexico City and oversee a team of nearly 30 reporters in eight countries. He will work closely with WSJ Latin America Bureau Chief David Luhnow.

Prior to moving to Spain in mid-2004, Santiago was a reporter and deputy bureau chief for Dow Jones Newswires in Mexico City for nearly seven years. Santiago began his career with Dow Jones in 1996 in New York, as a translator and editor for the Servicio Dow Jones Americas Spanish-language news service.

Charlie has served as the Latin America editor for Newswires since 2005. In his new role, he will add a new dimension to our coverage of the region with the launch of a blog focused on economics and business.

Before becoming Latin America editor, Charlie served for four years as a New York-based special writer on emerging markets, with a special emphasis on Latin America. He also served for more than two years as Venezuela bureau chief. Charlie began his career with Dow Jones in 1996 as a staff reporter in Malaysia.

Also, the team of eight real-time translators/editors based in Santiago, Chile, who currently report to the Latin America editor, will join the WSJ Americas team, headed by Cristina Aby-Azar in New York. The move to put all the translation functions under one umbrella will ensure common standards are applied across platforms.

All the changes should take effect by the end of the year. Please join me in wishing Santiago, Charlie and Cristina success in their new and expanded roles.


Krim named acting editor of Marketwatch.com


Raju Narisetti, the managing editor of WSJ.com who also was put in charge of Marketwatch.com when its editor David Callaway left for USA Today, sent out the following announcement on Monday afternoon:

I am delighted to name Jonathan Krim as acting editor of MarketWatch.com, effective immediately.

Jonathan is already intimately familiar with MarketWatch, having consulted with the team for the past 18 months on various initiatives that have been instrumental in MarketWatch’s recent, significant audience growth.

In this full-time role, Jonathan will be based in New York and lead the MarketWatch news team in achieving some very ambitious, internal journalistic and audience-development goals that we have set for ourselves in recent weeks, all part of a larger business growth plan for MarketWatch, the free Dow Jones markets and investor portal.

MarketWatch’s co-managing editors for newsroom operations, Anne Stanley (San Francisco) and Tim Rostan (Chicago), will report to Jonathan and, along with Jeff Nash, the editor of SmartMoney.com, who is taking on an expanded role as head of personal finance for both sites, form the core Leadership Team at MarketWatch that will work closely with me, and which will include Liesel Kipp, the general manager of MarketWatch.com.

Jonathan, who is currently senior deputy managing editor of WSJ.com, will continue to report to me in his new MarketWatch role, as we seek a tighter collaboration and deeper integration with the Dow Jones Digital Network’s news operations in coming weeks and months.

Jonathan came to Dow Jones in 2010 with deep roots in financial and technology journalism, both of which will serve MarketWatch well. He has previously served as an assistant managing editor of the Washington Post’s digital newsroom; a technology-policy reporter for the Washington Post; the executive editor of TheStreet.com; and an assistant managing editor for business/technology at the San Jose Mercury News during some of Silicon Valley’s formative years. His tenure in San Jose was marked by two Pulitzer Prize-winning projects that he directed.

Please join me in congratulating Jonathan (jonathan.krim@wsj.com) on his new mission. He will be on the next MarketWatch monthly all-staff call, details of which will be sent out in early September.

Labor Department releases data early


The Department of Labor on Thursday released its closely watched weekly jobless report at least five minutes early on its website, ahead of its embargo release time for business reportrs, reports Geoffrey Rogow and Stephen L. Bernard of Dow Jones Newswires.

Rogow and Bernard writes, “Each week, the Labor Department releases its weekly jobless report at 8:30 a.m. EDT from a news ‘lockup,’ a gathering of journalists from more than a dozen accredited news agencies, including News Corp. unit Dow Jones & Co., publisher of this newswire. Some organizations maintain specialized hardware and software that allow them to transmit the data to subscribers as soon as figures are released.

“The early data release comes just one month before the Labor Department is set to initiate a series of changes to its data-release practices. Among the changes starting in September, all equipment used by news organizations at the lockup must be shipped directly from the manufacturer or a reseller to the Labor Department.

“As part of the changes to its data release, the Labor Department was planning to start posting the data to its website at the same time it allowed journalists to publish the data. In the past, there had been a slight delay before the data were released online.

“It was unclear whether that change had already gone into effect.

“The changes to the data release were a step back from a more-sweeping set of adjustments initially proposed. Those changes met criticism from some journalists and lawmakers, who said the adjustments risked introducing errors into reporting the data, among other objections.”

Read more here.

SmartMoney.com announces staff


Although Dow Jones & Co. announced last month that it was closing SmartMoney‘s print publication, the website lives on.

Raju Narisetti, who is the managing editor of WSJ.com and oversees the online operations of SmartMoney, sent out the following staff announcements on Wednesday:

We are delighted to announce the expansion of SmartMoney.com with several additions to its news team. All are part of our goal to expand the brand’s digital reach as we continue to deliver our fresh and up-to-the-minute personal finance approach to advice and news, at SmartMoney.com as well as to personal finance readers of MarketWatch.com

Matt Heimer joined SmartMoney as a staff reporter in 2000, and as a senior writer occupied the coveted “weird features” slot in the mid-2000s. He became the magazine’s deputy editor in 2008. Previously, Matt worked at the media-criticism magazine Brill’s Content, where he spent six months as its only online columnist. Prior to that, he was a Knight Fellow in Journalism and Law at Yale Law School. He’s a native of San Francisco and a graduate of Yale College.

An invaluable member of SmartMoney for her ability to catch errors (and make her colleagues look great), Alice Hagge joined the magazine as copy chief in February 2010, having already served in that role at Conde Nast Portfolio and Portfolio.com, and earlier for Business 2.0 magazine and Business2.com. Alice is a graduate of the University of Georgia and holds a bachelor of arts in magazine journalism.

Before joining SmartMoney in 2011 as a staff writer, Ian Salisbury was a columnist for Dow Jones Newswires, where we wrote about mutual funds, exchange-traded funds and other more exotic investments. He was has degrees from Northwestern and Columbia Universities.

As a staff writer for the past two years, Charles Passy has written stories on everything from the challenges of predicting longevity to the oversized wallets Americans persist in carrying and the question of whether investment advisers could topple the brokerage industry. A regular contributor to The Wall Street Journal’s Speakeasy blog, Charles was previously a writer for Dow Jones Newswires and a food and arts writer for The Palm Beach Post in West Palm Beach, Fla.

For the past four years, Elizabeth O’Brien has covered bonds, funds and other investments, along with the odd story about boxing or luxury phones. She began writing about finance eight years ago at The Bond Buyer newspaper. Elizabeth is originally from Alexandria, Va., and holds a graduate degree in journalism from Columbia University and an undergraduate degree in comparative literature from Brown University.

Jennifer Wieczner started at SmartMoney as an intern in 2010, and quickly moved her way up to writing stories on such far-flung subjects as pension plans, oyster farming and stand-up paddle boarding. Jen graduated from Northwestern University’s Medill School of Journalism and also writes about society and cultural events for WSJ’s Greater New York section.

We are also happy to note that Brett Arends will be writing a weekly column for SmartMoney.com. Most recently, Brett, an inveterate bargain hunter, was writing features and a monthly column for SmartMoney.

Dow Jones to sell newswires through WSJ.com


Dow Jones & Co. plans to sell its newswires content and all of its content to financial institutions directly through The Wall Street Journal website, according to a story from Jennifer Saba at Reuters.

Saba writes, “Fenwick’s ambitions to sell directly to financial institutions is a change in strategy for Dow Jones. It comes at a critical juncture for Rupert Murdoch’s News Corp, which is preparing to spin off its slower-growing publishing assets from the more lucrative film studio, cable and broadcast TV networks.

“As newspapers around the world suffer sharp drop-offs in advertising sales, the standalone publishing company will need to bolster its business with financial institutions and other companies to drive growth.

“Fenwick said he intends to raise prices for the newswires, whether customers get them through WSJ.com or through market data platforms sold by Bloomberg, Thomson Reuters, FactSet Research Systems Inc and Interactive Data Corp.

“That could be a tough sell given that many Wall Street banks, whose profitability has been sagging, are currently cutting staff and seeking to save costs.”

Read more here.

The WSJ and Dow Jones team in Beijing works around the clock



BEIJING — A team of more than 100 journalists and translators work at The Wall Street Journal and Dow Jones Newswires operation in Beijing, literally around the clock.

There are 70 journalists on the news side and almost 50 working in the translation unit, explained China editor Andrew Browne in a recent visit to the office. Of the journalists, a dozen work for The Journal, while the rest are Dow Jones Newswires.

With a 7 a.m. deadline for the United States and a 3 a.m. deadline for the Asia edition of The Journal, reporters are up all night answering questions from editors in New York if their story is appearing in the U.S. edition.

“On a front page story, you don’t go to bed,” said Browne. “You’re up all night dealing with New York. It’s the part of the job that sucks. The problem is that they want it to be as fresh as possible.”

In addition to the print versions of the paper, the staff is also filing copy for a real-time Chinese financial wire that is heavy on coverage of fixed income, foreign exchange, macroeconomics and banks.

Content is also provided written for the Dow Jones wire, the Chinese edition of the website, and a blog called China Real Time, which Browne said is “kind of like karaoke. Anybody can grab the microphone.”

The blog was the first Real Time blog launched on WSJ.com in October 2009. China Real Time content covers mainland China, in addition to Hong Kong and Taiwan.

Articles are contributed by both Wall Street Journal as well as Dow Jones Newswires reporters across greater China. Additional contributions come from industry and policy experts, most recently including Stanley Lubman, a long-time specialist on Chinese law; Michael Dunne, a leading expert on China’s auto industry; and Russell Leigh Moses, a Beijing-based analyst and professor who writes on Chinese politics.

The Journal and Dow Jones now also have Real Time blogs covering Korea, Japan, Indonesia, Southeast Asia and India.

The Beijing bureau was the first at Dow Jones to combine The Journal staff with the Dow Jones Newswires staff, a trend that has continued across the company. Browne said that the transition into an integrated staff was “made easier” by the fact that “the newspaper itself became much newsier. There is now quite a bit of overlap between the wire and the papers.”

One issue Browne faces is hiring business journalists with both Chinese and English language skills. The organization is not allowed to hire Chinese national journalists and call them reporters; instead these staffers are “news assistants” who often work alongside journalists.

Rarely will the bureau add a journalist with just English language skills. One such reporter is Bob Davis, who has 35 years of experience. Browne notes that when Davis travels on a story, he must pay for two train tickets and two hotel rooms, but that Davis brings a wealth of  knowledge to stories that is worth the price.