Tag Archives: Redesigns
The Columbian, the daily newspaper in Vancouver, Wash., is changing its stock listings later this month, according to Julia Anderson, the paper’s business editor.
Anderson wrote, “Beginning Tuesday, Feb. 20, we’re adding a list of bond offerings and rates. We’re adding a rotating package of stock performance graphics profiling widely held companies. You also will find a package of forward-looking business news briefs and an expanded list of Treasury bill interest rates and U.S. prime rate and Fed Funds rates. Our Nasdaq stocks list will grow to 2,080, while our New York Stock Exchange list holds at 2,000.
“Here’s what’s changing. Mutual fund listings will appear Sundays only. That’s because mutual fund share prices don’t change much day to day. So once a week on Sunday seems appropriate. A short list of 200 stocks on the American Stock Exchange is being dropped to make room for more general business news.
“Our foreign currency exchange rate package will double in size. A list of commodities and prices will be expanded.
“All of this will arrive in an easy-to-read format from our friends at the Associated Press.”
Read more here.
Florida Times-Union reader advocate Wayne Ezell compares the paper’s decision to cut its stock listings in favor of sending readers to its web site for stock price information to changes that Paul Julius Reuter made in building his wire service in the 19th and 20th centuries.
Ezell wrote, “The pigeons delivered the goods in two hours, beating the railroad by six hours. Reuter eventually moved to the telegraph and other evolving technologies, and today Reuters gives its clients access to real-time data on 5.5 million financial records from 258 stock exchanges and markets.
“‘Market prices, news and data are updated as much as 8,000 times a second and distributed instantaneously,’ according to Reuters.
“Times do change.
“For the same reasons Reuter eventually moved away from pigeons to deliver his market reports, newspapers are moving away from print to provide essential data about financial markets.
“And just as Reuters expanded its offerings, so also have newspapers – in print and online.
“Most newspaper editors have known for some time that their partial listings of stocks and mutual funds – usually in tiny type – lost their usefulness years ago for the vast majority of investors.
“But even though most investors have migrated to the Internet, many others, especially older ones, continue to rely on newspaper listings. For that reason, newspapers have been amazingly slow to abandon financial tables.
“Even so, a very different ‘Money & Markets’ report will appear daily in the Times-Union beginning Tuesday. Editors have worked with The Associated Press to select a lineup of features that they believe will be more useful for readers, including more detail about stocks of local interest.”
Read more here.
The Fort Myers News-Press, which last month cut its stock listings, is now bringing back some of that data after receiving complaints from about 500 readers, wrote Kate Marymont, the paper’s executive editor.
Marymont said, “In todayâ€™s Business section you will find a more complete review of the week.
“For Sunday editions we have added more than two pages of material, expanding mutual fund and stock market listings. There also is additional space for analysis of market changes, columns and stories.
“The Sunday stock and mutual fund report grows from two pages to four pages.
“For daily editions, we have changed how we use the reduced space.
“Many readers said they need information about dividends, so we have restored that information.
“We had thought that combining exchanges would let us fit in more listings, but the combined listing was unpopular with readers. We have reverted to separate listings.
“Finally, we have added about 1,500 stock listings that readers requested. That leaves room for about 800 most-active listings each day.”
Read more here. The Fort Myers paper is not the first to return some of its stock listings after cutting them. The Washington Post has added back some of its stock listings twice due to reader complaints.
The Sacramento Bee published a number of letters on Sunday from readers upset that the paper cut its stock listings last week. One of the best begins, “I think your new business section sucks!”
Here is the beginning of another: “It was with great dismay that I read today of the changes and deletions to the stock tables. This may come as a surprise to Bee Executive Editor Rick Rodriguez and to Bee Business Editor Cathie Anderson, but not everyone — nor, as I understand it — do even the majority of your readers rush to their computer daily to check their stock data.
“However, I do read my paper daily and the business section of The Sacramento Bee has always been head and shoulders better than a number of other papers I’ve read. While I do use my computer and consider myself to be more than somewhat computer literate, I do not spend my days or nights online.
“What thought are you giving to those of your readers who either have no computer or those who prefer not to have one more thing to chase down online? I am getting very weary of being told by TV or other sources to ‘go online to … ,’ as if everyone today has a computer or has the time to devote to online activity.”
Read more here. I am assuming that the published letters are a representative sample of what the paper has received in the past week.
Read the public editor’s column about the changes here. The paper made the change after printing the wrong stock information one day before Christmas and only received seven complaints.
The Myrtle Beach Sun News becomes the latest paper to cut its stock listings, according to a short item in Saturday’s paper.
The papers that have announced that they’re cutting the stock listings in the printed paper since the beginning of the year include the Florida Times-Union, Sacramento Bee, Monterey Herald, Fort Myers News-Press, Fredericksburg Free Lance-Star, Des Moines Register, Naples Daily News and Birmingham News.
The Myrtle Beach paper stated, “Beginning in March, The Sun News will add more useful financial coverage to its business section, including forecasts, stock profiles and helpful financial advice. The stories will help readers make important decisions about their money, provide financial insight and shine a light on economic trends that will affect saving and investing.
“The money section will also add a special service allowing readers to make sure that their stocks and mutual funds appear on the stock pages.
“In order to do that, we have to trim some of the overall listings, but you will get more personalized service. We will trim the stocks you don’t watch.”
Read more here.
The Florida Times-Union, the daily newspaper in Jacksonville, Fla., joins the long list of metro newspapers cutting its stock listings. The changes take effect next Tuesday.
Assistant business editor Paul Mattson wrote, “The stocks and mutual funds listings report on weekdays will be redesigned to make room for a new investing report. You will receive information on trends in the marketplace, interest rates, commodities and foreign exchanges. There will also be breakdowns of companies in the news and what to expect of them in the market during the days ahead.
“In order to accommodate these changes, there will no longer be three full pages of stock and mutual fund listings. Instead, we will use those pages in a different way, emphasizing a more forward-looking, analytical approach to investing and personal finance. These changes will give you a more detailed and informed look at the markets.
“We will cut back on stock listings, going from more than 2,500 to about 1,200, based on trading volume. We will also eliminate the mutual fund listings, but we will still list about 38 funds that companies in the area offer in their 401(k) and retirement plans.
“These new pages will run Tuesday through Friday. The current stock listings will remain in your weekend paper. The Saturday Business section will still have the expanded Week in Review of stocks and the Sunday section will keep the current mutual fund reports.”
Read more here.
The Pensacola News Journal has made changes to its Money section that will begin appearing on Sunday, according to a short story in Friday’s paper.
Business editor Sara Rabb wrote, “Our new Business page aims to include more local business news — big and small — as we continue to cover the issues that affect jobs, real estate, and businesses in Escambia and Santa Rosa counties.
“Our new features include:
- “A weekly online poll on business or consumer issues. Poll topics will be announced in our Sunday Business section. A summary of results will be published on Wednesday’s Business page.
- “‘All About Us,’ a quick look at smaller local companies — what they do, how many they employ and how long they’ve been around. We’ll ask readers and area businesses to tell us which companies they’d like to know more about.
- “‘Heard on the Street,’ a periodic business notes feature that touches on topics and tidbits circulating in the business and development communities.”
Read more here.
Dan Barkin, the deputy managing editor of The News & Observer in Raleigh, noted on the Editor’s Blog that he spent a lof of time this past weekend talking to subscribers who were upset that the paper cut its Saturday stock listings.
Barkin wrote, “I talked with a number of readers today who were unhappy about our decision to reduce the stock listings in the Saturday paper. When we reduced our stock tables last Spring, we kept a more comprehensive set of listings on Saturday. Our need to reduce costs forced us to make some difficult choices, and one of the choices was to tighten up our news space. That led us to the hard decision that we had to implement Saturday.
“Our rationale is the same: We’d rather preserve space for local news, including local business news, and stock quotes are readily accessible on the internet. But that doesn’t sit well with folks who either don’t have internet access, or who like the convenience of the newspaper. I just got off the phone with Charlie Sammons, a subscriber since 1971, who told me he tossed his watch and his computer in theÂ dumpster when he retired from the railroad.
“He was disappointed in our decision, as was Henry Schafranski, a retired Gannett pre-press manager who moved down to New Bern from New York. John Otto, a retired Westinghouse employee, let me know he had a ‘bone to pick with us.’
“Like I said, these are not pleasant decisions — we’ve aggravated a number of readers with our recent decision to trim some pages from Channels. I still think we put out a pretty good paper, and I’d rather that we focus our resources on what we can do best.”
Read more here. Barkin is the paper’s former business editor, and truly one of the nice guys in journalism. Like me, he gets all excited about reading a good SEC filing.
The Wilmington News Journal in Delaware has overhauled its Business Monday section with a number of new features, executive editor David Ledford noted.
Ledford wrote, “We gave the section a little more heft and returned it to a traditional broadsheet style to accommodate the new ideas on investing, savvy traveling and workplace issues that many of you have told us you wanted.
“In addition to the consumer-oriented pieces that grace the cover each Monday, we’ve added an analysis piece from the Wharton School of the University of Pennsylvania, considered one of the most innovative business schools in the world.
“The News Journal and www.delawareonline.com recently started publishing content from Knowledge@Wharton, the online journal that posts work by Wharton’s faculty, to bring readers sophisticated business analysis on markets around the world, many of which are relevant to Delaware’s economy. (In Sunday Business sections, you’ll find abstracts of Wharton’s legendary analyses, work you can read in full at www.delawareonline.com.) Inside Business Monday, you’ll also find today:
â€¢ A list of five important national events in the coming week that could affect the economy.
Richard Wray of the Guardian newspaper in London writes Thursday that The Wall Street Journal is exploring offering its website in a variety of foreign languages in a bid to increase overseas readers.
Wray, after an interview with WSJ publisher Gordon Crovitz, wrote, “But Mr Crovitz said there would be no retrenchment. Instead the battle for readers outside the US will increasingly take place online. ‘One question we are considering this year is, is there an opportunity in local markets in Europe and Asia to create locally oriented versions of the online journal,’ he told the Guardian. ‘I’m not saying that we wouldn’t publish in the print medium but, from a business point of view, the costs of starting something online are infinitesimal. New technology allows risk-taking and experimentation.’
“It also plays to the strengths of the Dow Jones empire, he believes. The newswire already has journalists supplying news in 11 languages, from French and Russian to Arabic and Japanese, and it would not need much investment to adapt news for the internet. It already has a non-English version of its website: WSJ.com launched a Chinese language site in 2002 that now has more than 273,000 registered users and clocks up almost 3 million page views a month.
“But unlike many news organisations who find that the transition from print to digital consists largely of turning newspaper reporters into digital journalists, the Journal’s next phase of online growth is part of a major re-focusing of the newspaper itself. This month the Wall Street Journal revamped its US edition. It reduced the physical size of the paper and instituted an 80/20 rule. In essence, according to Mr Crovitz, 80% of the newspaper should be new, in-depth or exclusive reporting. ‘People want to know what the news means beyond what happened the day before,’ he said.”
Read more here, including Crovitz expressing an interest in buying The Financial Times, should it ever be for sale.