Tag Archives: Information

Consumers: Media to blame for not warning us about economic woes

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A 52-country survey by Nielsen Co. reveals that consumers around the globe believe the media is at fault for not warning them about the problems that led to the current recession.

Kenneth Hein of Nielsen writes, “In every region except Latin America, the percent of people who agreed or strongly agreed that media coverage was inadequate outnumbered those who disagreed by 2-to-1.

“The two regions where consumers were most dissatisfied were Europe and North America. Not surprisingly, these were the areas hit hardest by the current economic crisis. GDP in Western Europe and North America were the lowest among all regions covered.

“In North America, 51 percent agreed that coverage leading up to the crisis was inadequate compared to 20 percent who disagreed. In Europe, 48 percent agreed compared to 22 percent.

“On the other hand, consumers in many Asia Pacific nations, where the impact of the economy hasn’t been as harsh, were generally less critical of the media.”

Read more here.

Google hires LA Times biz reporter who covered company

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Chris Gaither, a Los Angeles Times assistant business editor, has been hired by Google to work in its corporate communications department, according to a report in PRWeek.

Frank Washkuch writes that Gaither will be a “senior manager in its corporate communications department, effective June 29. He will focus on Google News and Book Search, according to a company spokesperson, who confirmed an earlier report on PRNewser.

“Gaither, who covered the search company for the Los Angeles Times, is also a former employee of The New York Times and Boston Globe.”

Read more here.

Memo announcing new Miami Herald biz editor

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Anders Gyllenhaal, the executive editor of the Miami Herald, providing Talking Biz news with the memo sent out Tuesday announcing the paper’s new business editor — Jane Wooldridge.

The memo states, “We’re pleased to announce that Jane Wooldridge, a long-time Herald editor with a strong entrepreneurial streak who has handled everything from web ventures to numerous print upstarts, is our new Business Editor.

“Jane brings a mix of business savvy, community contacts and high editorial standards to the job. As Travel Editor, she approached her role as ‘part brand manager, strategic planner, new product developer . . . interdepartmental facilitator, budget-and-staff manager, new business initiator, multi-media specialist and production manager in print and online.’

“This is precisely the kind of thinking we know she will bring to her new role.

“We were in the enviable position of having a lot of capable candidates for the position, which made the selection process more difficult. In the end, we’ll end up with a strong leadership team in Business, with
the expertise and experience of Mimi Whitefield and Terence Shepherd, and a talented staff tracking the biggest stories of the year.

“Jane started at The Herald in 1983 as a fashion writer, then became the Society Columnist — a post that yielded an enviable Rolodex. She was assistant travel editor when she was tapped in 1994 to head Destination Florida, a Knight-Ridder Tribune pioneering online venture that took her outside The Herald for two years. It was the first editorial destination site on AOL and the World Wide Web.

“She returned to The Herald in 1996 to write a business column as well as Business Monday covers. After three years, Jane became Travel Editor. During her 10 years, she has developed and launched a succession of new products, including an upscale lifestyle magazine (RSVP) to, most recently, Weekend Getaways, a monthly magazine that targets non-Herald readers via salons, coffee shops and other retail outlets.

“A consummate professional who is painstakingly detailed, Jane is also active in the community and professional organizations, frequently representing The Herald locally and nationally. She was named the Lowell Thomas Travel Journalist of the Year, the highest accolade for a travel writer, and also was the recipient of the Knight-Ridder Award of Excellence.

“A genuine travel fanatic, her travels (both for work and leisure) have taken her to much of the U.S., Europe, the Caribbean, Latin America and Asia, with a few out-of-the way stops such as Mali, Tunisia and Mongolia. She recently hit her 100th country — Colombia.”

Miami Herald names new biz editor

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TALKING BIZ NEWS EXCLUSIVE

Jane Wooldridge, the travel editor at the Miami Herald, has been named the paper’s new business editor.

Wooldridge replaces Lisa Gibbs, who left last month to return to Money magazine.

“I’m excited about working with a superb staff to cover the stories that most directly impact our South Florida readers,” said Wooldridge to Talking Biz News. Her start date has not yet been determined. Wooldridge says she has a few commitments in her current job she needs to complete.

Her travel writing has won numerous awards, including the Lowell Thomas Travel Journalist of the Year award in 2006-07. She has also been a board member of the Society of American Travel Writers.

As travel editor, she is responsible for all travel editorial products at the Herald. Her role has been part brand manager, strategic planner, new product developer, media-and travel-trend watcher, art director, interdepartmental facilitator, budget-and-staff manager, new business initiator, multi-media specialist, production manager in print and online. She also writes, edits, blogs, photographs and appears on TV and radio.

Wooldridge has been travel editor since 1999. Before that, she was a business columnist from 1996 to 1999 at the paper, writing a twice-weekly column and Business Monday cover stories.

Woodridge has been at the paper since 1983. She is married to a local real estate development consultant and is a Duke University graduate.

Young adults rely on Internet for economics news

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Young adults rely heavily on the Internet for economic news, according to a nationwide study released Monday by the Donald W. Reynolds National Center for Business Journalism.

More than half of the 400 interviewees aged 18 to 25 said they relied a lot on the Internet for business news, followed by television and the advice of family and friends. They also rated the Internet and television as more accurate than newspapers, radio and magazines.

The study was commissioned by the Reynolds Center with interviews conducted by the Behavior Research Center Inc.

Almost half of the young adults surveyed said they had made decisions in the last year based on economic news. Those included buying less, saving more and putting off going to college.

Read more here.

Life after business journalism

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There is a world after business journalism, attests Victoria Manley, the former business editor of the Monterey County Herald in California, who left her job last year to pursue a career in the movies.

A brief in the Herald on Saturday states, “‘Up’ is the first Pixar film credit for The Herald’s former reporter and business editor, Victoria Manley. She got out of the journalism profession more than a year ago after following her animation dream on a path that led to Pixar.

“Manley, a former Aromas resident, is the assistant to the director/legal coordinator for the film.

“She reports that the past few weeks have been ‘crazy,’ with the film’s first showing at Skywalker Ranch, followed by the wrap party and the premiere in Los Angeles. But the work itself? Sublime.

“‘I can’t imagine a smoother operation,’ she said. ‘All ended on time, in budget, with nothing compromised.’”

Read more here. 

LA Times biz writer joins Beijing bureau

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David Pierson, a Los Angeles Times business reporter, has joined the paper’s Beijing bureau to cover business issues in that country.

A memo from deputy business editor Marla Dickerson states, “A member of The Times Business section, he’ll be covering business and economic issues in one of the world’s most dynamic economies. China is America’s factory floor and Uncle Sam’s banker, and Beijing is seeking a much more assertive role in shaping the future of the world financial order. David will be our point man covering China’s economic rise, and the implication for the United States.

“David started at The Times in 2000 as a METPRO, and has covered cops, education and the San Gabriel Valley. He joined the Business staff last fall as a regional economics reporter. David is a graceful writer whose front-page efforts include a Column One profile of an Alhambra Big Boy diner-turned-Asian-noodle joint and what happens to public officials who mess with the Girl Scout-cookie mafia.

“David was born in Hong Kong and raised in New Jersey. He studied journalism at St. John’s University in New York. He previously worked at Newsday.”

Read more here.

Why "Marketplace" is happy not to be the radio version of CNBC

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Jonathan Berr of Daily Finance writes about the public radio business news show “Marketplace,” which revels in its offbeat look at the world of business and finance.

Berr writes, “The program, which debuted after two other public radio business shows flopped, is designed to appeal to both expert investors and those that don’t know the difference between a stock and a bond. In fact, there is a section on the show’s website that answers the question about why stories that seem unrelated to business and economy were on the show.

“From the very start, Marketplace did not want to be like other business programs.

“‘We literally debated whether we would do the markets every day,’ Yore said in an interview. Eventually, he said Marketplace decided to the markets with a ‘twist’ of having lively or depressing music played as the figures are read depending on how trading closes. Marketplace, according to Yore, is the ‘business show for the rest of us.’”

Read more here.

GigaOm to start charging for access to premium content

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Olga Kharif of BusinessWeek reports that tech news site GigaOm has begun charging readers for access to premium content while its basic tech blogs will remain free.

Kharif writes, “For $79 a year, the new GigaOm Pro will offer access to premium content, including research reports and long-form stories in such areas as wireless technology and cloud computing.

“GigaOm is at the forefront of a push by bloggers and other online information providers to find new ways to generate revenue as demand for online advertising slumps. Online ad revenue at the four largest Web portals, Google, Yahoo!, Microsoft’s MSN, and AOL, fell 3.3% in the first quarter, according to consultant eMarketer. Newspapers and magazines are under even greater pressure as their circulation numbers dip and print ad sales plummet.

“Ad sales rose in the first quarter for closely held GigaOm, says Paul Walborsky, CEO of Giga Omni Media. Still, the site is hedging its bets. ‘We believe that new media companies out there are going to have multiple revenue sources,’ he says. The company, which boasts about 3 million unique visitors to its site a month, also makes money from coordinating industry events. GigaOm provides blog content to BusinessWeek.com.”

Read more here.

The Rupert Murdoch song

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Singer Jill Sobule sang at the All Things Digital conference earlier this week, where she was asked by Walt Mossberg and Kara Swisher to come up with a song about their boss, News Corp. CEO Rupert Murdoch.

With Swisher holding the lyrics, here it is: