Tag Archives: SABEW
SABEW President Jon Lansner, who is also a business columnist with the Orange County Register, spoke with SEC chairman Christopher Cox on Monday about the recent brouhaha surrounding the regulatory body’s subpoenas of business journalists for one of its investigations.
Lansner’s conclusion is that business journalists should not be worried; Cox does understand the role that business journalism plays as a watchdog on corporate America and the stock market.
Wrote Lansner: “It’s always scary in a society that cherishes an independent press when regulators or other law-enforcement officials pursue reporters and their work as part of a government probe.
“The sources that help reporters find corporate villains might not be very candid if they feared journalists’ records could become government fodder one day.
“Unfortunately for Cox, he learned his agency was subpoenaing reporters for their work from news reports.”
Later, Lansner adds, “And I’m betting after my chat with Cox, new SEC rules will highly discourage such searches that target the financial press.
“Cox told me that fresh subpoena guidelines will ‘almost certainly spell out that the federal government should pursue information in the course of law-enforcement work through other means whenever possible.’
“I’m thrilled because Cox is willing to say that the financial press adds value to investors by enhancing their ability to watch the markets. Cox’s seven months at the SEC have been highlighted by his push to get more corporate data to investors – including plans to publicize additional salary and benefit details from company executives.”
Read Lansner’s column here.
The Atlanta Journal-Constitution will announce in tomorrow’s newspaper that it is cutting the stock listings in its daily newspaper beginning next week, joining a list of metropolitan dailies across the country that have made similar cuts to their business sections since the beginning of the year.
The AJC’s public editor, Angela Tuck, right, wrote in a column already posted on the paper’s Web site that, “The change will make room for expanded coverage of national business news, something readers tell us they want more of.
“Starting Tuesday, the thousands of stock listings the newspaper has run will be reduced to hundreds. They will be displayed on a revamped inside page called ‘Market Movers,’ which replaces the ‘Daily Investing Report.’
“‘The Market Movers page will offer a powerful, jampacked summary of everything you want to know about what happened in the markets the day before,’ said AJC business editor Mark Braykovich. ‘In one quick look, you’ll get more information than ever before in the AJC. It will appeal to a broader section of readers.’
“The ‘Market Movers’ page will include a chart of mutual funds prices â€” a new feature â€” as well as listings on more than 100 Georgia stocks, commodity and currency prices and the latest interest rates.”
Among the other papers that have cut stock listings in recent months are the Chicago Tribune, Newsday, Providence Journal, Rocky Mountain News, The (Raleigh) News & Observer, Cincinnati Enquirer and Orlando Sentinel. Most newspapers say they’re cutting stock listings to lower the newsprint expense. In many cases, the business news hole is also slashed.
In addition, Tuck disclosed some changes to the Sunday business section. She wrote, “Readers will also notice some changes in the Sunday Business section, which is getting a new look and additional features on March 12.
“‘Private Quarters,’ a column by Julie Hairston that shows unique and often lavish homes in and around metro Atlanta, will move from Fridays to Sundays. The column is extremely popular with readers, who will now get to see more pictures from the properties featured.”
Disclosure: Braykovich is a SABEW board member running for re-election this year. And I worked with Tuck while at the AJC from 1994-97.
Read Tuck’s Saturday column here. Registration is required.
SABEW’s Fund for the Future is a new fundraising drive that seeks to provide this organization with the financial muscle required to create more innovative training opportunities at a cost that will fit into shrinking newsroom budgets.
SABEW already helps our 3,500 members in numerous ways: from industry news and professional tips contained in our newsletter, The Business Journalist, and on our Web site — to the hands-on teaching experiences and networking at our conferences and workshops.
Fund for the Future will help SABEW strengthen the quality of business journalism. To meet new challenges, SABEW must explore new training methods Â from online or telephone seminars to becoming a Web-based aggregator of pioneering business journalism reporting and editing tools.
Such efforts are complicated and expensive.
So SABEW needs your help. Please consider a donation to our Fund for the Future.
HOW TO DONATE
You can donate by sending a check to: SABEW c/o Missouri School of Journalism, 134 Neff Annex, Columbia, MO 65211-1200. Please note the check is for Fund for the Future.
You can donate by credit card by calling SABEW’s office at 573-882-7862.
You may donate in honor or memory of a friend, family member or colleague. SABEW intends to publish a list of donors, and we’d be happy to acknowledge such gifts.
SABEW is an IRS approved 501c3 not-for-profit organization. Your donation may be tax deductible. Please check with your tax advisor.
Your employer may match charitable donations to organizations like SABEW. Check to see if the company offers such a benefit.
There are 10 candidates for the seven open board seats for the Society of American Business Editors and Writers. The positions will be voted on at the annual conference the first weekend in May in Minneapolis-St. Paul.
Here are the 10 candidates:
1. William Ahearn, an executive editor at Bloomberg News. He is responsible for global hiring, recruitment and training; the syndication of Bloombergâ€™s broadcast and newspaper reports; its commentary team of 21 columnists; and obituaries.
2. Mark Braykovich, the business editor at the Atlanta Journal-Constitution. Braykovich oversees a staff of 35 reporters and editors covering metro Atlantaâ€™s business community at the AJC.
3. John Corrigan, the senior markets editor for the Los Angeles Times. He leads a team of six reporters in Los Angeles, New York and Washington, D.C., who cover Wall Street, the Securities and Exchange Commission, corporate crime and personal finance.
4. Andre Jackson, business editor at the St. Louis Post Dispatch. Jackson has overseen business news coverage at the St. Louis Post-Dispatch since spring 2001. Jackson joined the Post-Dispatch in 1987 as a general assignment reporter, covering events ranging from presidential campaigns to a Ku Klux Klan rally.
5. Stephen Keating of the Denver Post, working with a staff of 17. He was hired by the esteemed Henry Dubroff as a business reporter at the Post in 1994 and published a non-fiction book in 1999 titled â€œCutthroatâ€? about media moguls in the cable and satellite TV industry.
6. Greg McCune, training editor for Reuters. McCune has 27 years of experience in business journalism. He has been around the world as a business journalist — eight years with Bridge News and 19 years with Reuters.
7. Josh Mills, director of the masterâ€™s program at Baruch College/CUNY. He has served on SABEWâ€™s board for three years and its executive committee for one, and chairs SABEWâ€™s education committee and co-chairs its diversity task force.
8. Rob Reuteman, business editor at the Rocky Mountain News since May 1997. He was elected to a one-year term to the SABEW board of governors last May, and helped put together last fall’s reporting workshop in St. Louis.
9. Michael Sasso, the retail/restaurant industry reporter for the Tampa Tribune, where he has been employed for three years. Previously, he was a business reporter for The Ledger of Lakeland, Fla.
10. Susan Tompor, who writes a personal finance column for the Detroit Free Press. Tompor has been a business journalist for nearly 25 years.
The full biographies can be found here.
Charlotte-based American City Business Journals, which has weekly business newspapers in 41 markets across the country, has named two new editors.
Ron Trujillo, a veteran California business journalist, has been named editor of the Sacramento Business Journal. Trujillo joins the Business Journal from the Press-Enterprise in Riverside, Calif., where he was business editor. Prior to that, he was with the Fresno Bee as a reporter and then business editor. Trujillo began his career as a reporter with the Visalia Times-Delta and also served as that paper’s business editor, taking time out from the Times-Delta for a brief stint as a business reporter for USA Today. He has also worked as a business reporter for the Santa Barbara News-Press.
Caleb Stephens has been named managing editor of the Dayton Business Journal. Stephens had been senior reporter at the DBJ for nearly two years, having first joined the DBJ as a staff reporter four years ago. He previously worked as a reporter and assistant editor at the Kettering-Oakwood Times near Dayton.
The Dayton Business Journal was a SABEW Best in Business contest winner in 2002 in the breaking news category.
Barney Calame, who won the SABEW Distinguished Achievement Award in 2002 and is now the public editor of the New York Times, will speak in Mississippi this coming Thursday. Calame was a long-time fixture at SABEW functions before retiring from the Wall Street Journal at the beginning of 2005. He has been the public editor of the Times since last summer.
See advance coverage of his speech here.
Deadline for the Society of American Business Editors and Writers’ 12th annual Best in Business contest is fast approaching. This year’s competition offers two major changes: registration of all entries online at http://www.sabew.org and a new contest category for business columnists.
The deadline for online registration of all entries is Feb. 1, 2006. Paper copies of entries must be sent to SABEW postmarked no later than Feb. 8, 2006. The contest is for work published in calendar 2005.
SABEW hopes to make life easier for busy business journalists by offering online registration for Best in Business entries. Follow the instructions at http://www.sabew.org and use handy dropdown menus to choose the appropriate contest category, join SABEW for 2006, and pay for both by credit card.
The new competition for business columnists is an attempt to recognize that columnists are an influential and popular read in many newspapers, as well as online, and SABEW wants to recognize this special breed of business journalists.
The Best in Business contest has two main components:  the SECTION competition to select outstanding daily newspaper business sections and weekly business newspapers; and  the NEWS contest to select the best individual stories or packages of stories published by the business news media.
Additionally, SABEW is once again inviting students interested in business journalism to enter its second Best in Business contest for students. There are two categories this year: breaking news and enterprise reporting.
Jerry Heaster, dean of The Kansas City Starâ€™s business desk, is retiring â€” bringing an end to a long and distinguished career in business journalism. He wrote more than 5,000 columns in the past 27 years, according to a story in this morning’s paper.
Star reporter Chris Lester wrote, “Heaster, 67, cited health issues as the reason he is leaving the newspaper. Over the past two years, his popular column has appeared only intermittently â€” first because of a broken hip suffered in February 2004 and later because of a form of non-Hodgkins lymphoma diagnosed later that year.”
The Society of American Business Editors and Writers plans to bestow the organizationâ€™s Presidentâ€™s Award on Heaster at its annual meeting this spring in Minneapolis. Heaster is just the fourth recipient of the award, which the organization, established in 1964, grants occasionally to recognize significant contributions to the organization and business journalism.
The paper will search for a replacement.
I had an interesting conversation with Herb Greenberg, the California-based columnist for Marketwatch.com, about an issue that was recently posted on Talking Biz News. And he made an interesting side comment that has stuck in my mind since I hung up the phone.
What Greenberg, formerly of TheStreet.com and of the San Francisco daily, said was this: There has never been a more important time in business journalism as what we’re experiencing today. The way business news is being delivered is changing, and how business news is being reported is changing. The general public is questioning the usefulness of mainstream media, and as a result, business journalism is under more scrutiny as well.
I agree. Business journalism has made great strides in the past 17 years in which I have been involved in the field, but in many respects it’s still considered a back water at many publications. And there are threats all around, from the perception out there that business reporters are on the take from the companies and industries that they write about to companies that are becoming increasingly hostile to the business journalist’s role of providing readers with information about corporate America, the economy and Wall Street.
This comes at a time when daily newspapers are questioning the amount of space in which they provide to business information — witness what is happening with stock listings being cut in many metropolitan dailies without giving additional space to editorial content.
All around business journalism there are attemps to spin the truth, from investors and analysts to public relations officials to corporate executives. Business journalism must resist these threats and continue to move forward. Otherwise, we lose all credibility.
I think SABEW can play a big part in this. The field is going through a time where new leaders are emerging as old pros such as Myron Kandel fade away. We must continue to strive to make business journalism better. Quality means respect.
Houston Chronicle business columnist Loren Steffy wrote the column this morning that probably a lot of columnists should be writing. His message: I am not for sale.
Steffy (Disclosure: I know Steffy. We worked together at Bloomberg. Last summer at SABEW in Seattle, we had a few beers.) was responding to the recent spate of revelations by columnists and reporters that they’ve accepted money to write with a particularly slant.
Steffy wrote: “If I hammer on Ken Lay or call for the release of Jamie Olis, you need to know it’s me talking and not some hidden paycheck. If I write about a company, you need to know I’m not in the stock, long or short.”
And he added: “I’d like to think we’re done with this, but I have a feeling we’re just getting started. People like Richard Scrushy and Jack Abramoff share ideas. They see what works.
“And they have one seemingly unlimited resource: ready cash.
“So I just wanted to make sure we’re clear about this. Their money is no good here. Even if we disagree, you need to know that. This is our space.”