Tag Archives: Marketwatch

Jonathan Krim

Marketwatch EIC Krim named WSJ’s tech editor/SF bureau chief

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Wall Street Journal managing editor Gerard Baker sent out the following staff promotion on Monday:

I’m delighted to announce that Jonathan Krim is appointed Technology Editor and San Francisco Bureau Chief for The Wall Street Journal and Dow Jones.

In his new role, Jonathan will lead our global coverage of technology and drive expansion of tech readership around the world. The Journal’s unrivalled global reach makes us uniquely placed to produce the most comprehensive, lively and authoritative reporting of this most important business sector. From breaking news in real time on some of the best-known companies in the world to providing the most insightful analysis of where tech is headed to providing fast and in-depth reporting on tech finance and innovation, Jonathan will lead an expanded team to ever greater journalistic dominance.

Jonathan is an experienced journalist with a rich background in technology and general news coverage. He spent 17 years at the San Jose Mercury News in Silicon Valley, where, among other roles, he oversaw business and technology coverage. Among his many successes, he led prize-winning coverage of Philippine President Ferdinand Marcos’s international finances and the northern California earthquake of 1989. He also covered technology policy for The Washington Post.

Jonathan is a digital innovator and has successfully managed major online publications. Most recently, he oversaw Marketwatch, where, during his two-year tenure, site visits increased nearly 50%. Prior to his stint at Marketwatch, Jonathan was Deputy Managing Editor for washingtonpost.com and Senior Deputy Managing Editor for WSJ.com.

Jonathan will report to Dennis Berman, Business Editor for Dow Jones and The Wall Street Journal.

Jon Friedman

Ex-Marketwatch columnist Friedman has new job

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Jon Friedman, the media columnist for Marketwatch.com who was among the layoffs earlier this year, has found a new job.

Friedman tells Talking Biz News that he has created and launched the Media Matrix blog for Indiewire.com.

“This blog will be an informative, provocative and (I hope) irreverent look at the blessed media establishment,” said Friedman in a message.

“The blog will cover everything from the business news of the media to Smart TV to critiques of the media’s performance (as in the coverage of the Boston Marathon bombings, for example), to game-changing technologies such as Aereo to media-industry leaders,” added Friedman. “I it created for IndieWire and it launched on April 8. I will be blogging, as the Kinks, sang, all day and all of the night.”

Friedman wrote the Media Web column. Before joining MarketWatch in 1999, he covered business and finance for almost two decades for USA Today, BusinessWeek, Bloomberg News and Investors Business Daily.

He is co-author of the expose “House of Cards: Inside the Troubled Empire of American Express” (1992, Putnam) as well as a recent book on musician Bob Dylan. His freelance pieces have appeared in the magazine and business sections of the Sunday New York Times, the American Banker and other publications.

He appears frequently on television and radio programs to discuss news issues, and in 2010 he launched the Web TV show, “Media Matters with Jon Friedman.”

pick-stocks-dart-board-3

Marketwatch brings back old WSJ “Beat the Darts” game

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Marketwatch.com editor Jonathan Krim has posted the following:

 

 

Once, before this whole Internet thing, the Wall Street Journal newspaper had a famous stock picking game. Editors would take the printed stock tables, throw darts at them to form a random portfolio, and play it against picks  from money managers over a period of time.  More often than not, to the delight of the reading public, the Darts won.

Despite its popularity, the game went the way of printed stock listings.  But we figured, isn’t it time to bring the Beat the Darts game back, online style? So partnering with our siblings at the Sunday Journal, which has continued the game in print supplements that are syndicated to regional papers around the country, the first new version of the Beat the Darts game launches Friday. Which means you have until then to sign up and play. Nearly 1,500 are in already.

It’s pretty simple: You get $100,000 in absolutely genuine fake money. You pick up to six  stocks, ETFs or funds. By going digital, we can allow unlimited trading within the three-month period of each game. So you can pursue a buy-and hold strategy, actively manage your basket, or something in-between. Best total return after the period ends wins.

There will be a leaderboard, and you can sign up for updates. Play against friends, co-workers, some famous money managers, some of us in MarketWatch and Journal land, and of course the ever-formidable Darts entry.

Read more here.

In 1988, the newspaper began a regular feature where investment professionals picked stocks and compared their performance to stocks picked by throwing darts. The feature was wildly successful and copied, and academics have studied its significance.

The experts outperform the darts by a wide margin, but they outperform the broader market by a statistically insignificant spread, noted researchers Allen Atkins and James Sundali in Applied Economics Letters. Another study of the picks by University of Massachusetts business professor Bing Liang showed that the picks by the professional investors have been “indistinguishable” from the dartboard picks 90 percent of the time.

WSJ iPad Newsstand

Inside the Dow Jones R&D operation

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The Economist has a brief story about the research and development operations at Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch.com.

The story reads, “The team has been in existence for under a year, but it’s already developed a few products that are soon to launch. One is a ‘digital vault’ designed to protect sensitive user-owned content and provide Dow Jones customers with a channel for sharing and discussing the content with one another. The vault will initially focus on the exchange of sensitive information between lawyers, accountants and tax advisers, among others.

“Another soon-to-debut product is built to encourage conversation between Wall Street Journal readers. This technology, which Levy describes as a hybrid between email and chatting, is meant to take engagement a step further than just commenting on a Journal article. ‘We have over 2 million people paying for the Journal. And these are highly educated, influential professionals who have a lot in common with one another,’ Levy explained. ‘Right now, we engage our readers, but we don’t necessarily encourage them to engage with one another in a long-lasting way that will build relationships and enable collaboration.’

“The products coming out of the R&D department are ultimately developed to prepare Dow Jones for an all-digital world, a key tenant of this innovation lab’s philosophy. ‘It’s my expectation that in a number of years, 100 percent of [Dow Jones] revenue will come from digital. People aren’t going to want to hold a newspaper,’ Levy said. ‘For as long as people want to hold a newspaper, we’ll give it to them, but sooner or later that will change. And by then, we’ll have a digital business model in place.’”

Read more here.

John Wordock

Wordock named executive editor of WSJ/Marketwatch Radio Network

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Raju Narisetti, who oversees The Wall Street Journal‘s digital operations, sent out the following announcement on Thursday afternoon:

I’m delighted to announce that John Wordock has been promoted to Executive Editor for the WSJ and MarketWatch Radio Networks.

While we will continue to keep both brands and offerings distinct as they focus on different customers — both radio stations and audiences alike — John will be charged with dramatically increasing internal cross-collaboration in our recently streamlined radio team, and leveraging all our on-air and off-air talent. Patrice Sikora, Managing Editor of WSJ Radio, will continue in her vital role and significantly ramp up on her first love: on-air journalism.

John brings with him a strong passion for the radio business, providing extraordinary customer relations for traditional over-the-air partners such as WINS-AM in New York, WTOP-FM in Washington, WBBM-AM/FM in Chicago and KCBS-AM/FM in San Francisco. During John’s tenure as Managing Editor of MarketWatch Radio, its affiliate roster has grown to some 250 stations.

John’s team has also captured numerous accolades for its reporting the last few years, including several National Headliner Awards for breaking news and enterprise reporting, SABEW’s Best in Business Award, the Excellence in Financial Journalism Award judged by NYSSCPA and the New York Financial Writers Association, and NAREE’s Best Real Estate Broadcast Award.

John’s also been quite progressive in moving MarketWatch Radio online, developing a radio page for listeners, a widget for affiliates, and podcasts for iTunes, Stitcher, TuneIn and other content partners. He’s also been an early adopter of social media. MarketWatch Radio has been on Twitter and Facebook for almost a half-decade now.

As a managing editor at MarketWatch.com since 2007, John has also worked closely with top editors there in planning story coverage and finding a complementary role for audio. That experience will especially help in his new role as we seek to expand audio offerings for current and future WSJ, MarketWatch and Dow Jones products.

John’s role will be effective March 1 when he will start commuting to New York and South Brunswick, with an eye on moving his family permanently this summer from Bethesda, Md.

Please join in me congratulating John.

Marketwatch Retirement

More job cuts at Marketwatch.com

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The layoffs are continuing at business news website Marketwatch.com.

Talking Biz News has confirmed that the journalists who have lost their jobs this week include Sydney bureau chief Sarah Turner, biotech reporter Val Kennedy, and Tel Aviv news editor Rob Daniel.

Jonathan Krim, the editor of Marketwatch, is currently visiting its San Francisco bureau and calling people into the office, so the layoffs may not be over.

UPDATE: Talking Biz News learned late Wednesday that Anthony Lazarus, a news editor in San Francisco, has lost his job.

Lazarus was eight-plus years into his stint as a news editor at Marketwatch, working on stories and the site’s front page daily. In addition, he’s written features and videos on Bay Area food, wine and beer, among other subjects.

Before going to Australia, Turner was based in London, covering European markets and business. She previously was a reporter for Dow Jones Newswires.

Kennedy covered the medical beat from Boston. She has worked for The Wall Street Journal, Reuters, Dow Jones Newswires and Bridge News. Kennedy holds a B.A. in political science from Bates College and a master’s degree in journalism from Boston University.

Daniel has worked at Bloomberg, the New York Times and The Wall Street Journal. Previously he also had an eight-year stint working in Israel writing and editing English-language material for businesses there.

Talking Biz News reported last week that business journalists who worked for the Dow Jones & Co. website in Chicago, New York and Washington lost their jobs. Among those cut was media columnist Jon Friedman.

 

Friedman

Layoffs occurring at Marketwatch

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Marketwatch.com has been trimming its business journalism staffers in the past few weeks, Talking Biz News has learned.

Among those who have lost their jobs include two editors in Washington, and three journalists in Chicago, multiple sources have told Talking Biz News.

The high-profile departures include media columnist Jon Friedman and reporter Steve Gelsi. Friedman confirmed his March 1 departure on Twitter and added that he is looking for a new job. Talking Biz News is told that those laid off were given the option of working one more month.

Former Marketwatch media reporter David Wilkerson, who was with the site for 16 years, is now blogging about the media here and looking for “new opportunities.”

Some of these cuts occurred on Friday when Dow Jones & Co. removed the “acting” before Marketwatch editor Jonathan Krim‘s title. Krim took over last year after longtime editor David Callaway left to become editor of USA Today. One staffer said that 13 journalists who worked with Callaway have left since his departure.

“It’s not like they’re cutting 100 jobs,” said one Marketwatch staffer. “But in our little niche of the world, it’s very upsetting.”

A Dow Jones spokeswoman notes Friday that Marketwatch has also added six positions in the last two months. Krim has also been known in business journalism circles to be seeking a new banking reporter for the site.

Friedman wrote the Media Web column. Before joining MarketWatch in 1999, he covered business and finance for almost two decades for USA Today, BusinessWeek, Bloomberg News and Investors Business Daily.

He is co-author of the expose “House of Cards: Inside the Troubled Empire of American Express” (1992, Putnam) as well as a recent book on musician Bob Dylan. His freelance pieces have appeared in the magazine and business sections of the Sunday New York Times, the American Banker and other publications.

He appears frequently on television and radio programs to discuss news issues, and in 2010 he launched the Web TV show, “Media Matters with Jon Friedman.”

Gelsi has been Marketwatch’s lead IPO reporter based in New York.  He is the author of “CBS MarketWatch, the Story Behind the Numbers … How America Made A Fortune and Lost Its Shirt.”  He previously worked at Forbes.com, BrandWeek and various daily newspapers. He was awarded the Keystone Press Award.

Marketwatch Retirement

Krim named editor of Marketwatch.com

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Jonathan Krim, who has been acting editor of Marketwatch.com since the departure of David Callaway last year, has been given the permanent role.

Raju Narisetti, who oversees all of the Dow Jones digital operations, writes in an employee memo:

We are delighted to note that Jonathan Krim is being named Editor of MarketWatch.com.

Since taking over as Acting Editor six months ago, Jonathan has restructured the MarketWatch newsroom to better position resources for speed, for growing the site’s audience through social, mobile and other platforms, and for significantly closer coordination with the Journal’s newsroom and WSJ.com. And under him, there have also been significant talent additions to its journalism ranks in recent weeks.

Even before joining MarketWatch full time, Jonathan had been involved in evolving its strategy to try and become the best place on the ad-supported Web for individual investors to find high-quality insight and advice on how to use news, in addition to getting the news itself in a timely manner. Among other things, Jonathan has spearheaded making MarketWatch the first major news media site to incorporate tracking of social sentiment of stocks in its quotes pages, as another metric investors can use to help make decisions.

MarketWatch also is expanding coverage for those looking to build and protect their nest eggs, including a new Retirement Center that, in just a few months of launch, has become a market leader, with fresh stories, columns and blog posts every day.

Jonathan’s drive for innovation and deep experience as a digital and print journalist makes him perfect for this role.  He came to Dow Jones in 2010 as Sr Deputy Managing Editor of wsj.com, having previously served as an Assistant Managing Editor of The Washington Post’s digital newsroom and prior to that, a technology-policy reporter for the Washington Post. Before that, he was 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.

Andrew Littell

Littell, who helped FT and Marketwatch.com start Euro news site, dies

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Andrew Littell, who in 2000 helped the Financial Times and MarketWatch.com start a business-news website, has died. He was 44.

Laurence Arnold of Bloomberg News writes, “In 2000, as head of corporate finance for the Financial Times Group Ltd., Littell helped create Financial Times MarketWatch.com Ltd., a joint venture with MarketWatch.com that established a real-time news and commentary website for European investors, FTMarketWatch.com.

“‘Andrew was a rising star with a bright future,’ Larry Kramer, publisher of USA Today in McLean, Virginia, said yesterday in an e-mail. Kramer founded U.S.-based MarketWatch in 1997 and was chairman of the joint venture with the Financial Times. ‘Andrew was instrumental in building new and creative advertising models, and we were very impressed with him.’

“Though it succeeded in building readership, FTMarketWatch.com couldn’t survive the drop in advertising when Internet stocks crashed in 2001 and 2002, Kramer said. The website was out of business by the time he sold MarketWatch to Dow Jones & Co. in 2005 for about $530 million.

Read more here.
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Marketwatch.com names two new editors

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Jonathan Krim, the acting editor of Marketwatch.com, sent out the following staff announcement on Wednesday afternoon:

I am delighted to announce that two WSJ/WSJDN stars are taking new roles at MarketWatch:

Silvia Ascarelli, a longtime Wall Street Journalist, will join us as Senior News Editor. Silvia has deep and varied markets experience, serving as a news editor at the Journal since 2005 and responsible for the team that handles the Money & Investing portion of the Asian and European editions.

Before joining the desk, she was a reporter in London and Frankfurt for 17 years for either the Journal or Dow Jones Newswires, writing about everything from banker behavior on IPOs and stock-exchange deals (that often fell apart) to an earlier European currency crisis. She previously worked for the Jersey Journal in Jersey City and The Times in Hammond, Indiana. Silvia will have several duties in her new role, including managing the MarketWatch homepage for portions of the day and helping to coordinate and edit news and special-projects coverage.

A graduate of the University of Missouri, she took off the summer of 2000 to bicycle 4,345 miles across the U.S., but now mostly settles for biking to the train station.

Jessica Marmor Shaw, currently an editor on the WSJ mobile team, will become Mobile Editor for MarketWatch. Jess joined WSJ.com in 2005 on the night news desk, eventually managing the team for two years. She led the online night news desk through pivotal changes for both online and print, including the transition to Methode publishing, the growth of the paper in the form of Greater New York, Off Duty and Review and the launch of the WSJ iPad app.

In 2011, she brought her experience with news production to the WSJ mobile team, and in the past year helped to expand the design and interactive capabilities of the app, helped to launch the “universal” WSJ iPad/iPhone app, and helmed the mobile 2012 election day effort.

In her new role, Jess will oversee all mobile editorial strategy and execution for MarketWatch, including spearheading the launch of a new universal app this spring. Currently based in San Francisco, she is a graduate of the Columbia University Graduate School of Journalism and Williams College. In her off time, Jess is a fanatic about yoga, particularly the kind where the room is about 392 degrees. Celsius. Or something like that.

Start dates on both are being formalized. Please join me in congratulating Silvia and Jess.