Tag Archives: New York Times

How Consumer Reports took on Apple

by

David Carr of the New York Times writes Monday about how Consumer Reports takedown of the new iPhone forced Apple CEO Steve Jobs to react when other business media failed.

Carr writes, “How did Consumer Reports make Apple blink? In large measure, the article in Consumer Reports was devastating precisely because the magazine (and its Web site) are not part of the hotheaded digital press. Although Gizmodo and other techie blogs had reached the same conclusions earlier, Consumer Reports made a noise that was heard beyond the Valley because it has a widely respected protocol of testing and old-world credibility. Mr. Jobs acknowledged as much, saying, ‘We were stunned and upset and embarrassed by the Consumer Reports stuff, and the reason we didn’t say more is because we didn’t know enough.’

“The organization — Consumer Reports is owned by the nonprofit Consumers Union — sells its subscribers dutiful research rather than pithy discourse, and it often goes unnoticed unless you are in the market for a new car or toaster. This time, its tests became an inflection point. (One that many tech reporters say Consumer Reports promoted endlessly, but who can blame them?)

“‘In my five years here, we have never done anything that has gone so viral, so fast,’ said Kevin McKean, editorial director of Consumer Reports. ‘That is not something that we made up or manufactured. It’s by no means a critical issue like some of the product safety conclusions we have reached over the years — no one has ever died from a dropped cellphone call — but it was obviously an issue that affected millions of consumers.’”

Read more here.

NYT names new ad/marketing reporter

by

Tanzina Vega has been named an advertising and marketing reporter at the New York Times business desk.  She replaces Stephanie Clifford, who now covers retail.

Vega has been working at the Times as the web producer for Your Money and a contributor to the Bucks personal finance blog. Before that, she lived in Barcelona, Spain, and was a translator and English teacher. She has also worked at United Business Media where she was a research editor and pioneered a weekly podcast.

Media editor Bruce Headlam wrote in an internal announcement; “Tanzina has worked a lot of desks at The Times and she always looked to do what it took to get a good story. So we’re delighted that Tanzina is joining the Media Desk for a six-month stint covering advertising and marketing. Tanzina will work with Stuart Elliott to cover a business that is in the midst of a massive transformation affecting television, radio, new media and, as we all know too well, newspapers.”

During graduate school, she held internships at WNYC Public Radio and Reuters television. Her multimedia work has been recognized by the National Press Photographers Association and has been featured by the New York Public Library and on “Brian Lehrer Live,” the public television show. A native of the Lower East Side, Vega has an undergraduate degree from the State University of New York at Stony Brook and a graduate degree from the City University of New York Graduate School of Journalism.

She’ll be focusing on digital coverage and trend pieces, and will be writing ad columns as well. She officially starts in August.

Bloomberg Businessweek hires NYT tech writer Stone

by

Brad Stone, a technology correspondent for the New York Times, has been hired by Bloomberg Businessweek to cover the same topic and company coverage from the magazine’s San Francisco bureau. He will start Aug. 2.

“Brad is one of the top journalists in his field and brings a deep knowledge of the tech industry to Bloomberg Businessweek,” said Josh Tyrangiel, editor of Bloomberg Businessweek, in a statement.

Stone joined The Times in December 2006. He covers Internet trends and consumer technology from the newspaper’s San Francisco bureau. In addition, he contributes to the Times’ technology blog, Bits.

From 1998 to November 2006, Stone served as the Silicon Valley Correspondent for Newsweek magazine, writing for the technology and business sections of the magazine and authoring an online column, Plain Text, on evolving digital lifestyles.

Stone, a Cleveland native, is a Columbia University graduate. He is best known for breaking the story in 2007 that Forbes writer Dan Lyons was the writer of the “Fake Steve Jobs” blog.

The media biz reporter shuffle

by

A number of business journalists who cover the media business are changing jobs.

Devin Leonard, who has been writing for the New York Times recently, has been hired by Bloomberg Businessweek alongside Felix Gillette, who recently joined the magazine from the New York Observer. Leonard had also covered the music industry for Fortune. He started with the magazine on Monday and will be covering a variety of topics.

Leonard is a musician-turned-journalist who started his career covering jazz for obscure weeklies in Philadelphia in the ’80s. He has also worked for Wired and New York magazines.

In addition, The Wrap announced Monday that it hired longtime Newsweek media reporter Johnnie L. Roberts. He will start Aug. 1.

Roberts will be editor at large at The Wrap and will cover a broad range of entertainment news in the world of media, television and new media, weighing in with news stories, analysis and commentary, according to a release on the media site.

Having covered some of the biggest entertainment and media news stories over the past 20 years, Roberts was the recipient of the John Hancock Journalism award in 1990, was named one of the “100 Most Influential Business Journalists” by The Journalist and Financial Reporter newsletter in 1997, and received recognition from the Society of American Business Editors and Writers for his detailed account of the disastrous AOL-Time Warner merger.

These moves follow The Hollywood Reporter’s hiring of Kim Masters last month as editor at large. She had covered the entertainment business for The Daily Beast site.

Prior to joining The Daily Beast, Masters served as a contributing editor at Vanity Fair, covered politics for the Washington Post’s “Style” section and served as a contributing editor at Time. Her work has also appeared in The Los Angeles Times and The New York Times.

Also, earlier this year Tom Lowry was hired by Variety. He had been with BusinessWeek.

Puff PR — about the NYT biz section — that any biz editor would hate

by

Hal Morris, writing on his GrumpyEditor.com blog, doesn’t like the soft press release that the New York Times distributed earlier this week about its business section.

Morris writes, “Just about every newspaper business editor, contends Grumpy Editor, would grumble when reading a news release with self-praising corporate puffery — including mentions of ‘rapidly establishing itself,’ ‘preeminent sources…of news,’ ‘scoops,’ ‘highly regarded names’ and ‘must-read blogs and columns’ — all in the lead of the material distributed by Business Wire.

“The organization being touted: The New York Times.

“Here’s the unedited intro of what the N.Y. Times public relations people produced:

“‘The New York Times business section, Business Day, is rapidly establishing itself as one of the preeminent sources of business, corporate and financial news and information as evidenced by recent scoops and many coveted industry awards, including the Pulitzer Prize and Loeb Awards. Additionally, recent investments in the business section have translated into many must-read blogs and columns authored by many of the most important and highly regarded names in business journalism.’”

Read more here.

NYT starts new app blog Thursday

by

The New York Times‘ business section is launching a new blog called AppSmart focused on applications.

In addition, it has revamped its health care business blog Prescripions.

AppSmart, written by Bob Tedeschi, will debut Thursday, July 8, in the paper’s Personal Tech pages and online, with a focus on the ever-expanding universe of downloadable apps for smartphones. Each week’s column will review a category of apps ranging from restaurant locators or word processors to surfing or bird watching. It will replace Tedeschi’s weekly PhoneSmart column.

With the passage of the health care bill, the Prescriptions blog has broadened its territory to follow the business of health care. With this new focus, readers can expect a range of topics, from the implementation of the health care law and its impact on various sectors of the health care industry to essays on developments in the insurance and pharmaceuticals industries, and reader Q-and-A posts on issues of the day.

Read more here.

Economist cover brushes out others standing with Obama

by

Jeremy Peters of the New York Times notes Monday that the June 19 cover of The Economist showing President Barack Obama standing alone at the Gulf oil disaster had been changed.

Peters writes, “?The problem was, he was not actually alone. The photograph was just edited to make it look that way.

“The unaltered image, shot on May 28 by a Reuters photographer, Larry Downing, shows Adm. Thad W. Allen of the Coast Guard and Charlotte Randolph, a local parish president, standing alongside the president. But in the image that appeared on The Economist’s cover, Admiral Allen and Ms. Randolph had been scrubbed out, replaced by the blue water of the Gulf of Mexico.

“When it comes to its own photographers, Reuters has stringent standards regarding photo editing. ‘Reuters has a strict policy against modifying, removing, adding to or altering any of its photographs without first obtaining the permission of Reuters and, where necessary, the third parties referred to,’ Thomson Reuters said in a statement on Sunday.

“Editors from The Economist had no comment when asked on Friday about the cover image.”

Journalism has the right to be wrong

by

The New York Times has an editorial in Sunday’s newspaper about the failure of the U.S. Supreme Court to hear a First Amendment case with business journalism implications.

The Times editorial states, “Unfortunately, the court missed an opportunity to uphold that principle when it refused to take an important First Amendment case last week.

“In the case, the publisher of a financial newsletter promised a hot stock tip, based on inside information, to people willing to pay $1,000. About 1,200 people agreed to pay, but the tip did not pan out, and the stock failed to soar. The Securities and Exchange Commission sued the publisher for securities fraud, and the lower courts agreed that the publisher, Frank Porter Stansberry and his company, Agora Inc., should be penalized.

“It was the first time the S.E.C. had gone after a publisher who did not have a stake in the stock in question. Normally, the laws against securities fraud are designed to prevent insider trading or manipulation by people who stand to profit through ownership of a stock.

“Mr. Stansberry’s actions might seem unorthodox or even unethical by the standards of most reputable publishers, but that does not make them illegal. The implications of the S.E.C.’s action are potentially profound: newspapers or Web sites promising their paying readers stock information that later turns out to be untrue suddenly leave themselves open to fraud charges. Any financial commentator who passes on bad information in good faith could be sued.”

Read more here.

New ME named for NYT DealBook blog

by

TALKING BIZ NEWS EXCLUSIVE

New York Times business editor Larry Ingrassia sent out the following announcement on Friday:

“We are delighted to announce that Jeff Cane, a stellar editor here for so many years, is returning to The Times and to Business Day in the new position of DealBook managing editor.

“Under the direction of Andrew Ross Sorkin, DealBook’s editor and creator, DealBook has become one of the top destinations on nytimes.com. As we continue to grow DealBook, Jeff will work closely with Andrew to make DealBook even more of a must-read, as well as with the rest of the DealBook team and Business Day online deputy Kevin McKenna.

“Jeff, as many of his friends and colleagues here can attest, comes with a wealth of skills and experience that make him an ideal choice for this job. His knowledge of business and finance is encyclopedic, and he helped mentor many young reporters in Bizday in years past. Moreover, he played a key role in DealBook in its early years. Indeed, as Bizday’s editor overseeing our finance, banking and markets coverage for several years, he helped Andrew expand DealBook from a daily e-mail into an all-day online news source in 2005.

“After beginning his career as a reporter and editor at The Record in Hackensack and as a copy editor at The Daily News, Jeff came to Bizday in 1993 to begin a 14-year stay. He started as a copy editor and also served as night editor and day assignment editor before directing our finance coverage.”

Cane had been at Portfolio and Reuters for the last couple of years.

Early Loeb winners: NYT’s Sorkin and Pogue

by

Andrew Ross Sorkin, who covers Wall Street and mergers and acquisitions for The New York Times, is the first winner Tuesday of a Loeb Award, considered the Pulitzer Prizes of business journalism.

Sorkin wins for his book, “Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — and Themselves” published by Penguin Group (USA) – Viking.

Another New York Times writer, David Pogue, won in the online commentary and blogging category for his coverage of the tech industry.

The winner in the television breaking news category is Scott Cohn, Mary Thompson, Courtney Ford, Wally Griffith and Molly Mazilu for “The Madoff Scandal” on CNBC.

The winner in the news services category is Greg Gordon, Kevin G. Hall, and Chris Adams for “Goldman, Moody’s and the Collapse of the American Economy” from McClatchy Newspapers.

The winner in the personal finance category is the St. Louis Post-Dispatch’s Matthew Hathaway, Elizabethe Holland and Jim Gallagher for “From Prison to the Pinnacle.”

UPDATE: The winner in the small and medium newspapers category is Michael Sallah, Rob Barry and Lucy Komisar for “Keys to the Kingdom: How State Regulators Enabled a $7 Billion Ponzi Scheme” in The Miami Herald.