Tag Archives: Marketwatch

Wall Street Journal Goes On Sale In London For The First Time

Nuggets about business journalism from the News Corp. filing

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There are some interesting business journalism facts in the News Corp. filing Friday with the Securities and Exchange Commission that will split its newspaper and media operations into a separate company.

They include:

WSJ.com, which offers both free and premium content, averaged more than 34 million visitors per month on average for the 12 months ended September 30, 2012 according to Adobe Omniture.

Barrons.com had more than 165,000 paid subscribers on average for the 12 months ended September 30, 2012.

MarketWatch.com averaged nearly 14 million visitors per month for the 12 months ended September 30, 2012 according to Adobe Omniture.

Dow Jones Newswires publishes over 19,000 news items in 14 languages each day via terminals and trading platforms reaching hundreds of thousands of financial professionals. This content also reaches millions of individual investors via customer portals and intranets of brokerage and trading firms, as well as digital media publishers.

The full filing can be found here.

Dow Jones Thank you

Dow Jones thanks employees

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Dow Jones & Co., the parent of The Wall Street Journal, Barron’s, Marketwatch.com and Dow Jones Newswires, thanked every single one of its employees in a full-page Journal ad on Tuesday.

The ad included all of their names.

 

Marketwatch Retirement

Marketwatch.com launches section on retirement

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Marketwatch.com, the business and financial news site operated by Dow Jones & Co., announced Wednesday the launch of MarketWatch Retirement.

Featuring news, advice and analysis targeted toward people saving for retirement, those who should be, and those already retired, the section brings together the expertise of MarketWatch’s retirement reporters and columnists, as well as coverage from The Wall Street Journal and SmartMoney.com, two other business news properties that are part of Dow Jones.

“Each day for the next two decades, people will be stepping into a retirement altogether different from that of their parents’ generations,” said Jonathan Krim, acting editor of MarketWatch, which generates nearly 15 million unique visitors per month, in a statement. “The depth of this new section makes it an indispensible resource for people to make smart, thoughtful steps to maximize their resources for the future.”

The new section includes columns from journalists, including Robert Powell’s ‘Retirement Portfolio’ and Andrea Coombes’ ‘Working Retirement;’ an expanded Encore blog, highlighting news and information for retirement savers and retirees; columns from RetireMentors, financial professionals with perspectives on best ways to navigate retirement; and how-to guides on investing, health-care, managing 401(k)s and credit.

Marketwatch

Marketwatch.com experiencing technical difficulties

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The Dow Jones & Co. financial news site Marketwatch.com went dark last night and is now back up and running, but experiencing some technical difficulties.

Krim named acting editor of Marketwatch.com

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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.

Marketwatch.com editor Callaway says goodbye

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David Callaway, the editor in chief of Marketwatch.com who is leaving to become the editor of USA Today, writes about the people he has worked with at the financial news site in his goodbye column.

Callaway writes, “Through it all, the MarketWatch team around the world worked urgently to file headlines, break news, supply data and charts, provide instant and long-form analysis, and generate some of the best commentary out there from our stable of columnists. At the same time the very real men and women behind the coverage for all our readers lived their daily lives together. They helped each other through sicknesses and deaths of fathers and mothers, siblings and friends. They lived the excitement of news assignments around the world and built their careers. They found love, and married — sometimes to each other — “and had beautiful children who transformed their lives.

“There was Julie Rannazzisi, our original bond reporter and later New York bureau chief, who tragically passed away in 2004 from cancer at the age of 35. There was Marshall Loeb, the father of modern business journalism and a MarketWatch columnist, who still writes for us at age 83, and who until just a few years ago appeared in print on the web, on TV and on radio every single day. And there is everybody in between who has dedicated their time, their effort and their careers to making MarketWatch the greatest financial news organization the Internet age has ever known.

“Those are the things I’m most proud of. That I’ve been able to make MarketWatch a secure, challenging and exciting part of their careers and lives. And at the same time, been able to share their hopes and dreams, and successes and hardships.”

Read more here.

Dow Jones union: Layoffs are happening, end free labor

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Steven Yount, the president of the union that represents business journalists working at Dow Jones & Co. properties, sent out the following email to the news staff on Wednesday:

Since the first of the year, Dow Jones has laid off 62 of your co-workers (31 of them in the last week of June) and once again senior manaement is telling you “we simply have to do more with less.” That means they get more and you get less.

The company is counting, as always, on your willingness to work for free: stay late or work weekends and never charge the company.

Those days of free labor have to end.

Not everyone is eligible for overtime (most reporters aren’t eligible for overtime, but all are eligible for, at least, comp time) and everyone is eligible for holiday pay and a premium for working on a scheduled day off.

From now on, you have to file for every dime the contract says that the company owes you.

We have to clearly demonstrate that we’re tired of “Doing More With Less” and that there’s No More Free Labor from Dow Jones employees. I promise you that IAPE will aggressively pursue each and every claim.

If you have any problems or questions, let me know or reach out directly to union organizer Tim Martell.

Marketwatch.com editor Callaway named editor of USA Today

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David Callaway, the editor in chief of financial news site Marketwatch.com, has been named editor of USA Today.

Marketwatch.com founder Larry Kramer was named the paper’s publisher earlier this year.

A story on the USA Today site states, “‘Callaway will start the new job later this month.

“”David is a distinguished journalist with a deep understanding of digital news and we are thrilled to have him join the USA TODAY team,’ Kramer said. ‘He has successfully run a newsroom that produced regular television, radio, digital and mobile news products. Here, he will also lead a multi-platform newsroom that will provide our readers with the outstanding content they have come to expect from us.’

“Callaway, 48, has been editor in chief at MarketWatch, and its predecessor CBS MarketWatch since 2003. He was executive editor and managing editor starting in 1999. Callaway managed the day-to-day coverage for a world-wide news gathering operation with 11 bureaus across the globe. Before that, he was a securities industry reporter at Bloomberg where he led a team of financial reporters throughout Europe covering the banking, investment banking and asset management business.

“Earlier, he was a columnist at the Boston Herald, where he co-wrote a daily financial column on comings and goings in the Boston business district.”

Read more here. Talking Biz News interviewed Callaway back in August 2010.

Marketwatch is part of Dow Jones. Dow Jones editor in chief Robert Thomson sent out the following message:

The wonderful David Callaway is leaving our shores to become Editor-in-Chief of USA Today. We all owe much to Dave, who, through MarketWatch, has created a remarkable monument to modern journalism. We will be raising a glass to him next week to celebrate his enduring contribution to Dow Jones and we wish him all the very best in the collective quest for content to be fairly valued. In his absence, Raju will be overseeing MarketWatch and it will be onward, upward and outward.

Weidner on biz media and covering Wall Street

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David Weidner, a Marketwatch.com Wall Street columnist and leaving New York for San Francisco, where he will begin writing a new column in a few weeks focusing on another aspect of finance.

In his column, he offers advice and commentary for business journalists covering Wall Street:

Timing is everything: Market journalism should be written in two ways. The first would give you the trader’s perspective. The second would be for the long-term, buy-and-hold investor. Too often, we’re caught up in the daily fluctuations in our portfolios. What really matters is what the investments are worth when we need them.

Too cozy for comfort: It’s less of a problem since the financial crisis, but the business media are still too cozy with the powerful on Wall Street to do their jobs correctly. The media still fawned over Wall Street stars such as Jamie Dimon at J.P. Morgan Chase & Co. ; Eliot Spitzer, former New York governor and attorney general, and Jimmy Cayne of Bear Stearns. Why? They all dished tips or dirt on their rivals. Access journalism still dominates the landscape, and you — the reader — suffer for it.

Best of the rest: Consistently the best reporters and commentators on Wall Street outside of the Dow Jones empire, which includes MarketWatch and The Wall Street Journal: Josh Brown of the Reformed Broker, Mark Gongloff at the Huffington Post, Barry Ritholtz of the Big Picture, John Gapper and Martin Wolf at the Financial Times.

Read more here.

Biz media more favorable toward Facebook than Google

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Howard Gold writes Friday on Marketwatch.com that the business media has written more favorably about Facebook during its initial public offering than it did when Google went public.

Gold writes, “And after reviewing many articles, I was surprised to find the tone fairly positive. Sure, writers have raised questions about Facebook’s valuation, its ability to grow revenues and its capacity to compete in mobile computing, among other things.

“But almost every piece I read acknowledged the company’s huge success and its dominant position in social networks. And the coverage of Facebook’s founder and CEO Mark Zuckerberg has been overwhelmingly favorable, if not fawning, with only a couple of snickers about his wearing a hoodie to the company’s New York IPO road show meeting.

“Why was I so surprised? Because I also read dozens of articles about the last great Internet IPO, that of Googlein August 2004. And the contrast couldn’t have been more striking.

“The financial media’s take on Google’s IPO was unremittingly negative. I estimate 98% of the articles trashed the company, the whole unconventional Dutch auction IPO process, even its co-founders Sergey Brin and Larry Page. Writers were openly contemptuous of Google’s prospects and warned investors explicitly not to buy.”

Read more here.