Tag Archives: Information

How a biz paper should be advertised

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The following television commercial is for Ziarul Financiar, a daily business newspaper in Bucharest, Romania.

CNBC’s digital ops post record March

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Business news channel CNBC‘s digital operations reported record numbers in March.

CNBC.com had its best month ever in both uniques and page views. According to the latest data from comScore Media Metrix, the site was visited by 7.8 million unique users last month, an 83 percent increase compared to the same time period last year.

The site also recorded 381 million page views, a 64 percent increase year-over-year.

CNBC’s mobile site also had their best month ever in terms of both monthly unique visitors and page views. The site attracted more than 2 million uniques and more than 76 million page views, a 50 percent increase compared to the same time period as last year, according to Omniture.

CNBC iPhone app had its best month ever in terms of both monthly unique visitors and page views. Year-over-year, the app grew uniques by 45 percent and page views by 91 percent, according to Omniture.

CNBC's digital ops post record March

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Business news channel CNBC‘s digital operations reported record numbers in March.

CNBC.com had its best month ever in both uniques and page views. According to the latest data from comScore Media Metrix, the site was visited by 7.8 million unique users last month, an 83 percent increase compared to the same time period last year.

The site also recorded 381 million page views, a 64 percent increase year-over-year.

CNBC’s mobile site also had their best month ever in terms of both monthly unique visitors and page views. The site attracted more than 2 million uniques and more than 76 million page views, a 50 percent increase compared to the same time period as last year, according to Omniture.

CNBC iPhone app had its best month ever in terms of both monthly unique visitors and page views. Year-over-year, the app grew uniques by 45 percent and page views by 91 percent, according to Omniture.

SABEW conference comes to Dallas this week

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Bob Mong, the editor of the Dallas Morning News, writes about the improvements made in business journalism in recent decades as the Society of American Business Editors and Writers comes to his city later this week for its annual conference.

Mong writes, “Coverage of business and financial news was once a journalistic backwater, often a place to send reporters who couldn’t make it anywhere else in the paper.

“What a difference a generation makes. Over the last 30 years, business writing transformed itself into one of the hottest fields in journalism, attracting highly skilled professionals who bring precision and insight to millions of consumers worldwide.

“At the vanguard of this rebirth was the Society of American Business Editors and Writers, the largest professional organization of business journalists, with 3,400 members. The society promotes extensive training programs, ethical decision-making and careers in business journalism.

“I’m proud The Dallas Morning News was one of the first companies to commit to improved business and financial reporting, beginning in 1980. SABEW worked with us hand in hand over the years, offering reinforcement and guidance. Business columnist Cheryl Hall was an early leader of SABEW and served as its president in 1987. Personal finance writer Pamela Yip now sits on SABEW’s board of governors.”

Read more here.

Vegas Inc. magazine launches Monday

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Vegas Inc., a new weekly magazine covering business in Las Vegas, will publish its first issue on Monday.

The magazine is from the parent company of the Las Vegas Sun newspaper, and it replaces In Business Las Vegas, a weekly newspaper.

A story on its site states, “The publication, which will have the distinctive character of a magazine as opposed to a newspaper tabloid, will feature stories, columns, polls, interviews and profiles relevant to corporate executives, managers and entrepreneurs, reflecting on the region’s progress in emerging from the recession and mapping its future.

“‘The in-depth news that was published in In Business will find a new home in VEGAS INC, which will also provide comprehensive coverage, longer-form stories and a creative design that will appeal to busy executives and business owners who rely on their BlackBerrys and iPhones for news and information,’ VEGAS INC Editor-in-Chief Richard Pérez-Feria said. ‘It will not only stand unique among the business publications in this region, but will hold its own against the very best in the country.’

“Pérez-Feria, who brings to Las Vegas a successful history editing and publishing award-winning magazines in New York, Miami and San Francisco, will be assisted by an expanded editorial staff, including the In Business team of journalists as well as other Greenspun Media Group writers.”

Read more here.

Major business news announced Friday

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The following major business news story was posted on the website Insider Media on Friday morning:

A major East Midlands company has today made an acquisition of an unnamed company for an undisclosed sum. One of the advisers on the deal, who cannot be named for legal reasons, said: “This is a cracking deal and sends out a clear message that the professional and financial community can work together to complete deals.”

Another, who requested anonymity, said: “Deals are taking longer to complete these days, but hopefully this deal demonstrates that there is an appetite for quality business opportunities.”

Private equity was provided by a company from London. Bank lending from (undisclosed bank) was provided on a confidential basis.

The bank funder said: “Clearly, despite the negative perception in the media, we are open for business. This deal proves that. We do not have a problem with liquidity and we have increased lending and refinancing in the current climate.”

Advisers to the vendors were not disclosed.

Insider said of the deal: “Our sources tell us this is a great deal.”

Peoria paper names new biz editor

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Steve Tarter has been named the business editor of the Peoria Journal Star in Illinois, replacing Paul Gordon, who accepted a buyout offer.

A story on the paper’s site states, “Tarter joined the Journal Star in 1998 and has been a business beat writer the entire period.

“Before joining the Journal Star, Tarter, a 1972 graduate of Bradley University, was marketing director for GP Transit (now CityLink).

“While driving the Journal Star’s regular economic coverage, Tarter will also write a weekly business column and will continue to contribute to the ‘Minding Business’ blog on pjstar.com.

“In addition to Gordon, columnist/reporter Terry Bibo and reporter Clare Howard also accepted the buyout offer, effective Friday.”

Read more here.

Biz news source Citybizlist.com touts its growth

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Citybizlist.com, a business news site that operates in 11 cities across the country, now has more than 200,000 unique visitors to its site, a 50 percent growth in the past 60 days, the company said Thursday.

A story on its site states, “‘Citybizlist has become the local destination site for C-level executives and for B2B advertisers who want to reach this audience,’ said Edwin Warfield, CEO and founder of citybizlist.

“Citybizlist publishes high-impact local business news and information written and edited by citybizlist editors, each dedicated to one of 11 different markets that includes Atlanta, Baltimore, Boston, Charlotte/Raleigh, Dallas, Houston, New York, Pittsburgh, Philadelphia, South Florida, and Washington, D.C.

“The editors also aggregate business news stories in every market. As a result, citybizlist has an influential, growing daily readership of their e-newsletters and on their websites.

“‘In the markets where we are published, and with the scope of our coverage, we virtually replace the daily print business newspaper,’ Warfield explained.”

Read more here. Warfield started the company in 2007.  He previously ran a business newspaper in Baltimore before selling it to Dolan Co.

The changing life of a business journalist

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University of Nebraska journalism professor Joe Weber writes about Lynde McCormick, the former business editor of the Christian Science Monitor who also worked for CNBC in Hong Kong before finding a second career.

Weber writes, “An adventurer, he landed a job with CNBC in Hong Kong, a spot he loved. When CNBC pulled the plug in ’96 on its Hong Kong operation and merged with Dow Jones TV in Singapore, Lynde says, he moved back to Boston to serve as business editor at the Monitor’s newspaper. Meantime, his equally adventurous wife, Andrea, started a company that imported Chinese antique furniture.

“Then things got interesting. After a couple of years, he joined her business. The pair drove around the country, towing a trailer and doing antiques shows, as many as three each month. Eight years ago, they opened a gallery in Manhattan, The Han Horse on Lexington Avenue, to market furniture from the late Qing Dynasty (1700-1900) and pottery artifacts from as long ago as 206 BC. They continue to run it, even though the antiques business has been a tough go in recent years.

“By something of a back door, the McCormicks also got into the restaurant business. They backed a friend who opened a spot in the Greenpoint section of Brooklyn and wound up running it when he ran into personal problems. The Brooklyn Label serves espresso drinks that Lynde says are ‘amazingly good.’ It’s gotten some good notices from, for instance, New York Magazine.

“As his career has unfolded, Lynde’s reporting skills have come in handy. ‘I have constantly tried to gather as much information as possible, going to expert sources, listening to what they had to say, and then using the parts that made sense for our restaurant,’ he says. ‘It’s a lot like writing a story – you gather the best information possible and then use your own judgment and intelligence to figure out how to use it.’”

Read more here.

Periodismo económico in Spain: Better or worse than the United States?

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After spending a week in Spain teaching, reading and watching business journalism (periodismo económico), here are some thoughts:

1. Business journalism watchers in Spain believe that some of the country’s largest and most well-known companies get a pass from the Spanish business media for fear of antagonizing them. For example, it is the belief of these watchers that Banco Santander is not covered as aggressively by the Spanish business media as the bank is covered by the Financial Times and The Wall Street Journal.

The recent revelation that convicted Ponzi schemer Bernie Madoff met with executives at Santander was downplayed by the Spanish business media.

2. A business journalist recently called a regional bank to get a comment from its PR people for a story he was about to run. The business journalist was told that the PR person would call back in an hour with the response. The journalist waited five hours and then discovered that the bank had given the story to another media organization and then sent out a press release to the rest of the media. It was the second time this bank’s corporate communications staff had used such a strategy.

That would never happen in the United States, right?

3. In the 1990s, a financial journalist in Spain discovered that a bank in the country was about to be taken over by the government. What did he do with this information? He and his relatives immediately went to the bank and took out their savings before the word got out. He was not prosecuted. In fact, some consider him a hero.

4. The business reporting class taught at the University of Navarra in Pamplona will become a required course for all journalism students beginning in the next academic year.