Tag Archives: New York Times

Rachel Abrams

NYTimes hires Abrams to cover Wall Street

by

The New York Times has hired Variety financial news editor Rachel Abrams to cover Wall Street, according to a report by Sara Morrison at The Wrap.

Morrison writes, “Rachel Abrams is leaving her position as Variety’s financial news editor for the New York Times, Penske Media confirmed on Friday.

“‘Everyone at Variety has loved working with Rachel and, though it was just three years ago that Rachel entered Variety’s intern program, we will miss her and wish Rachel much success at The New York Times,’ said PMC Director of Corporate Communications Lauren Gullion.

“NYT did not immediately respond to requests for comment. Abrams, who declined to comment, will cover Wall Street for the paper.”

Read more here.

Breaking Bad

NYT’s fictional Sorkin column mentioned in “Breaking Bad”

by

New York Times business columnist Andrew Ross Sorkin has penned a short, fictional column that goes along with the story line in the television show “Breaking Bad.”

He was mentioned in Sunday night’s episode as having written the column.’

Here is an excerpt:

Last week, the founders of Gray Matter Technologies gave a $28 million grant to create a drug abuse treatment center throughout the Southwest. The family, which is said to be worth more than $1 billion — Gray Matter’s market value is $2.16 billion — was heralded by advocates of drug control and treatment throughout the country. In Washington, the White House’s Office of National Drug Control Policy said in a statement that the Schwartzes are among “the next generation of great American philanthropists tackling one of the biggest epidemics confronting our country: illicit drugs.”

Maybe it is cynical to suggest, but the timing and backstory of the grant is raising red flags among some investors on Wall Street and prompting some to ask: Is the donation a publicity stunt meant to mask troubling news about the company?

Little known except to a small cadre of industry insiders, the Schwartzes have been scrambling in recent weeks to keep a long-running secret from being revealed. Gray Matter’s stock has sunk over the last week as speculation has mounted that the company could be tied to a drug kingpin in Albuquerque who has made national headlines: Walter White, the former chemistry teacher turned international methamphetamine dealer known as “Heisenberg.”

According to people close to the company, Mr. White was a co-founder of Gray Matter and was a former college sweetheart of Mrs. Schwartz. The company’s name – Gray Matter – was a mix of the Schwartz name, which is German for “black” and Mr. White’s name, hence “gray.”

Read more here.

Sorkin

“Breaking Bad” shout out for NYT’s Andrew Ross Sorkin

by

In Sunday night’s episode of AMC’s “Breaking Bad,” Charlie Rose, portraying himself, cites a fictional column by Andrew Ross Sorkin of the New York Times business section about a $28 million charitable donation that is made after news linking a drug company’s founders to a meth dealer.

“Mr. Rose, interviewing the characters of Elliott and Gretchen Schwartz about their $28 million grant for drug and treatment centers throughout the Southwest, said, ‘Andrew Ross Sorkin of The New York Times wrote a column suggesting that the grant was a kind of publicity maneuver to shore up the stock price of Gray Matter Technologies because of your association with Walter White.’”

Watch here:

new-york-times-logo

NYTimes biz desk names new weekend editor

by

New York Times business editor Dean Murphy sent out the following announcement:

 

 

You perhaps know Connor Ennis as The Times guy who is all-things-football. And as an editor of the college sports blog, The Quad, he occasionally fielded reader questions about celebrities like Tim Tebow.

Oh, and Robert Frost.

Reader: In my mind, this is a Robert Frost-like crossroads for the Wisconsin football program.

Connor: I suppose the Frost scholars/Badgers fans out there would say the team will take the road less traveled by and that will make all the difference.

A football editor who is conversant in literature. Only at The Times. And soon, only at BizDay. Connor Ennis will be taking a road less traveled of his own, joining BizDay as our weekend editor after seven years on the Sports desk.

Sports editor Jason Stallman describes Connor as an editor “with vision beyond the field,” and someone whom reporters are drawn to. He is creative, thinks ambitiously and is good at print and the Web. And rumor has it that he has learned a trick or two from Bob Goetz, who also came to BizDay as weekend editor after earning his stripes on Sports.

“BizDay is stealing one of the great minds of the Sports desk, someone who’s just as comfortable riffing on Edward Albee and Raymond Chandler as he is Ed Reed and Raymond Felton,” Jason says. “Connor’s intellectual interests are many, and that clearly made him a wise editor.”

As he preps for his new duties, Connor says he is looking forward to expanding his literary musings to include the titans of Wall Street and their many chroniclers (here’s one place to build his finance library, courtesy of Andrew Ross Sorkin: http://dealbook.nytimes.com/2013/07/01/wall-street-must-reads-for-everyone/).

Connor takes up the weekend job at an important and exciting time, just as we integrate the INYT more fully into our daily report, and as we reimagine the Monday report. Connor will learn the ropes from Patrick Scott — who is leaving the weekend job to become the morning news editor in London — and will then take primary responsibility beginning later this month for making our weekend report enticing, engaging and surprising both digitally and in print.

Before coming to The Times, Connor worked for The Associated Press in Buffalo, Albany and New York, where he was a supervising editor on the national sports desk. He covered the 2006 Winter Olympics in Turin, Italy, and the 2006 World Cup in Germany. He was hired at The Times on the Sports copy desk, and was moved to the backfield by then-Sports editor Joe Sexton, who in announcing his promotion described Connor as having “an active, agile mind,” a “knack for ideas” and a “capacity for organization.”

And let’s not forget about fun.

Reader: I enjoy reading sports in The Times, but it seems like the bloggers at places like Deadspin and KissingSuzyKolber are having a lot more fun. Do you ever wish you could write like college jocks talk?

Connor: Whoa, whoa, whoa. Who says we’re not having fun?

Patrick_Scott

NYTimes moving some biz editors to London

by

New York Times business editor Dean Murphy sent out the following announcement to the staff:

With the main business desk for the International New York Times moving soon from Paris to London, we will roll out a news operation in London intended to drive business coverage in Europe while coordinating closely with editors in New York.

Essential to that operation will be a facile morning news editor who will identify important events early in the day, launch reporters and make sure the latest and most complete reports are posted on the Web. We are pleased to announce that Patrick Scott will be that editor.

As a deputy European business editor, Patrick will work directly with Tim Race, the European business editor, who will also be moving to London.

For the past several months, Patrick has been BizDay’s weekend editor after a two-year stint as Finance editor. His experience with BizDay makes him well suited to help with the integration of our European business report, and move us closer to a round-the-clock digital operation.

Just as Vicki Shannon kicks off our daily report each morning in New York, Patrick will be the early riser in London. Later in the day, he will hand off the main digital news operation to Vicki and Adrienne Carter, and turn his attention to the print edition of the International New York Times, helping to backfield the daily report, from news to enterprise.

Patrick came to The Times in 2011 after 20 years at the Charlotte Observer. He and his wife, Susan, who taught this past year at a school in the Bronx, will be moving to London in September.

Loren Feldman, small business editor

NYTimes small biz editor not a fan of list stories

by

Andy Crestodina of Copyblogger.com interviewed New York Times small business editor Loren Feldman about his story style preferences.

Here is an excerpt:

Loren, you prefer not to write list articles. Why is that?

I think list articles tend to be overdone and to have limited credibility. I’m not sure it’s convincing to just say, “here are the five things you need to do to improve your SEO.” I think it’s much more valuable to take more of a case study approach — which allows you to see more of the person’s thinking, what works and what doesn’t. I’ve found that things rarely go perfectly on the first shot — but maybe that’s just me.

Are those the only two kinds of articles? Stories and lists?

No, there are other options — including conversations and Q&As. But I think it’s more the principle. Regardless of the format, I like to approach it a little bit as if it were a case study: here’s the problem, here’s what we tried, here’s what worked and what didn’t.

Why do you think list headlines are so popular?

We’re all looking for answers. It’s very tempting to click. I do it myself. (But I’m not always glad I did.)

I understand that journalists are under pressure to drive traffic to their content. Is this affecting the quality of reporting?

There have always been commercial pressures in journalism, and I suspect there always will be. It’s not always a bad thing to pay attention to what consumers of journalism actually want. But it’s nice to know there are still a few places that will put resources into important stories without worrying too much about the traffic.

Read more here.

heather-timmons

Timmons joins Quartz in Hong Kong

by

Heather Timmons has joined Quartz as Asia correspondent, based in Hong Kong, it was announced Thursday by editor-in-chief Kevin J. Delaney.

Her appointment is effective July 15.

Timmons joins Quartz from The New York Times where she was based in London and New Delhi, and covered mergers and acquisitions, high-flying bankers, the private equity boom, and terrorism, as well as writing for Travel and Styles.

In 2011 she co-founded and ran “India Ink,” the paper’s first-ever country specific news journal, which provided more in-depth news and analysis of the world’s largest democracy, and of India’s global diaspora. “India Ink” grew to a monthly audience of close to one million unique visitors online and substantially expanded the paper’s readership in India.

Previously, she was the banking editor at BusinessWeek, where she covered the perils of the big bank business model and the danger of banks’ expansion into risky lending, corruption on Wall Street, and a post-9/11 New York. Timmons began writing about banking and finance as a reporter with the Daily Deal and the American Banker.

“Heather’s a world-class, entrepreneurial journalist with experience covering business and finance from Europe, Asia, and the U.S.,” said Delaney in a statement. “With her arrival, Quartz is continuing to invest in the high-quality, unique content that millions of people are reading each month and sharing with their friends and colleagues.”

Workplace

NYTimes to start workplace column

by

The New York Times Sunday business section will add a column on workplace issues next month.

The column will be written by Rob Walker, who has written about technology, business and culture for a variety of publications, such as The New York Times Magazine, The Atlantic, The New Republic, Fast Company and Wired, as well as the public radio program Marketplace.

“The Sunday Business section is already known as the place for the Haggler, our witty, effective consumer help column by David Segal,” Sunday business editor Vera Titunik about the new column. “Rob Walker will bring a similar spirit of smart, common sense thinking to workplace advice.”

From 2004 to 2011, Walker wrote the Consumed column for The New York Times Magazine, addressing consumer culture, design and marketing. He currently writes a tech column for Yahoo News as a contract writer.

In a short item online, the paper states, “Whether you’re wrestling with a career issue, trying to finesse delicate office politics, or are just flummoxed by one of the countless workaday irritations of life on the job, send your questions to workologist@nytimes.com.

“You can request that your name be withheld for publication, but we may need to reach you for clarification, so please include your name and daytime contact information.”

Read more here.

YouretheBoss

NYT public editor examines “You’re the Boss” blogger ethics

by

Margaret Sullivan, the public editor of the New York Times, looked into allegations by a public relations professional that a blogger for the paper’s “You’re the Boss” blog was asking to be reimbursed for coverage of companies.

She interviewed the paper’s small business editor, Loren Feldman.

Sullivan writes, “Mr. Feldman, who came to The Times from Inc. magazine and has run the blog for four years, understands the difficulties of asking business people who are not professional journalists to be his writing staff.

“‘The challenges are real, they’re significant and I lose sleep over them,’ he told me. But he believes that the blog’s content offers something to small business owners that they can’t get elsewhere: the expertise of more experienced small businesspeople, and the willingness to join discussions and share their stories. The blog’s 232,000 Twitter followers (@NYTsmallbiz) suggest that many find it valuable. Mr. Feldman told me that he makes it clear to his writers that they must avoid conflicts of interest.

“The blog ‘sometimes takes us into gray areas,’ he said, ‘but this wasn’t one of them.’

“In the end, I don’t believe that Mr. Oxford demanded payment for a write-up in the Times blog. In fact, there is evidence to the contrary.

“In the very e-mails quoted in Gawker, Mr. Oxford wrote: ‘I would like to be very clear that this trip is for my own understanding and I am not representing NYT this time.’ That’s clear enough. But then, muddying the waters, he added, ‘If I see a worthy story, I will engage in that capacity.’

“Given Mr. Zitron’s behavior and Mr. Oxford’s lack of clarity, the situation was troubled from the start. Let’s err on the side of mercy and call it a misunderstanding.”

Read more here.

Amy Chozick 2

NYTimes media reporter moving to politics

by

New York Times political editor Carolyn Ryan sent out the following announcement on Tuesday:

I’m delighted to announce that Amy Chozick will be joining our political team, with a special focus reporting on Hillary Clinton and the Clinton family.

Amy is an unusually gifted reporter, with a unique ability to penetrate tight-lipped institutions and deliver dazzling and detailed stories from within. She is relentless and not easily intimidated: her coverage of News Corporation prompted Rupert Murdoch to personally debate the lede in one story. (“Rupert Murdoch was getting cold feet.”).

Amy joined The New York Times to cover corporate media in 2011 and has chronicled major developments and corner office intrigue among the industry’s powerbrokers. Her sophisticated coverage of stories such as terminal snooping at Bloomberg LP and phone hacking at News Corporation has won her praise inside and outside of the Times.

She has terrific range and broad curiosity: she wrote front-page stories about the Koch Brothers eyeing newspapers, the Assad family hiring Western P.R. firms to bolster its image abroad, and the hacking collective Anonymous targeting media executives.

In addition to media stories, Amy got the first extensive interview with Chelsea Clinton and traveled to Africa with Bill Clinton to write the front-page curtain raiser to Mr. Clinton’s speech at the Democratic National Convention.

Prior to joining The Times, Amy spent eight years at The Wall Street Journal, where her posts included foreign correspondent based in Tokyo, national political correspondent and a features writer covering the entertainment industry. As a member of Barack Obama and Hillary Clinton’s traveling press corps she rode on oddly aromatic campaign buses in 48 states and covered more than 20 debates. (“You’re likable enough, Hillary”).

She then wrote features about politics, including a WSJ. Magazine profile of White House Social Secretary Desiree Rogers.

A native of San Antonio, Texas, Amy began her journalism career when she moved to New York with no job, no apartment and a stack of clips from The Daily Texan. She lives in the East Village with her husband, Robert Ennis.