Tag Archives: SABEW
by Chris Roush
A majority of business journalists in the United States received a pay raise within the past 12 months, according to an informal survey of nearly 250 business reporters and editors conducted by the Society of American Business Editors and Writers.
Of those that received a raise, two-thirds said the increased pay occurred at their current job. A third of the respondents also replied that their pay remained unchanged in the past year.
The survey discovered that the median survey of business journalists remained at between $65,000 and $70,000. The SABEW survey found the same median salary range in 2010 and 2011.
SABEW received 247 responses to the survey this summer in an attempt to quantify compensation among the estimated 8,000 business journalists working in the United States. More than 3,000 business journalists were invited to participate through direct email to SABEW members, notices on sabew.org and other communications. The 2011 poll received 317 responses.
“It’s encouraging that media companies understand the significance of paying good business journalists,” said Jill Jorden Spitz, the president of SABEW and assistant managing editor for business at the Arizona Daily Star. “These are the reporters and editors who are explaining the significance of major events in companies, the markets and our economy to millions of readers and viewers every day.”
Of those who received raises, more than two-thirds said that their increase was less than $5,000, whereas one in six said that their salary had increased between $5,000 and $10,000. Ten percent said their salary rose by more than $15,000.
The pay raises were for various reasons. Some business journalists said they leveraged job offers at other media organizations into raises at their current employer. Others noted that they work at a newsroom covered by a union that negotiated a cost-of-living increase in pay.
Read more here.
by Chris Roush
The Supreme Court has ruled on the Affordable Health Care Act. What’s next? What are the implications for taxes, for Medicaid, for the exchanges?
Here’s your chance to get tips and ask questions of noted health care journalists in the Society of American Business Editors and Writers’s next hour-long teletraining call, “Health Care Coverage in the Wake of the U.S. Supreme Court Decision,” 2 p.m. to 3 p.m. Eastern, Monday, Aug. 20.
Register for the call here. On the day of the call, dial 218-339-2626 and, when prompted, enter the access code 4058935 and you’ll be put in to the call. Callers may only listen in to the panelists’ discussion, but may submit questions to firstname.lastname@example.org that will be sent to the moderator for possible inclusion in the hour-long discussion.
Panelists include John Wasik, freelance writer and author of 13 books, including one on health care reform; E.J. Mitchell, managing editor, Medicare News Group; and Ricardo Alonso-Zaldivar, Associated Press Washington Bureau.
For more information on this session, contact Warren Watson, email@example.com or 602-496-5186.
Register here for the call. At the time of the call, dial 218-339-2626. At the prompt, enter the access code 4058935.
by Chris Roush
The Society of American Business Editors and Writers annual Best in Business contest is adding two new categories — one in covering small business and one in covering technology.
Mark Scarp of the SABEW staff writes, “These categories join Personal Finance and Real Estate as categories that recognize excellence in reporting on topics unique to business journalism.
“SABEW also introduces Innovation: a category that will recognize creative and bold initiatives across all facets of business journalism, from exciting new apps to interesting storytelling experiments. This replaces Creative Use of Multiple Platforms.
“In other contest developments, Blogs, formerly a separate category, will merge with the Opinion/Column category in each division to create an overall Commentary category.
“This year’s contest opens with an Early Bird Period on Dec. 4: This year’s entrants will be able to enter at last year’s prices, which will be posted on sabew.org along with other contest information. The final deadline for entries will be Jan. 29, 2013. Winners will be announced at our 50th anniversary annual conference in Washington, D.C., April 4-6.”
Read more here.
by Chris Roush
Diana B. Henriques, an award-winning financial journalist and author of The Wizard of Lies, the New York Times bestseller about the Bernie Madoff scandal, will receive the Distinguished Achievement Award this year from the Society of American Business Editors and Writers, the organization announced.
The award, which is SABEW’s highest honor, is given annually to someone who has made a significant impact on the field of business journalism and who has served as a nurturing influence on others in the profession.
“We could think of no one who meets this criteria more than Diana,” said Kevin Noblet, chair of the selection committee. “Her investigative reporting sets a high standard for all of us in terms of rigor and relevance. And she has been so generous to those who ask her help to become better professionals.”
Henriques will receive the award Sept. 27, during SABEW’s annual fall conference at the City University of New York Graduate School of Journalism in New York City.
A reporter for The New York Times since 1989, Henriques has largely specialized in investigative reporting on white-collar crime, market regulation and corporate governance. She was a member of The New York Times’ reporting teams that were Pulitzer Prize finalists for coverage of the 2008 financial crisis and the aftermath of the Enron scandals.
She was also a member of a team that won a 1999 Gerald Loeb Award for covering the near-collapse of Long Term Capital Management, a hedge fund whose troubles rocked the financial markets in September 1998. And she was one of four reporters honored in 1996 by the Deadline Club, the New York City chapter of the Society of Professional Journalists, for a series on how wealthy Americans legally sidestep taxes.
After the terrorist attacks of Sept. 11, 2001, Henriques and another reporter at The Times, David Barstow, covered the management of billions of dollars in charity and victim assistance as part of the paper’s award-winning section, “A Nation Challenged.” She also chronicled the fate of Cantor Fitzgerald, the Wall Street firm that suffered the largest death toll in the World Trade Center attacks.
But she is proudest of her 2004 series exposing the exploitation of American military personnel by financial service companies. Her work prompted legislative reform and cash reimbursements for tens of thousands of defrauded service members, drawing recognition and thanks from military lawyers and families across the country. For that series, she was a Pulitzer finalist in 2005 and received a George Polk Award, Harvard’s Goldsmith Prize for Investigative Reporting and the Worth Bingham Prize.
by Chris Roush
The Society of American Business Editors and Writers’ third annual confidential survey of business journalists throughout the country aims to determine what is happening to the pay for business reporters and editors in various positions.
CLICK HERE TO TAKE THE SURVEY: http://www.surveymonkey.com/s/HTW2XZC
The results of the survey will be made available to all SABEW members by the end of September, and the data will be updated annually to determine whether pay for business journalists is rising or falling, by how much, and what positions are seeing the biggest changes in compensation.
To do that, we need your help. Please click on the link above. Answering the questions will take less than a minute, but will provide valuable data for business journalists such as yourselves. The deadline to take this 60-second survey is Friday, Aug. 12. Please take a minute (literally) to help us compile this valuable information.
“We saw a slight uptick in pay from the 2011 survey, so we’re interested in seeing whether that has continued this year,” said Jill Jorden Spitz, SABEW’s president and an assistant managing editor of the Arizona Daily Star. “We hope this data will become useful for our members who want to compare their pay to others in the industry and who want to see where they stand.”
The 2011 informal survey, which received nearly 320 responses, discovered that slightly more than half of those who responded said that their salaries had increased during the past year, while less than 10 percent said that their salary had decreased. Nearly 40 percent said there was no change to their salary in the past 12 months.
SABEW, which has its headquarters at Arizona State University’s Walter Cronkite School of Journalism and Mass Communication, asks business journalists for such information annually to determine how compensation and other demographics among them change.
The survey results will be analyzed by SABEW’s research director Chris Roush, a journalism professor at UNC-Chapel Hill. The results will be broken out among geographic areas in the country, as well as by position, by length of time on a job, and by experience.
For questions, about the survey, e-mail Roush at firstname.lastname@example.org.
by Chris Roush
Reporters and editors who are on the front lines of covering the intersection of business and politics share their insights regarding the upcoming election, the economic stories it will offer up, and what business journalists should be watching for during the next training call from the Society of American Business Editors and Writers.
It’s called “Marrying Politics and the Economy: Business Coverage in an Election Year,” and it will be held 2 to 3 p.m. Eastern time, Monday, June 18.
Sign up for the call here. On the day of the call, dial 218-339-2626 and, when prompted, enter the access code 4058935 and you’ll be put in to the call. Callers may only listen in to the panelists’ discussion, but may submit questions to email@example.com that will be sent to the moderator for possible inclusion in the hour-long discussion.
The moderator of the call is Fred Monyak, the Washington-based economy editor for The Associated Press. He formerly served as a business assignment editor for USA Today, a political news editor for The Baltimore Sun in Washington and a reporter and editor for The Virginian-Pilot in Norfolk, Va.
Also on the call will be Michael Fletcher, national economics correspondent, The Washington Post; John Maggs, senior editor for economics, Kiplinger Washington Editors; and Paul Wiseman, an economics writer for the AP.
by Chris Roush
Learn what it takes to produce a successful investigative endeavor from start to finish from several top performers in this field in the Drilling Deep: Investigative Reporting Workshop Series, Friday, July 13, in Oklahoma City and Thursday, July 19, in Toronto.
The workshops are free and provided by the Society of American Business Editors and Writers.
These important seminars, to be held at The Daily Oklahoman in Oklahoma City, and at the Rotman School of Management at the University of Toronto, are sponsored by SABEW with a grant from the Ethics and Excellence in Journalism Foundation.
SABEW members are admitted free but must register. Nonmembers pay $35, which includes a year’s membership in SABEW, a $55 value.
A final program schedule is being determined. Please visit the SABEW website soon for more details on these and two more workshops that are tentatively planned for early fall in two other cities.
by Chris Roush
The Society of American Business Editors and Writers next training call, “Freelancer’s Bootcamp: Real World Tricks and Tips,” will help freelance business journalists improve their work.
This freelancer’s boot camp will cover all aspects entrepreneurial journalism, including setting up an LLC and keeping the books, best practices for time management and pitching stories, and transitioning from the newsroom to full-time freelancing. We’ll also get an editor’s perspective on what works and what doesn’t.
The moderator of the call is Michelle Leder, founder of Footnoted.org, a website that takes a close look at items that companies try to bury in their routine SEC filings. Leder first became interested in SEC filings early in her career, while writing about a small Florida bank that was engaged in aggressive accounting during the last real estate boom.
Also on the call will be Jonathan Blum, the owner of Blumsday, a web-based technology news company. His work regularly appears on TheStreet, Entrepreneur Magazine, and Entrepreneur.com and many other publications and websites.
To sign up for the call, click here.
On the day of the call, dial (218) 339-2626 and, when prompted, enter the access code 4058935 and you’ll be put in to the call. Callers may only listen in to the panelists’ discussion, but may submit questions to firstname.lastname@example.org that will be sent to the moderator for possible inclusion in the hourlong discussion.
The call will be held 2 p.m. to 3 p.m. EST, Monday, May 21.
by Chris Roush
Business journalists often feel pressured by their sources to write stories that aren’t newsworthy and that could result in financial gain for those sources, according to research completed at the University of North Carolina at Chapel Hill.
Using a survey distributed to Society of American Business Editors and Writers members, honors student Victoria Stilwell found that sources use their status as trusted informants to profit financially from stories journalists write, based on responses to the survey.
Because human sources such as traders, company executives and public relations officials were viewed as the most important source of information, they often hold the upper hand when it comes to dealing with the media. This is underscored by the fact journalists don’t view themselves as an important information supplier to their own sources.
The survey also revealed that many journalists do write stories to stay in good standing with sources they deem critical to the news-making process. These stories were often described as newsworthy pieces that might be published in a blog or brief but were not otherwise prominently featured.
These stories were not only written at the behest of sources but were also requested by publishers and advertising staffs.
Almost 60 percent of stories written at the behest of a source were positive in nature. Furthermore, writing these stories carried out their intended effect — they strengthened the relationship between the journalist and his or her source.
The survey also investigated what role codes of ethics play in source relations. One question asked how frequently respondents consulted their codes. About 43 percent said they rarely to never look at them, while 33 percent said sometimes.
Most journalists attributed this to having ethics codes engrained in them and therefore not needing to frequently look at them.
For more information about this research, please contact Stilwell at email@example.com.
by Chris Roush
The Society of American Business Editors and Writers is renewing a push to broaden its diversity efforts in 2012 ahead of its 50th anniversary in Washington and the Unity conference in Las Vegas in August.
The business journalism organization held a committee meeting last week to go over initiatives that include recruiting minority candidates to join SABEW, ensuring that SABEW’s board reflects the diversity of our readership and newsrooms, and raising funds for its Five for 50 campaign for five students of color to attend SABEW conferences for the next five years, starting with its 50th anniversary conference in Washington next year.
The organization also will work with other media companies and other associations to help raise business journalism scholarships exclusively for students and young journalists. SABEW is asking major media companies such as the New York Times, Wall Street Journal, CNN, Thomson Reuters, Bloomberg, Dow Jones and newspapers to respond to these challenges.
“There’s a yawning gap between many companies’ diversity goals, and the reality you see in most newsrooms,” said Walden Siew, a New York-based editor for Reuters and chair of SABEW’s diversity committee. “SABEW too must do a better job to promote a board and membership that reflects our audience and industry.”
Pamela Yip, a personal finance columnist and former chair and current member of SABEW’s diversity committee, also said her newspaper, the Dallas Morning News, offers paid internships every summer. The paper has already picked this summer’s business news intern, but she encouraged interested students to contact her for future positions.