Tag Archives: SABEW
by Chris Roush
Society of American Business Editors and Writers members meeting at the annual spring conference from March 27 to March 29 will elect six members for the organization’s 22-person board of governors
The election will be contested by three incumbents and three newcomers. Three incumbents have chosen not to run for three-year terms.
Candidates include Glenn Hall, MarketWatch (incumbent); Mark Hamrick, Bankrate.com; Mary Jane Pardue, Missouri State University (incumbent); Jim Pensiero, The Wall Street Journal; Karey Van Hall, Reuters; and Allen Wastler, CNBC.com (incumbent)
Incumbents Beth Hunt of American City Business Journals, Mark Tatge of DePauw University and Dawn Wotapka of The Wall Street Journal will not run.
The election will be conducted at the spring conference at the Cronkite School at Arizona State University Downtown. All individual members present will be eligible to vote, along with a single representative from each SABEW’s 221 institutional members. SABEW conducted online elections for the board in 2011-13.
Kevin G. Hall, SABEW president, said that electronic voting did result in slightly more voter participation. “But it was more costly,” he said. “The change is part of our effort to hold down costs wherever we can.”
by Chris Roush
More than half of business editors surveyed find graduating journalism students unprepared to cover business news, according to research from a Missouri State University professor published in Journalism and Mass Communication Educator.
The survey queried more than 240 business editors across the country, and received 73 responses. Of those that responded, 50.8 percent said that graduating seniors were “moderately unprepared” while another 6.2 percent said they were “extremely unprepared.”
The results, however, are better than those from a similar survey a decade earlier. When a similar survey was done in 2002, 64 percent said students were “moderately unprepared” while 16.1 percent responded that they were “extremely unprepared.”
The research also found that more than three out of every five business editors would be willing to pay a higher salary for a business reporter right out of journalism school if he or she had training in accounting or financial reporting. That is in line with what was found in the 2002 survey.
In 2002, about tone third said they would pay $501 to $1,000 more, but that number rose to 41.7 percent in 2012.
The research was done by Mary Jane Pardue, a journalism professor at Missouri State who is also on the board of the Society of American Business Editors and Writers. It was published in the Spring 2014 issue of Journalism and Mass Communication Educator.
Pardue wrote that the study “shows that there is a continuing need for better-training business journalists and in some cases a willingness on the part of editors to pay more for journalists with special skills.”
She added that the research presents a question to journalism schools: Why haven’t they improved training for students to understand numbers?
“While few journalism students select business reporting as an area of focus, perhaps because of their ‘fear’ of using numbers, it can be argued that every beat a journalist covers has a business, financial, or economic component,” concluded Pardue. “Hence the call comes again for academia to recognize that there continues to be profound inadequacy in journalism education at a time when learning basics such as handling numbers in a story is more critical than ever.”
by Chris Roush
The Society of American Business Editors and Writers announced honorees in its 19th Best in Business competition, which honors excellence in business journalism across all news platforms.
The 150 honored works represent all corners of financial news, from the Albany (NY) Business Review to Fortune magazine and National Public Radio, from CNBC to the Atlanta Journal-Constitution and The Wall Street Journal.
Bloomberg News and its related media outlets, including Bloomberg Markets, Bloomberg BusinessWeek and Bloomberg TV, led with 13 honors; The New York Times had eight, Reuters had seven, American Banker had six, and the Los Angeles Times and ProPublica had five each.
“We congratulate the winners, and more broadly, contest entrants, for submissions that really highlighted the strength of American business reporting. With so many strong entries, picking a winner was a tough proposition for many judges,” said Kevin G. Hall, SABEW president and chief economics correspondent for McClatchy Newspapers.
For the first time, the contest singled out a winner in each category. “Based on feedback from members, we altered the contest this year to reduce the number of finalists in favor of a single winner in most categories,” Hall said. “This represents a big change for the organization, and we intend to engage the membership to determine whether we should continue down this road or modify the contest further.” The judges also chose to name one or two finalists in many categories, as warranted by the quality of entries.
Awards will be presented during ceremonies Saturday, March 29, at the Sheraton Phoenix Hotel, the closing event of SABEW’s 51th annual conference. The conference will be March 27-29 at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University in downtown Phoenix, and features headliners author Michael Lewis, Quartz editor-in-chief Kevin Delaney, and GoDaddy founder Bob Parsons.
More than 200 working journalists and academics served as judges, sifting through a record 1,123 entries from 181 news outlets across 72 categories. “I’d like to extend a special thank-you to all our volunteer judges, who gave hundreds of hours of their time to make this the best and highest-quality contest it could be,” said Joanna Ossinger of Bloomberg News, who served as judging coordinator. “We couldn’t have done it without them.”
The honored work reflected the challenges as well as the progress in the world economy in 2013. A sampling of winners included ProPublica’s investigation into continued problems in the payday lending industry, and GlobalPost’s series on the emergence of the newly democratic Myanmar, where child labor remains a critical issue. Several publications earned recognition for “why it happened reporting,” from the Detroit Free Press series on why Detroit went broke to the Globe and Mail’s examination of corporate and government oversight failures that led to the derailment of an oil train and resulting fire that killed 47 in Lac-Mégantic, Quebec.
by Chris Roush
Editor’s note: Brewer vetoed the legislation Wednesday evening.
The following letter was sent by the Society of American Business Editors and Writers to the Arizona governor, Jan Brewer:
When the Society of American Business Editors and Writers moved to Arizona in 2009, we expected a warm and welcoming environment. In general, that is what we have experienced, but we have been dismayed in recent days by news that the state’s Legislature has passed, and you are considering, a measure that would allow businesses to refuse service to gays and lesbians.
Such a law is offensive on its face, likely unconstitutional and would stand squarely against our association bylaws, which call for equal consideration to all people regardless of race, religion, national origin and sexual orientation, among other factors.
As news of this proposal has circulated nationally, many of our members have contacted our board and staff to express their outrage, especially since we are planning our annual conference in Phoenix at the end of March. This will be our second Arizona conference since 2010, and between the conferences and other business our association has generated hundreds of thousands of dollars for the Arizona economy in the five years since we moved to Phoenix.
Passage of a state law discriminating against gays would make us feel less welcome in our adopted home state, and certainly deter us from considering future conferences there. Please do the right thing and veto State Bill 1062.
SABEW Executive Director
Kevin G. Hall
SABEW Incoming President
by Chris Roush
The Society of American Business Editors and Writers‘ Best in Business competition has again attracted a record number of entries — 1,123.
“SABEW is absolutely thrilled with the record number of entries. The number slightly improved on last year’s record (1,120), set during our 50th anniversary when publicity was greater,” said Kevin G. Hall, the group’s 2013-2014 president, who works for McClatchy.
Winners of the contest, the largest of its kind, will be announced soon, with the presentation of awards at SABEW’s 51st annual conference March 29 at the Walter Cronkite School of Journalism and Mass Communications at Arizona State University in Phoenix.
The competition was created in 1995 to recognize the best work in business journalism. This year’s contest included entries from 181 companies, institutions and individuals, one of the highest totals ever.
“The submissions represent a wonderfully diverse group of publications and people. We’re looking forward to starting the judging process and selecting the very best from all the great business-journalism work done in 2013,” said Joanna Ossinger of Bloomberg News, who chairs the Best in Business Awards committee.
Some other highlights from the entry period:
- Bloomberg had the most entries – 71. Second-highest total was The New York Times (31), followed by CNN Money (30) and The Associated Press (26).
- The contest included 39 student entries from five universities.
- New to the contest were the New Yorker, BBC, LinkedIn and various local radio stations and specialty websites.
The BIB awards will be given out during a dinner at the Sheraton Downtown Phoenix Hotel on the final night of the conference.
by Chris Roush
The Society of American Business Editors and Writers has extended its deadline for the Best in Business competition until Monday afternoon.
The new deadline is Feb. 3, 6 p.m. Eastern time for the competition, which is entirely conducted online.
Warren Watson, executive director, said this additional time will enable dozens of companies and individuals to comfortably enter their best work. The contest featured a number of new categories this year after adding some new wrinkles a year ago.
The competition includes a variety of new personal writing divisions (open to all), in addition to new social media and blogging categories.
For more information, contact Watson at 1-602-496-5186 or email firstname.lastname@example.org.
by Chris Roush
For the first time since 1992, the Society of American Business Editors and Writers will conduct its annual spring conference in Chicago.
The dates: April 23-25, 2015, at the Hyatt Magnificent Mile Hotel. The spring conference is SABEW’s largest and most important event of the year.
“It’s been more than 20 years and we’re delighted to be back in one of America’s most exciting cities, an important journalism and financial hub,” said Warren Watson, executive director.
Although SABEW has held education events in Chicago throughout its 51 years, this will be only the third time the spring event will be held in the city.
Its first Chicago conference was in May 1976. The organization also did a conference in late April 1992.
But Chicago has made a special place in SABEW history. Numerous regional events covering personal finance, technology and reporting and writing have been held in the city. The most recent was a special symposium on the business of health care in November 2013.
Read more here.
by Chris Roush
Michael Lews, the financial journalist for Vanity Fair who has written such best-selling books as “Liar’s Poker” and “The Big Short,” has been named the latest recipient of the Distinguished Achievement Award by the Society of American Business Editors and Writers.
Lewis will receive his award at the SABEW annual conference in Phoenix in March 2014. He was selected by a committee led by former SABEW president Jill Jorden Spitz.
Past SABEW Distinguished Achievement Award winners include Carol Loomis of Fortune, Floyd Norris of The New York Times and Stephen Shepard of BusinessWeek.
Lewis graduated from Princeton with a BA in art history, and in 1985 received his master’s degree from the London School of Economics. Salomon Brothers hired him as a bond salesman shortly after. He moved to New York for training and witnessed firsthand the cutthroat, scruple-free culture that was Wall Street in the 1980s.
Several months later, armed only with what he’d learned in training, Lewis returned to London and spent the next three years dispensing investment advice to Salomon’s well-heeled clientele. He earned hundreds of thousands of dollars and survived a 1987 hostile takeover attempt at the firm. Nonetheless, he grew disillusioned with his job and left Salomon to write an account of his experiences in the industry. Published in 1989, “Liar’s Poker” remains one of the best written and most perceptive chronicles of investment banking and the appalling excesses of an era.
Since then, Lewis has found great success as a financial journalist and bestselling author. His nonfiction ranges over a variety of topics, including U.S./Japanese business relations (“Pacific Rift”), the 1996 presidential campaign (“Trail Fever”), Silicon Valley (“The New New Thing”), and the Internet boom (“Next: The Future Just Happened”).
Lewis won a Gerald Loeb Award in 2009 for feature writing. He also has written for Conde Nast Portfolio.
by Chris Roush
The 19th annual Best in Business competition from the Society of American Business Editors and Writers will open for entries on Monday, Dec. 2, 2013.
The contest, the largest of its kind, honors excellence in business journalism across all news platforms.
“Honoring the best work in business journalism is one of the most exciting and important things we at SABEW get to do,” said Joanna Ossinger, 2012 BiB committee chair and an editor at Bloomberg News.
Several new categories will be included, Ossinger announced Thursday.
“This year, I’m pleased to say we’re adding a new category to highlight the work of independent bloggers – and one that will recognize excellence in social media. We look forward to seeing many excellent entries in the contest.”
New categories include:
- Best Independent Blog- defined as a blog written by one to three people not affiliated with an established news organization
- Real-Time Reporting- focused on the use of social media in a breaking news event.
Rules and further category information will be released soon.
Judges awarded 136 winners a year ago and winners represented various publications, from the Providence Journal to The Wall Street Journal, from American Banker to National Underwriter Life & Health, from CNBC to Southern California Public Radio.
Bloomberg News and its related magazines, Bloomberg Markets and Bloomberg Businessweek, led with 14 wins; The New York Times had nine winners, and The Huffington Post and CNBC had five each.
Read more here.
by Chris Roush
The Society of American Business Editors and Writers will conduct a two-day journalism ethics symposium in downtown Phoenix on Oct. 24 and 25.
The event, open to the public, will feature prominent journalists including Margaret Sullivan, Clark Hoyt and Barney Calame, who all have been public editors at The New York Times; Aaron Brown, former CNN reporter/anchor; and Kelly McBride, ethicist at the Poynter Institute for Media Studies in St. Petersburg, Fla.
The event includes a Thursday evening reception and program as well as sessions Friday morning and early afternoon. The seminar will take place at Arizona State University’s Walter Cronkite School of Journalism.
Though the event is free, you’re asked to register at sabew.org to attend. The schedule can be viewed here.
The program is named after Gary Klott, the former New York Times reporter and columnist who was in many ways the ethics conscience of the SABEW organization for years.
His widow is Sandy Duerr, a former SABEW president who is currently executive editor of the San Luis Obispo newspaper.
This is the first stand-alone Klott event, part of SABEW’s 50th anniversary.