Tag Archives: Information

linkedin-logo

Is LinkedIn the next business journalism powerhouse?

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Shafqat Islam writes for Advertising Age about how LinkedIn could soon be a major player in business journalism.

Islam writes, “This past year LinkedIn rolled out a game-changing feature, the Influencer program, which has made it a go-to site that offers far more than just the world’s largest virtual Rolodex.

“The Wall Street Journal, Financial Times and other top-tier business publishers should be worried. LinkedIn is arguably the world’s largest business publication (or any publication for that matter). With a registered audience of more than 230 million, LinkedIn has more than 50 times the number of registered users as the Financial Times. LinkedIn drives around 10 billion page views per month, compared to 133 million for The Wall Street Journal. LinkedIn had 116 million unique visitors last quarter, compared to 13 million average monthly uniques for The Journal.

“LinkedIn can drive traffic back to individual articles via the site’s Today’s News hub. However, that traffic to publishers pales in comparison to the enormous number of page views being driven to the original content that the site is now creating and distributing through its Influencers program.

“This program has allowed the company to position itself as curator of high-quality content, pushing out personalized content to a vast audience of global professionals.”

Read more here.

Business 1310

Radio station devoted to biz news launchs in western NY

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A radio station called Business 1310 based near Rochester, N.Y., has begun broadcasting and carrying business news.

A story on YNN.com writes, “Genesee Media Corporation out of Dansville is launching a weekday business and financial news station called Business 1310.

“During the day, people will be able to tune in to hear news updates in the local community, as well as worldwide reports from Marketwatch, Bloomberg and NBC News.

“After a few more months of testing, the radio station will be available on AM channels throughout the Rochester region, western suburbs and eastern region. Business 1310 will also be available online and on your phone.”

Read more here.

The Grid

A fight over the Grid name

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Robert Feder of TimeOut Chicago reports that a local publication, The Chicago Grid, is upset with the Chicago Sun-Times using the name The Grid for its new weekly business publication.

Feder writes, “Zaremba’s statement expressed outrage that Wrapports would ‘sink to such lows as to recycle an idea that an independent journalist had four years ago,’ adding: ‘With such a large paid staff, it’s really sad that they couldn’t come up with an original name. Either they are incompetent and didn’t perform the necessary due diligence or are lacking serious ethics and lifted a name ready-made from a publication that is staffed by volunteers and funded out of my own pocket and through donations.’

“Asked to comment on Zaremba’s threatened legal action, Wrapports released the following statement: ‘Grid is a weekly business publication that appears in print and digital media. Ms. Zaremba’s website is not a business magazine, nor does it even appear to be active.’

“A spokeswoman for the company declined further comment.

“Multiple local websites and Twitter accounts use the word “Grid,” including Grid Chicago, a blog about sustainable transportation matters (recently renamed Streetsblog Chicago), The Grid, a website for a sports bar in River North, and Chicago Artist Grid. Elsewhere, dozens of other publications and e-zines also incorporate the word.”

Read more here.

Bloomberg.com launches new politics page

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Bloomberg.com announced Monday the launch of a new Politics page featuring top stories, daily video commentary from Bloomberg’s Al Hunt, a state-by-state analysis of campaign spending and a “Political Capital” blog offering data-rich perspectives and insight.

Run by Deputy Managing Editor for U.S. Government News, Mark Silva and reported by Bloomberg News’ Washington bureau, the “Political Capital” blog focuses on “The Currency of Government,” illuminating the connection between money and governance, the business of campaigns and the impact of the economy on elections.

Features on the page and in the blog include:

–”In The Hunt,” a daily video blog with commentary from Hunt, Washington Executive Editor and host of “Political Capital” on Bloomberg TV;

–”State of the States,” an interactive map using data from the Bloomberg Economic Evaluation of States (BEES) offering insight into how state-level economies will play a role in political campaigns;

–”Bloomberg by the Numbers” a daily feature breaking down the most important number in politics and what it means.

“With the newly enhanced Politics Page and Political Capital blog, we shall draw on resources unique to us to deliver insight that cuts through the clutter of our political world,” said Silva. “Our content leverages Bloomberg’s unmatched depth in data analysis and visualization, informing voters  and political and business leaders with fact-driven intelligence about the intersection of American politics and the economy. Our reporting comes from a Washington operation unmatched in size and scope, our data from a global information-gathering organization.”

Read more here.

TV is ignoring the LIBOR scandal

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Mark Gongloff of The Huffington Post writes about how television news isn’t paying much attention to the LIBOR rigging scandal.

Gongloff writes, “The scandal that has been not-crazily called the biggest financial scandal in history has gotten all of zero minutes’ air time on the ABC and NBC nightly news broadcasts and only a little more time than that on CBS and the major cable news channels, according to a report by the progressive media watchdog Media Matters.

“Who cares, you might be thinking, who watches TV news any more? Not as many, any more, but most people still consider TV their primary news source.

“Media Matters did a Nexis search for all the times Libor and Barclays and other search terms related to the scandal got mentioned on prime-time broadcasts since the scandal broke in June and found next to bupkus:

After spending roughly six and a half minutes combined covering the scandal on their evening newscasts and opinion programming between June 27 and July 12, MSNBC, CNN, and Fox News devoted less than 32 minutes to stories related to the controversy from July 13 to July 28, with more than two-thirds of that coverage coming from CNN.

“So, to recap, the major TV outlet covering Libor the most is the one that nobody watches, CNN.”

Read more here.

The Atlantic names its biz news site Quartz

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Jeff Bercovici of Forbes.com writes that The Atlantic has decided on Quartz as the name for its new business news site.

Bercovici writes, “One is symbolic: The mineral quartz is associated with intense geological activity. ‘It’s a bit of a metaphor for our intent to cover obsessively the tectonic shifts in the global economy,’ Delaney says.

“Another is aesthetic: With both a ‘q’ and a ‘z,’ two of the least frequently used letters, it’s just an unusual and distinctive-looking word.

“Then there are the utilitarian considerations. For its domain, Quartz will drop all the more common characters in favor of the ultra-pithy qz.com. In an environment where the importance of Twitter as a distribution channel puts characters at a premium, a two-letter domain ‘practically eliminates the needs for a URL shortener,’ says Delaney. ‘From a practical standpoint, it’s user-friendly.’

“It’s also easier for mobile users to type in on their smallish keyboards. Plus there’s the fact that the company that owns Quartz.com, a manufacturer of scientific equipment, didn’t want to give it up.”

Read more here.

Financial literacy column to begin in Cincinnati daily

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Julia Heath writes in the Cincinnati Enquirer about how the Gannett-owned daily is starting a new column in its business section.

Heath writes, “Later this month a new column debuts in The Enquirer’s Business section that will be aimed primarily at our youth (although adults might enjoy it as well). It will explain current economic and financial education topics in an accessible way so that students can become more informed about the world in which they live.

“The column will contain internet links for parents and teachers so that parents can talk to their children about economics and financial issues, and teachers can continue the conversation in the classroom.

“Our objective is not only to impart important information to our youth, but also to give parents and teachers the tools to engage in the conversations necessary to strengthen and enlighten individuals, families and communities, not only during Financial Literacy Month, but year-round.”

Read more here.

Business journalism ethics and investing

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Glenn Hunter of D Magazine in Dallas attended the Society of American Business Editors and Writers‘ conference in Indianapolis and was intrigued by the ethics discussion around ShareSleuth.com, an investigation news site funded by billionaire Mark Cuban, who shorts stocks that the site investigates.

Hunter writes, “Sharesleuth stories are fact-checked independently and are absolutely accurate, he added, so ‘I … believe it’s journalism. But I don’t care what you call it.’

“‘What Chris does is definitely journalism,’ said Bob Steele, a professor of journalism ethics and scholar-in-residence at the DePauw University Janet Prindle Institute for Ethics. ‘I am troubled by the underlying financial model of the short-seller, because it pushes very hard on the principle of independence. You cannot be beholden to others who would deter us from getting to the truth.’

“But, ‘people know if Mark Cuban has a position,’ Carey stressed. ‘They know that when we start.’

“‘Disclosure is healthy, but it doesn’t eliminate problems,’ Steele said. ‘No matter how much he holds up his hands and says they’re clean, that doesn’t eliminate problems.’

“Since Cuban reviews all Sharesleuth stories in advance, he has time to buy stock in a targeted company as a ‘short-seller’ before the article appears. If the share price then proceeds to tank, he may profit on the price differential.”

Read more here.

Atlantic planning publication tentatively called Global Business Elite

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Nat Ives of Adverting Age talks to Chris Batty, who has been hired by the Atlantic to be the publisher of its new business publication.

Here is an excerpt:

Ad Age: Everyone in web publishing has to figure out how niche or how mass they want to be. Is this new site going to play out more like a new Financial Times or a new Business Insider?

Mr. Batty: The Insider folks began with an extremely focused coverage model — tech and Silicon Alley — and have grown very successfully from there, and aggressively, to the point — and I spend a lot of time on the site — when you think about concentric rings of content terrain, they’re way out there now. I got my “Kony 2012″ cultural zeitgeist from Business Insider. I look at them as the HuffPo with a business filter.

GBE — which is our working product name, for Global Business Elite — is going to be focused on the very, very, very top of the pyramid in terms of global business and financial management, the C-suite. We inherently define the target narrowly, with very little aspiration in any foreseeable timeline to wander from serving that audience segment deeply.

Read more here.

CNNMoney.com pulls story after personal finance journalist complains

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Jill Krasny of Business Insider reports that CNNMoney.com pulled a video story recommending people buy lottery tickets after personal finance journalist Zac Bissonette complained it was dubious.

Krasny writes, “Per Bissonette: ‘I hesitate to even say this, but if you do buy lottery tickets, picking random numbers is the way to do it. Using random numbers you pick means you’re more likely to pick numbers someone else has, and they’ll you’ll be more likely to split.’

“Bissonette describes the video as an epic fail for a credible and highly respected news site.

“‘The best thing you can say about this video is that people are flushing $40 away on the book,’ he says. ‘But it’s dangerous—(the video) encouraged a lot of people to buy the book and spend money on lottery tickets that they shouldn’t buy.’
“When tapped to comment, a CNN spokesperson emailed this response: ‘The CNNMoney newsroom takes great pride in its journalism, with consistently high standards for reporting. This video fell short of that mark and we’ve chosen to remove it from our site.’”

Read more ethics.