Tag Archives: New York Times
by Chris Roush
Larry Ingrassia, who was the business editor at the New York Times until about a year ago, has been named a deputy managing editor at the paper, according to a story on the paper’s website.
Ravi Bomaiya writes, “Mr. Ingrassia, 61, joined The Times in 2004, after a 25-year-career at The Wall Street Journal, where he rose to assistant managing editor. He served as the business editor at The Times until last year, when he was promoted to the masthead with responsibility for initiatives. In his new role, Ms. Abramson said, he will be a newsroom liaison to the business side on digital products and other initiatives.”
Read more here.
Before joining the Times, Ingrassia was assistant managing editor overseeing global coverage of financial markets at The Wall Street Journal from December 2003. Prior to that he had been editor of the Money & Investing section of the Journal since 1999. He directed coverage that was a part of the Journals’ Pulitzer Prize-winning entry for explanatory journalism in 2003 for reporting on corporate scandals, and for its Pulitzer-winning entry for breaking news reporting in 2002 for Sept. 11.
Ingrassia also oversaw coverage that won three Polk awards and one Loeb award. Previously he had been the Journal’s special project editor, producing a 56-page millennium special report on ‘One Thousand Years of. People, Ideas, Work Leisure, Finance & Companies and Trade & Commerce.’ From 1993 until 1998, Ingrassia was the Journal’s London bureau chief, reporting on issues throughout Europe. He led the team of Wall Street Journal reporters who won the Overseas Press Club of America award for Best Business Reporting for coverage of the 1995 collapse of Barings Bank. From 1986 until 1993 he was the Journal’s Boston bureau chief.
by Chris Roush
New York Times executive editor Jill Abramson sent out the following staff changes on Monday:
Bruce Headlam, an editor steeped in New York Times journalism, with deep knowledge of multimedia has agreed to direct our ambitious plans to expand our video journalism as Managing Editor of Video.
Bruce, who has headed the media desk for the past five years, pioneered our coverage of new media from the time it was an afterthought for many newspapers to it becoming central to the future of the industry. He built a team of tech savvy reporters, including David Carr, who embraced new media as he covered it. Bruce encouraged innovative ways of covering things digitally as part of his group’s creative daily report while staying true to the core of Times journalism.
In his new role, Bruce will report directly to me and will be in charge of all the journalists in the video department. He will work closely with Rebecca Howard, General Manager of Video Production, who will report directly to Denise Warren, Executive Vice President, Digital Products and Services.
Since joining The Times earlier this year, Rebecca has assembled a talented team that has helped create a growing variety of engaging video content — from the recently launched New York Times Minute to the acclaimed Christine Quinn video to an array of video series including What’s In It and The Read Around.
With most of that team in place, and both the quality and quantity of news and enterprise videos having grown dramatically on nytimes.com and Times mobile apps, Rebecca has increasingly been focusing on building a business — expanding distribution of Times video and growing the awareness of our offerings among advertisers. The new structure will enable her to give full attention to this critical aspect of our video efforts, even as she continues to work with me, Dean and Bruce to develop content that appeals to Times readers.
The team reporting to Bruce will include Michael Rubens, director of video production, who has played a major role in expanding our video horizons since coming to The Times a few months ago, and Ann Derry, editorial director, video partnerships, who is leading our efforts to acquire quality content from around the web as well as looking for opportunities to work with other news organizations.
Peter Lattman will become our new Media Editor. With countless scoops, agile writing, dogged reporting, immense collegiality and a metabolism that makes him one of our most productive reporters, Peter has been at the heart of BizDay for the past 3½ years. When he arrived on DealBook from The Wall Street Journal, he immediately made us competitive on the escalating crackdown on insider trading by the government. He also has pulled back the curtain on the clubby world of big law firms, including the collapse of Dewey & LeBoeuf. He has brought alive the back stories of some of the biggest names on Wall Street, from Raj Rajaratnam to Steven Cohen. All the while, Peter has had immense fun in his story telling, from the first word to the last, leading fellow DealBooker Peter Eavis to declare Peter the “king of the kicker.”
I know Peter will bring those talents to his leadership role in Media.
These changes will take effect on Dec. 2.
by Chris Roush
P.J. Joshi, a news editor for the New York Times‘ Dealbook, wrote the following about business desk night editor Keith Leighty, who died Sunday from brain cancer:
Keith was promoted to night editor in August 2008, just as the financial crisis was about to hit in full force. His calm demeanor under pressure and ability to multitask were critical in the desk’s navigation of the many late nights (and long days) that came after the collapse of Lehman Brothers and the months of turmoil that followed.
“No matter how hectic the news was, no matter how harried his colleagues were and no matter how many times BizDay reporters pushed deadlines to, and beyond, the limits, Keith was unflappable,” recalls Larry Ingrassia, who as business editor promoted Keith to the job. “He would maybe raise an eyebrow as a sign that the story had to be filed NOW, not 30 seconds or one minute from now, but now. And it was. Editors like that don’t come along often.”
Keith joined The Times as a copy editor on BizDay in May 1999, and worked in various backfield posts, including editor of the World Business Page. He was an editor of DealBook when it was in its infancy.
A graduate of the University of Arizona, Keith previously worked as a reporter and editor at Reuters in Chicago and New York; as a reporter at The Associated Press in Chicago; at The Kingman Daily Miner in Kingman, Ariz.; and as the editor of The Mohave Valley Daily News in Bullhead City, Ariz.
In his spare time, Keith was eager to support the next generation of journalists. He was the professional adviser to The Washington Square News, the student newspaper at New York University. He was also a loyal New York Yankees fan and an umpire for various Little League teams in New York City.
by Chris Roush
Wolff writes, “Forbes had clearly used the Times to help create an illusion. In fact, illusion is what the Forbes business had largely become. Forbes was once the business magazine of the high-trouser country-club set, a rock of free marketeering and bible of mid-size company executives, worth several billion dollars. Then, along with other business magazines after the dotcom crash, it began slipping. And slipping.
“Forbes responded to this evident existential change in a different way than most of its peer group magazines, who went into a long period of denial. A single title that supported the multi-generational Forbes family, Forbes openly began to panic. In addition to selling off assets – including its Fabergé eggs, its yacht, and its real estate – the Forbes family, which had long run the magazine, seemed to throw up its hands and let anybody who was game have a whack at it.
“The first result, pioneered by Jim Spanfeller, was a web strategy, as aggressive as almost any from an established magazine. While its traffic methods became the focus of great skepticism and outright derision, at the same time it helped create the more or less dubious models that almost all traffic aggregators have used since.
“While the magazine’s core business tanked, its traffic spiked, making it became one of the few traditional print properties to successfully push the illusion of its own transformation. Elevation Partners, a Silicon Valley venture fund, less known for its technology investment prowess than for its relationship with Bono, bought into the Forbes transformation in 2006 and helped buttress its cash drain.”
Read more here.
by Chris Roush
Keigh Leighty, the night editor of The New York Times business section, died Sunday at the age of 61 from brain cancer.
An obituary on The Baron, a website for current and former Reuters employees, states, “He was diagnosed two years ago with brain cancer but continued to work regularly at his most recent employer, The New York Times, which he joined in 1999. He became night editor of the newspaper’s business desk.
“Leighty joined Reuters in Chicago in 1986 before moving to New York and becoming deputy editor-in-charge of the financial filing desk. He was promoted to editor-in-charge of the filing desk in 1993 and subsequently oversaw a merged editing desk with sub-editors for the Reuters Business Report.
“An avid baseball, golf and opera fan, Leighty was born in Peoria, Illinois, and attended the University of Arizona where he switched majors from engineering to journalism. He followed in the footsteps of his father, a former sports reporter and editor at the Peoria Journal Star. After college, Leighty worked at two newspapers in Arizona – the Mohave Valley News in Bullhead City in 1977 and then the Daily Miner in Kingman before joining the Associated Press in Chicago from 1979.”
Read more here.
by Chris Roush
Felix Salmon of Reuters writes about how the New York Times neglects its business news coverage when it tweets stories.
Salmon writes, “Give business stories a bit of promotion on the home page and on Twitter, in other words, and they’ll get you just as many pageviews as anything else, on average. But it turns out that the business section is systematically shortchanged by the people making those promotional decisions. Maybe (I’m not sure) because it has a higher concentration of wire stories.
“Again, this looks like strategic short-sightedness. Business-news pages are some of the most valuable on the website, in terms of the amount that the NYT ad-sales team can charge for them. (They’re so valuable, in fact, that the entire Dealbook section remains outside the NYT paywall, in an attempt to garner it as many pageviews as possible.) By promoting more business stories, even if they are (horrors!) wire stories, the NYT could make more money, and everybody wants that — including the readers, who have shown that they have more interest in such things than the NYT’s editors think that they do.
“What would be lost by such an approach? Very little: a few dining and metro stories might get viewed less often, if their promotional muscle started getting transferred to the business section. And maybe a few NYT egos might get a little bruised, if they discovered that their snowflakes weren’t quite as precious, to the outside world, as they liked to think, at least in comparison to the wire. But the website should be run for readers, not for journalists. And improbable as it might sound, it looks very much as though those readers would be best served if the NYT made it significantly easier to find wire stories, business stories, and — especially — business wire stories.”
Read more here.
by Chris Roush
New York Times business editor Dean Murphy wrote:
I’m pleased to announce that we have a dynamic reporting trio coming our way — Rachel Abrams of Variety, Danielle Ivory of Bloomberg and Elizabeth Harris, now Metro’s Appraisal writer.
Rachel Abrams, who has worked at Variety since 2010, is the newest member of the DealBook/Finance cluster. Though she has been spending most of this first week at The Times in new employee orientation sessions, she has also managed to squirrel away with Sue Craig for a crash course in the ways of Wall Street. It is certainly not all new terrain to her. In leading Variety’s entertainment financial coverage in Los Angeles, Rachel had dealings with the likes of Goldman Sachs, catching the attention of both journalists (our own Brooks Barnes and Andrew Ross Sorkin, among them) and industry insiders for a series of scoops and features that were must reads within the world of entertainment. Rachel also worked as a freelance contributor at Voice of America, attended NYU and after graduation was an intern for Israel National Radio on the West Bank. Her secret claim to fame? There are many, but here’s a couple. She was a guest on a Father’s Day episode of “This American Life,” and she has performed poetry readings at the Brooklyn Academy of Music, the Apollo and Columbia University.
Danielle Ivory, who has worked at Bloomberg News in Washington the past three years, will bring her expertise in mining government databases to a new BizDay beat — the business of the public sector. Danielle was the lead database reporter on stories for Bloomberg’s investigations team, including a project that revealed how tax-funded programs intended to help the needy also enriched wealthy entrepreneurs. Earlier, at the Huffington Post Investigative Fund (where she worked alongside our own Ben Protess), she contributed to a series on water contamination that was a finalist for an IRE award. Danielle grew up in Pullman, Wash., the self-professed lentil capital of the world, and earned degrees from Princeton and Oxford, where her master’s dissertation explored the history of car accidents in London and how the auto lobby promoted safety laws and driver-friendly technology. Her secret claim to fame? Danielle wrote, choreographed and performed a “jukebox jazz opera” and starred as the lead ballerina in a workshop production of the Trojan Women by Euripes. She starts this month.
Liz Harris, a reporter for Metro and the Appraisal columnist, describes herself as “a sample-sale queen.” Asked about her shopping routine, she advises, “Elbows out, ladies!” And why might that be important? Liz starts next week as our retailing reporter, just in time for the holiday rush (and, lucky for Liz, Black Friday crowds!). “My favorite shopping experience is any time I find an excellent scarf on sale,” Liz says. It’s good, of course, that Liz enjoys the retail hunt, but the real reason she is a terrific match for this job is that Liz is an outstanding beat reporter who engages readers with a broad range of stories. Her Appraisal columns have delved into the comical (garbage disposal as tools for selling real estate), the curious (the last brownstone mine), the trend-setting (organic dry cleaners as barometers of gentrification) and the consequential (tax breaks for multimillion dollar condos). “Every Monday for two years, live on the web, Liz Harris has surprised and intrigued readers in real estate-mad New York,” says Metro editor Wendell Jamieson. Ian Trontz, another of Liz’s fans on Metro, adds, “We will miss her voice in Metro and will be looking forward to hearing it in a new context.” Liz’s secret claim to fame? Aside from making the best stove-top popcorn around, she deployed one of the best career advancement strategies around. One of Liz’s first jobs at The Times was working as a substitute secretary for Gail Collins, but in just two months on the job, Liz recalls, she sent Gail to two early morning breakfast meetings that did not exist. Gail promptly hired her as a clerk, where she immediately shined doing journalism, and Liz was well on her way to the newsroom. Says Gail, “I’ve been so proud of her work on the news side.”
by Chris Roush
CNN is close to hiring New York Times media reporter Brian Stelter to host its “Reliable Sources” show, reports the Los Angeles Times.
Joe Flint writes, “Stelter, who has covered the television news and entertainment industry for the New York Times since 2007, would do the same for the cable news channel and is also expected to host the Sunday morning media magazine show ‘Reliable Sources,’ a position that has been vacant since Howard Kurtz left for Fox News earlier this year. Stelter has already guest-hosted the show a few times.
“A CNN spokeswoman declined to comment, and a New York Times spokeswoman couldn’t be reached for comment. However, two sources close to the situation, who were not authorized to speak publicly on the matter, confirmed the talks. An announcement of Stelter’s hiring could come as early as this week. Stelter couldn’t be reached for comment.
“Stelter first rose to prominence as a college student at Towson University in Maryland when he created the blog TVNewser, which covered the news beat. It soon became a must-read for industry insiders and was later featured in a story in the New York Times. After Stelter graduated he joined the Times. Earlier this year, he wrote the book ‘Top of the Morning’ about the intense competition between the network morning shows.”
Read more here.
by Chris Roush
New York Times business editor Dean Murphy sent out the following staff hire announcement on Tuesday:
Matt Goldstein, Wall Street investigations editor at Reuters, to join BizDay as a DealBook/Finance reporter
Matt is one of the most respected and experienced journalists on Wall Street, and he has been a formidable competitor during stints at Reuters, BusinessWeek, TheStreet.com and SmartMoney.com. For the past four years, Matt has been a player/coach at Reuters, coordinating coverage of Wall Street investigations and hedge funds while also writing about some of the financial world’s boldest face names – including Steven A. Cohen, Philip Falcone and Dan Loeb.
Matt, who has twice been a finalist for a Gerald Loeb Award in business journalism, has a nose for scams. He was one of the first reporter to raise serious questions about Stanford Financial, the financial firm that turned out to be giant Ponzi scheme. His feature “Suite Scams” exposed virtual offices as a breeding ground for financial fraud, including highlighting a New Jersey hedge fund manager who later pleaded guilty to fraud.
Matt was also a columnist at Reuters, winning a SABEW award for best business column; a senior writer at BusinessWeek; Wall Street editor at TheStreet.com, and a senior reporter at SmartMoney.com. After taking a break from journalism to get a law degree early in his career, he also worked for four years at the New York Law Journal.
Adrienne Carter, who was one of Matt’s editors at BusinessWeek, is among the BizDay staffers who know Matt well. Aside from vouching for his journalistic credentials, Adrienne says Matt makes a good fit for the “BizDay family.” After writing a magazine cover story about death bonds, for example, he and his colleagues created a life-size, cardboard cutout of the grim reaper. “Morty, as he was called, became a beloved member of the BusinessWeek finance team,” Adrienne recalls.
And his new job comes just in time for Halloween.
by Chris Roush
It’s true: After 13 years at the New York Times, I’ve accepted a new job.
Leaving The Times is a big deal. My years there coincided with the explosion of just about everything important in today’s tech — the Web, social media, e-books, smartphones, tablets, duck-faced selfies. It’s been an amazing ride.
It’s not easy leaving the Times, especially when you admire it as much as I do. No matter what happens to prose on paper, the Times itself, as a gatherer and curator of news, will always be necessary and important. The culture may be changing, and the readership may be shifting, but this paper steadfastly focuses on responsible journalism, irconclad ethics and superb writing. I’ll always be a loyal ally.
I learned so much, personally and professionally, from the four editors who guided me over the years,: Jim Gorman, Kevin McKenna, Damon Darlin and Suzanne Spector. And their bosses. And the Web and video producers who’ve encouraged me to infuse my sophomoric humor into everything I do. (Remember the Pogueomatic?)
But 13 years is a long time to stay in one place; we all thrive on new experiences. So I was intrigued when Yahoo invited me to help build a new consumer-tech site.
Actually, “site” doesn’t even cover it. I’ll be writing columns and blog posts each week, of course, and making my goofy videos. But my team and I have much bigger plans, too, for all kinds of online and real-world creations.
Here is the announcement from Times business editor Dean Murphy:
David Pogue, who has written reviews for the “State of the Art” column for 13 years, is leaving to help launch a consumer-tech site at Yahoo.
David picked up “State of the Art” duty from Peter H. Lewis in 2000, when the column appeared in the erstwhile stand-alone Circuits section. In 2006, the column moved to the BizDay section front. David has also been blogging for our technology page, and he has made regular video appearances.
David has been a valued member of our technology team, and his columns have been a delight to read. We thank him for a great run, and wish him well in his new adventure.