Tag Archives: Wall Street Journal
by Chris Roush
Joe Pompeo of Capital New York reports Monday of a bedbug infestation at The Wall Street Journal.
Pompeo writes, “‘I wanted to let you know that on Friday the facilities department received a report of a bedbug sighting in the video area of the 6th floor,’ wrote deputy managing editor Deborah Brewster in a note to employees that was passed along to Capital.
“The Journal brought in a sniffer dog to detect the presence of the incredibly resilient and psychologically horrifying but otherwise harmless vermin, according to the memo, which indicated that the dog did indeed find evidence of a potential bed bug infestation ‘in part of the video area and in part of the main 6th floor conference room.’ Both areas were treated by an exterminator accordingly and will continue to be monitored in the coming weeks.
“A spokesperson for the paper did not immediately have a comment on the situation.
“UPDATE: ‘In a large building with hundreds of staff and visitors, a random incident like this is unfortunately unavoidable,’ the spokesperson said. ‘Our facilities department has proactively dealt with it, and in the interest of transparency, we communicated the incident to our New York-based newsroom staff.’”
Read more here.
by Chris Roush
Raju Narisetti, who oversees The Wall Street Journal’s online operations, sent out the following email announcement late Friday afternoon:
I wanted to share with everyone significant changes in our WSJ Live video team aimed at streamlining roles and responsibilities while creating new focus areas around training; quality enhancements; better and faster surfacing of video; outreach to non-WSJ partners; and budget management.
Effective immediately, Andy Regal is assuming leadership of the group. Reporting to him will be:
Wendy Bounds: Will retain her current YouTube and Lunch Break responsibilities while taking on a leadership role, under Andy, in our reconstituted Insights Team– journalists primarily managing staff-generated video journalism outside of Live Shows. This includes World Stream, In-Depth, Front Page, Big Interview, Boss Talks and Events staff, along with the formidable Lee Hawkins. Marshall Crook and his staff, as well as Jeff Bush are now part of this group.
Joanne Po: Will take full ownership of all our current and future Live shows and related staff, including talent. Under Joanne’s leadership, Live Shows have become a major source of significant, post-live views for individual segments, and leveraging shows for video-on-demand will remain a major focus area for her and her team. Mary Kissel on WSJ Opinion staff will work closely with Joanne as we re-imagine the Opinion Journal show with Paul Gigot’s guidance.
Chris Wall: In addition to his duties as the technology leader of WSJ Live, he will add Studio Technology management as well as Finance to his portfolio, working closely with Al Anspaugh to first streamline and then effectively manage our video news budget.
Nuna Charafeddine: Will now assume direct responsibility for all Operations across all WSJ Live teams. This is a significant ‘behind the scenes’ role but is vital for everything we do with video and our future growth.
Beckey Bright: She and a dedicated team will take on the responsibility of managing all video proposals; working to link, in a timely fashion, our video journalism with our articles, blogs and other journalism; and take on the new role of Partner Outreach under which we actively work with all WSJ Live content partners outside our own platform to promote our video journalism. Video pitches, from the newsroom, can continue to go to VideoProposal@dowjones.com.
Jill Kirschenbaum: In coming weeks, Jill will transition from her role as the main coordinator of Front Page videos into a new role, responsible for significantly ramping up video training as we create an integrated newsroom. As part of that role, she will also become the go-to person to help enhance quality of reporter-shot video while helping maintain our high journalistic standards.
In addition, we will shortly be naming Kristi Oloffson to a new, full-time video role at WSJ.com to focus exclusively on surfacing and showcasing video in a relevant and timely manner.
And Neal Mann will continue to primarily focus on driving WSJ Live’s Social Media strategy as part of the Social Media team led by Liz Heron, and also act as the Video Innovations Editor.
Wendy, Joanne, Chris, Nuna, Beckey and Jill will constitute the WSJ Live leadership team under Andy, along with Neal.
For those of you who haven’t yet met Andy, he has been with WSJ since May, initially as a consulting editor and, in the last three months, as head of our in-depth video team. Before joining us, Andy served as an executive producer at CNBC and MSNBC. He was part of the launch team at Court TV and was Vice President of original programming, in charge of developing new programming and overseeing long-form content. He was also VP of original programming at College Sports Television which was sold to CBS, and most recently a founding member of Big Lead Sports, a digital sports media company, serving as EVP of programming and content. Big Lead Sports was sold to Gannett earlier this year.
A WSJ Live organization chart that reflects all these changes is attached, for internal use. The entire WSJ Live team can be reached via a new group email: WSJVideoTeam@dowjones.com
While there is much work to be done in the coming days and weeks, please join me in congratulating Andy, Wendy, Joanne, Chris, Nuna, Beckey and Jill, and wishing them continued success in building on the great success story that WSJ Live has been in our newsroom and beyond.
by Chris Roush
Ben Fritz, the film reporter at the Los Angeles Times, has accepted a job at The Wall Street Journal to cover the movie business, reports Alexander Kaufman of The Wrap.
Kaufman writes, “Nancy Sullivan, vice president of communications for the Times, said the paper would replace him in the coming weeks.
“‘Yes, Ben Fritz will be leaving the Times in the next few weeks,’ Sullivan said in an email to TheWrap. ‘We’ll be announcing a terrific new reporter who’ll be joining our entertainment team at that time.’
“Fritz is the latest in a string of recent departures from the Times’ arts and entertainment desk.
“Assistant managing editor for arts & entertainment Sallie Hofmeister left in June. Then, longtime film writer Patrick Goldstein, who wrote the ‘Big Picture’ column, announced his departure in August. A month later, Geoff Boucher, who founded the popular ‘Hero Complex’ fanboy blog, resigned and joined Entertainment Weekly.
“Other entertainment section departures include arts and entertainment editor Craig Turner and Nightlife Editor Dean Kuipers. A year ago, TheWrap hired the Times’ former online arts and entertainment editor, Lisa Fung, as its first executive editor.”
Read more here.
by Chris Roush
Wall Street Journal deputy managing editor Matt Murray sent out the following email to the staff on Thursday asking them to emphasize scoops:
Nothing we do as a news organization is more important than maintaining a steady flow of scoops. Exclusives are at the very heart of our journalism and of what readers expect of us. As Gerry noted in his New Year’s note, “Scoops are the only guarantee of survival” in a highly competitive news arena.
And a week into the New Year, we want to underscore the need for a renewed, and ongoing, push for scoops. They are vital for distinguishing virtually everything we do — from producing a real-time newswire that is a must-read for customers; to maintaining a fresh, lively website that keeps readers coming back again and again; to publishing a newspaper that delivers news everyone needs and no one can find elsewhere.
Scoops of fact and analysis are of course a long-standing hallmark of our journalism and the crucial measure of success on any beat. Happily, we have had several good ones to start the year — but, alas, there also have been a couple big ones that we missed.
With our ability to gain access, we should also be regularly conducting exclusive interviews around the world with newsmakers from government, business and finance. We had a good burst of such interviews over the past year with the introduction of FX Trader; with the new year, we need to redouble our efforts on interview requests, on topics from the macro-outlook to corporate strategies.
Success at obtaining scoops, and avoiding being scooped by competitors, will be central to how each of us is directly evaluated — just as it is central to how rightfully demanding readers evaluate us every day.
As you dive into 2013, please keep this crucial need at the forefront of your thinking. And as you file, please (also following up on an earlier Gerry note) send your copy to URGENT and mark it “believed exclusive” so editors can give your work the attention it deserves across our various publishing channels.
Thanks in advance for your accelerated efforts.
by Chris Roush
William McGurn, who is leaving The Wall Street Journal editorial page to become editorial page editor of The New York Post, writes Tuesday about the business newspaper and what makes it special.
McGurn writes, “At its heart, the spirit is simply confidence in the ability of ordinary men and women to better themselves if given the freedom to do so. Every Journal newspaperman for whom I have labored shared this disposition: Bob Bartley, Seth Lipsky, Gordon Crovitz, George Melloan, Dan Henninger and now Paul Gigot, the editor who so graciously invited me to write this column.
“Thus one of my earliest Journal memories is of Mr. Lipsky assigning me to read a speech by Robert McNamara. Here was a man whose disastrous handling of the Vietnam War as secretary of defense was perhaps exceeded only by the damage he would later inflict as president of the World Bank. When Robert Strange McNamara looked out at the poor, he saw menace. In language soaked in the imagery of nuclear holocaust, he predicted global doom unless governments addressed the “mushrooming cloud of the population explosion.”
“My editors made it clear they were guided by a very different idea: that human beings ought to be seen as minds rather than mouths. The more I read while at the Journal, the more I appreciated that some of the most hopeful writing about human possibility was being done by economists—from Adam Smith and Friedrich Hayek to Milton Friedman, Gary Becker and Julian Simon.
“Put it this way: When China transformed itself by moving from Mao to markets, the Journal’s editors were as dazzled by the results as anybody. They just weren’t surprised.”
Read more here.
by Chris Roush
Michael Wolff writes in The Guardian about how he perceives the changes at The Wall Street Journal since it was acquired five years ago by News Corp. CEO Rupert Murdoch.
Wolff writes, “When he bid for the Wall Street Journal in 2007, many Journal loyalists, along with his journalistic enemies, believed that, under Murdoch, the paper would necessarily cater to his views as well as become crasser in tone and style. Four years later, there is more puzzlement than outrage about what he and his deputy, Journal editor Robert Thomson, who will hold the CEO title in the new company, have done to the Journal.
“Murdoch and Thomson took one of the most distinctive, stylized and ‘branded’ voices in journalism – its look and feel recognizable at 30 paces – and flattened it. Adding signature Murdoch elements has not been the strategy: his political accents have been few, his tabloid flare absent. Instead, the strategy has been to cleanse it of identifying marks. The Wall Street Journal, which was a shrinking business when Murdoch bought it, with its profit margins whittled to almost nothing, is now a highly-proficient, well-executed information product – no more, no less.
“And oh, yes: with significant new investment, it loses more money than it ever did.
“Curiously, or eccentrically, Murdoch also shifted the paper’s coverage from all business – it was to business, as the New Testament is to Christianity – to much less business and much more general politics and international coverage. Why? Why would you throw out the most important aspect of what you so expensively acquired?”
Read more here.
by Chris Roush
Incoming Wall Street Journal managing editor Gerard Baker sent the following email to the staff on Monday afternoon:
It’s an extraordinary privilege for me to take the reins this week from Robert Thomson as Editor in Chief and to lead Dow Jones into the next phase of our history. I’m especially fortunate and proud to work with a team of reporters and editors who produce the finest journalism in the world. As we complete one era and start another, I want to take a moment to thank you for your outstanding work in the last year and to articulate our principal objectives for 2013.
In 2012 the Journal solidified its status as the number one newspaper in America, with a total circulation of almost 2.3m. Our digital footprint expanded dramatically in the US and around the globe. The WSJ Digital Network recorded a 16% surge in readers to a monthly average of 58.2 million, while overall visits to our sites were up a healthy 8.4%. We launched a number of foreign language websites and expanded the reach of our existing ones; 22% of our global online traffic now comes from the local language sites. Dow Jones Newswires continued to be the indispensable provider of financial news and information to the world’s economic leaders.
We’ve achieved all this by pursuing the simple objective of rigorous, reliable and rapid reporting of the stories that matter.
In a bewilderingly competitive news field, scoops are the only guarantee of survival. The list of our exclusives this year – scoops that moved markets, changed policy, transformed perceptions or simply left readers everywhere better informed – is too long to capture exhaustively but here are some of the highlights:
In business and finance we broke many of the biggest stories of the year: Kodak’s bankruptcy moment, J. P. Morgan’s Whale of a problem, all aspects of Facebook’s flawed IPO, the Fed’s latest experimentations with monetary policy, a succession of insider trading revelations, the bid for the NYSE by ICE, groundbreaking reporting on the digital invasion of our privacy.
In politics, we dominated the most remarkable story to have come out of China in the last 20 years: the fall of Bo Xilai and his wife and the murder of a British businessman, and its ramifications for a country in transition. In Europe we had market-moving enterprise stories on Europe’s debt crisis. We broke important news in investigating the lethal attacks on the US compounds in Benghazi. We uncovered new evidence of high-level corruption in Afghanistan. We had a number of important scoops on national security and intelligence, especially on the rise of the drones in US defense policy. We reported first on the disturbing rise in the incidence of tuberculosis around the world.
Significantly, these business and political scoops came from reporters and reporting teams in merged bureaux where the lines between who is a Journal reporter or editor and who is Newswires are increasingly irrelevant.
We covered big, complex, moving stories with speed and clarity: our Greater New York team especially distinguished themselves with their coverage of Superstorm Sandy and the tragedy in Newtown. Our Olympics coverage was quite unique – matched only by the intelligence and fun of the rest of our sports coverage through the year.
We analyzed and explained the biggest news stories better, more accurately and with more objectivity than anyone: the US election, the anemic US economic recovery, Europe’s continuing agonies; tensions in Asia, Africa’s rise, Latin America’s fragilities, turmoil in the Middle East, gyrations in global commodity, currency, bond and equity markets, the frailties of the world’s major banks. Our law and healthcare coverage was outstanding: memorably, we managed to be the first news organization to report that the Supreme Court had actually upheld Obamacare, and not that it had declared it unconstitutional, as some of our competitors did.
Our feature writing in arts and culture, fashion, health, entertainment and lifestyle was first-class and comprehensive – from Personal Journal and Arena to Review and Off Duty and WSJ Magazine, with of course Mansion already firmly established as the finest publication about aspirational property anywhere between the Hamptons and Silicon Valley (or between Monte Carlo and Fiji, for that matter)
It can be invidious and unfair to highlight one particular achievement but I am going to do that. The story that for some reason especially stands out in my head was “Bald is Powerful,” a widely read and admired examination of the irresistible rise of the follicly challenged in the business world.
So we advance, fearlessly and in some cases, hairlessly, from a position of strength, but more mindful than ever of the need to adapt quickly to meet the daunting challenges that confront the news business.
We have a great opportunity, if we get our strategy and execution right in the next few years, to be something unique and profitable for the long term: the dominant provider of financial and economic news and information for a growing global audience willing to pay for quality business news – in real time, digital and print formats – while at the same time being a full read for a broader audience that is increasingly discovering the richness and range of Journal journalism.
So here’s what we need to do in 2013:
Even More Scoops
As good as we have been in 2012 , we can get better. We should be dominating news coverage of all the important business and financial sectors globally, breaking the biggest stories as well as exploiting our expertise to analyze and explain them in real time: for the Newswires and online, and in more depth for the paper. This should be the overriding priority of everyone at Dow Jones and it will be the measure of our success – individually and collectively.
Unite Our Newsrooms
As I noted earlier, to help us enhance and expand our journalism, our principal immediate task is the completion of the integration of Newswires and the Journal.
This needs to be understood for what it is: a priceless opportunity for all of us. Done right it will significantly enhance our journalistic output. It will strengthen Newswires by increasing the number and frequency of our exclusives in key areas of interest to the business audience and by adding value to those exclusives with quick and concise analysis. It will eliminate needless duplication across the whole of Dow Jones, freeing up resources to deepen our core journalism. And it will produce a genuinely unified news organization that covers the full spectrum of news in a cohesive way across all our platforms.
Almar Latour will lead this process, developing a comprehensive plan and executing it in consultation with colleagues across Dow Jones.
Take Over the World
We will continue to seize the opportunity presented by global economic shifts to expand our presence around the world. We have made rapid advances in the last few years in Asia and Europe but we can do more – there and everywhere. We enjoy the best reputation for business journalism in the world – I’m determined that we will bring that journalism to an ever larger audience worldwide – in English and in local languages.
Technological innovation continues at a dizzying pace. The range and capacity of digital platforms will only multiply and we will need to continue to adapt rapidly to exploit every opportunity to convey our journalism in every form readers use, especially in the mobile space. In an earlier incarnation, I spent almost a decade in television news and I’m especially keen to explore how we might be able to exploit the proliferating opportunities available to us in video.
These are our principal strategic goals for the next year. They are underpinned of course at all times by the most important objective of all – maintaining the very highest ethical and journalistic standards.
In the next few weeks I will host a series of meetings with all Dow Jones news staff – in New York first for US-based staff, then in London and Hong Kong. I’ll fill in some more details of my thinking about the future and I’ll answer your questions.
In the meantime, thank you all for your contributions to Dow Jones’ success this year. I look forward to working more closely with all of you.
by Chris Roush
Eric Hananoki of Media Matters writes about how The Wall Street Journal regularly failed to disclose the election-related conflicts of interest of its op-ed writers.
Hananoki writes, “The paper’s editorial page published op-eds from 12 writers without disclosing their roles as advisers to Mitt Romney’s presidential campaign. It also didn’t regularly disclose columnist Karl Rove’s close ties to the super PAC American Crossroads and the affiliated political organization American Crossroads GPS, two groups which spent a massive sum of money attempting to aid Mitt Romney and various Republican congressional candidates in November’s elections.
“According to a Media Matters review, the Journal published 2012 pieces from the following Romney advisers without disclosing their campaign ties: John Bolton; Max Boot; Lee A. Casey; Seth Cropsey; Paula Dobriansky; Mary Ann Glendon; Kevin Hassett; Michael Mukasey; Paul E. Peterson; David B. Rivkin Jr.; John Taylor; and Martin West.
“An October 2 study by Media Matters found that in 70 percent of op-eds written by Mitt Romney advisers, the Journal failed to disclose the writer’s connections to the Romney campaign. In several instances, the paper failed to disclose an op-ed writer’s connection despite its own news section reporting that the writer is advising Romney.
“For months, the News Corp.-owned publication also failed to disclose that Rove is the co-founder and adviser for American Crossroads and Crossroads GPS, even though Rove’s columns were regularly about the political races that Crossroads was spending money on. Rove’s columns contained optimistic forecasts for Romney and falsehoods against President Obama.”
Read more here.
by Chris Roush
Bloomberg News and its reporters William Selway, Esmé E. Deprez and Alison Vekshin will receive the Feddie, given for work showing the impact of Washington rules and regulations outside the Beltway, specifically how current and projected spending cuts impacted Americans.
The Wall Street Journal will receive the Excellence in Online Journalism Award for its coverage of the Supreme Court’s Affordable Care Act decision.
In an email to the staff on Friday, WSJ.com head Raji Narisetti wrote, “The individual architects of that effort were Peter Landers, Jess Bravin, Tim Hanrahan and Sheila Courter, with key contributions from Brent Kendall, Louise Radnofsky, Mary Lu Carnevale and Janet Adamy. But a large supporting cast across many teams in our newsroom played a key role in us being recognized.
“As Jerry Seib notes: ‘You’ll all remember this as the morning when, paving new ground for us and, really, for journalism, the WSJ scooped everybody not only in words but on video with what the Court decided in essentially upholding the law. Obviously, there’s nothing more important to all of us than getting the mix of print, online and video journalism right for the 21st century. Here’s a sign we’re making a lot of progress down that important road.’
Realls Alex Martin: ‘The dynamic coverage throughout the day was a great partnership of planning and execution between the Washington Bureau and Health and Science Group that kept us faster and smarter than our competitors online and into the next day’s paper.’”
by Chris Roush
The Wall Street Journal is now selling digital subscriptions via Apple’s “Newsstand” service, reports Peter Kafka of All Things Digital.
Kafka writes, “That means Dow Jones’ business newspaper has joined thousands of other magazines and newspapers that market their stuff through Apple’s iTunes store — in exchange for giving Apple a cut of sales, and control over their relationship with their customers. (News Corp., which owns Dow Jones, also owns this Web site.)
“The move is worth noting because up until now the Journal was one of the highest-profile print publishers that wasn’t selling app access via Apple. Earlier this year, Time Inc., which had been the most prominent holdout, also signed on.
“The move means that Apple will retain 30 percent of all subscription revenue the Journal receives from ‘in-app’ sales, and it will retain control of customer billing information like credit card numbers and billing addresses.
“Like other publications, the Journal will be able to ask subscribers to submit their email addresses, a strategy that publishers says has been effective.”
Read more here.