Tag Archives: Wall Street Journal

WSJ_sunday

Changes coming to Sunday Wall Street Journal

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David Crook, the editor of The Sunday Wall Street Journal, writes about changes coming to the content that runs in metro dailies across the country.

Crook writes, “We’re happy to announce that veteran financial journalist Jonathan Clements is returning to Sunday Journal, where he will write weekly on investing and personal-finance issues.

“Longtime readers will remember Jonathan’s no-nonsense, down-to-earth advice was a mainstay of the Sunday Journal until his departure in 2008. New readers are certain to find Jonathan’s column a refreshing antidote to the blather that passes for investment advice on television, the Web and, too often, in print. Jonathan’s column will run online at MarketWatch.com.

“Here are some other changes to watch for:

“Carolyn T. Geer is refocusing her every-other-week Investing Basics column, personalizing it with stories from her own family along with stories from her friends and acquaintances, readers and, from time to time, even some boldface names.

“Anne Tergesen, who has long been writing an abbreviated retirement-related Encore item, will now write a full column, alternating with Tom Lauricella.

Jennifer Waters, who has been writing a monthly Personal Business column devoted to answering reader questions about Social Security, Medicare, Medicaid and other government benefits, will now write every other week. Her column will be called Your Benefits. Starting Out, Health Costs and Careers will continue to appear on weeks when Your Benefits doesn’t run.”

Read more here.

James Graff

WSJ names new World desk editor

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Wall Street Journal world editor Adam Horvath sent out the following announcement on Friday:

I’m glad to announce that James Graff is starting as the newest editor of World coverage in New York. James is an experienced editor and foreign correspondent whose career has ranged from covering the war in Bosnia for Time to helping build a world news operation for AOL.

Since 2010 he has been the Executive Editor and second-in-command of The Week, the 550,000-circulation magazine that was ahead of its time in building its success through aggregating news. Before taking that post James was AOL’s World editor, an immersive experience in online news issues. He spent 20 years at Time, as bureau chief in Canada, Eastern Europe, Brussels and Paris before becoming a senior editor based in London, where he supervised 16 correspondents. He oversaw print magazine layouts and the online management of Time.com in the European day, trading off with counterparts in Hong Kong and New York. James speaks four languages – ask him which when you meet him. He earned a postgraduate degree in Munich, taught a course at Sciences Po in Paris, and graduated from University of Chicago.

Thanks for already welcoming James and please continue to do so!

Jo Craven McGinty

WSJ hires Pulitzer winner McGinty for numbers column

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Wall Street Journal U.S. editor Jennifer Forsyth sent out the following staff hire announcement on Friday:

We’re thrilled to announce the hiring of Jo Craven McGinty as a columnist to tell the tale behind numbers in the news. She will be a successor to Carl Bialik, who wrote the Numbers Guy column for eight years. (Obviously, the name will change.)

This column has been influential and well-read, bringing deep and entertaining analysis to news events and the use—and misuse—of statistics. Jo’s hiring is the first step in a plan to enlarge the scope and reach of the column; more on that soon.

A Pulitzer Prize winner, Jo is one of the country’s foremost data reporters. She comes to us from the New York Times, where her subjects included disparities in hospital billings, deadly railroad crossings and favoritism among banks in the Fed’s lending program. She also wrote a fun first-person piece for the Dining section on how she set up a database of recipes that pops out a list of groceries she needs for a given week, complete with what grocery-store aisle the ingredients are on.

Jo worked as an enterprise reporter at Newsday, as a professor of computer-assisted reporting at the University of Missouri School of Journalism and as adviser to Investigative Reporters and Editors. Before that, she was a database specialist at the Washington Post, where her research led to the 1999 Pulitzer for Public Service and the Selden Ring Award for Investigative Reporting for a series on the use of deadly force by DC police.

Earlier in her career, she held a number of reporting and editing jobs in her native North Carolina.

Wall Street Journal

WSJ named most influential biz news outlet; Sorkin named most influential biz journalist

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The Wall Street Journal remains the most-influential financial news organization in the country, according to survey results released Thursday.

The Journal was nominated as the most influential financial news organization by 83 percent of the nearly 500 financial journalists who responded to the survey in November and December. Bloomberg News was second with 58 percent,m while the New York  Times was third with 31 percent. The Financial Times moved up to fourth, while Reuters moved down a spot to fifth.

The survey, done by DePaul University professors Matt Ragas and Hai Tran, was released Thursday by Gorkana. It also found that financial journalists are slightly less positive on the health of business journalism they they were two years ago.

“The small uptick in negative opinion could be due in part to layoffs over the past year by major business news organizations like Bloomberg News, Thomson Reuters and Dow Jones,” the study noted. “While the outlook for financial journalism remains stronger than in many other areas of journalism, these reductions do not help instill confidence.”

Andrew Ross Sorkin of the New York Times and CNBC was named the most influential business journalist for the second time in a row. However, coming in second, was Jon Hilsenrath of The Wall Street Journal. Hilsenrath was not listed among the most influential when the survey was last done two years ago.

When relying on sources, business journalists said academic experts are the most credible, followed by a company CEO and then a technical expert in the company.

The survey can be found here.

wall-street-journal-logo_20110715210549

WSJ names central banks projects specialist

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Nell Henderson, global central banks editor in Washington for The Wall Street Journal, sent out the following announcement:

We are delighted to announce the appointment of Paul Hannon as our Central Banks Editor/Project Specialist, based in London.

We expect Paul will play a vital role in expanding and deepening our coverage of central banks around the world, particularly in the U.K. and Europe. His experience suits the new post perfectly. He joined Dow Jones in 1993, initially reporting on the development of emerging markets, culminating in the crises of 1997 to 1999. After 2000, he wrote about European economies, including central banks. From the mid-2000s, he managed teams of reporters who covered economics, central banks and the bond markets, and who were heavily involved in reporting on the financial crisis and the euro-zone crisis that followed.

He was born in Nigeria and grew up in Ireland, graduating from Trinity College Dublin with a BA and a Masters of Literature in Economics.

Paul will report to Nell Henderson in Washington D.C. while also working closely day-to-day with Dagmar Aalund in London.

Please join us in congratulating Paul on his new role.

Gerard Baker London

WSJ is embracing the digital revolution

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Wall Street Journal managing editor Gerard Baker spoke Monday at the City University of London, and Journal social media editor Sarah Marshall took notes about his talk and posted them on Google Docs.

Here were some of Baker’s points, according to Marshall:

5 key things the Journal is doing that news orgs need to pursue

1. To genuinely embrace the digital revolution. News orgs need to completely change the culture. “We have to fundamentally rethink our product and reshape it for the digital age,” says Baker.

2. We need to be genuinely independent. You cannot become dependent on the companies on which you are reporting. We need to be mindful of journalistic ethics and standards.

3. We need to get the balance right in our journalism. “The primary function is accountability,” Baker says. The public sector and the corporate sector need to be held to account.

4. Business news orgs need “a higher degree of specialisation”. People talk about niche content in digital, focusing on specific areas. There’s still a role for a wider role, but there are business opportunities for offering specialised “verticals”, specialising on particular areas. Today launched a vertical aimed at media and marketing. It’s called CMO today.

5. There is an opportunity to become a genuinely global business news organisation. And as emerging economies arrive on the world stage there is a huge opportunity for a news org like the Journal. The Journal will be making a push in the next year or so to do that.

The demand for honest, fair business journalism is not going away, there’s a huge audience for that, says Baker.

Read the rest of Marshall’s notes here.

David Bird

Search resumes for missing WSJ reporter

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New Jersey authorities have resumed searching for missing Wall Street Journal reporter David Bird, who has been missing since Jan. 11, reports Louis C. Hochman of NJ.com

Hochman writes, “Hundreds of people had been involved in the search for Bird, 55, after he went out for a walk Jan. 11 and never returned. For several days, rescuers from several area agencies amassed in and around Long Hill, looking through fields, checking the Passaic River and its banks and knocking on doors. State Police flew overhead as dive teams ventured into the river. County Park police were out looking on horseback and on ATVs,

“Outwardly visible signs of that search died down over time.

“‘During the winter months and extreme weather the investigatory portion of the investigation had continued,’ police said in the Facebook update. ‘All leads were followed up on and unfortunately there has been no confirmed information that would assist with locating David Bird.’

“Bird is required to take medication for a liver transplant twice a day, police have said. He left the medication home when he went out for his walk, they said.”

Read more here.

CMO Today

WSJ launches CMO Today

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The Wall Street Journal rolled out Monday its new CMO Today product aimed at chief marketing officers and advertising executives.

The news of the product was originally reported earlier this month by Talking Biz News.

CMO Today will take a deep and investigative look at all aspects of marketing, including how social and mobile are transforming the industry, along with how television and print media are endeavoring to keep up.

“CMO Today allows us to expand our coverage of some of the most interesting and fast-changing parts of the advertising and media businesses, where digital technology is intersecting with marketing,” said Martin Peers, the WSJ’s media and marketing bureau chief, in a statement

The new vertical has a full time staff of five, headed up by the WSJ’s newly-appointed Advertising Editor, Suzanne Vranica, who has nearly 15 years’ experience covering Madison Avenue at the Journal.

Other members of the CMO Today team are Mike Shields, formerly digital editor of Adweek and previously a senior editor at Digiday, who in the late 1990s through early 2000s himself worked on Madison Avenue as a media buyer at ad agency Lowe Worldwide; Jack Marshall, formerly of Digiday, who has recently authored investigations of fraud in online ad networks; Nathalie Tadena, formerly of Dow Jones Newswires who most recently worked at data analytics firm Dataminr; and Steven Perlberg, who joins the Journal from Business Insider, where he covered Wall Street and finance.

Wall Street Journal

WSJ accused of violating video privacy law

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Dow Jones & Co. has been hit with a potential class-action lawsuit accusing it of violating federal video privacy laws with the Wall Street Journal‘s Roku app.

Wendy Davis of MediaPost.com writes, “Georgia resident Terry Locklear alleges in her complaint that the news company’s app automatically transmits information about the Wall Street Journal Live clips that users view — along with the serial number of their Roku devices — to the analytics and video ad company mDialog. Locklear argues that this activity violates the Video Privacy Protection Act, which prohibits video providers from revealing consumers’ personally identifiable information without their written consent.

“‘Unbeknownst to its users … each time they view video clips or news reports, the WSJ Channel sends a record of such activities to an unrelated third-party data analytics and video advertising company called mDialog,’ she alleges in her lawsuit, filed last week in U.S. District Court for the Northern District of Georgia. ‘The complete record is sent each time that a user views a video clip or news report, along with the serial number associated with the user’s Roku device.’

“Locklear asserts in the complaint that a Roku’s serial number is a ‘persistent identifier’ that can be matched with users’ identities to reveal ‘a wealth of extremely precise information’ about them. ‘Software applications that transmit a Roku’s serial number along with the user’s activity provide an intimate look into how the user interacts with their channels, which can reveal information such as the user’s political or religious affiliation, employment information, articles and videos viewed, and even detail about the sequence of events in which the user interacts with their Roku,’ she alleges.

“Dow Jones did not respond to a request for comment.”

Read more here.

Stock-Market

Study: Stock market blogs beat financial news articles

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The tone of stock market opinion blogs published on investor forum SeekingAlpha.com predicted stock returns, as well as earnings surprises, above and beyond what was evident from Wall Street analyst reports and financial news articles, according to researchers from City University of Hong Kong, Purdue University and the Georgia Institute of Technology.

Yuliya Chernova of The Wall Street Journal writes, “The researchers also noted that Seeking Alpha predicted stock returns above what was evident from news articles. The report used news stories published on Dow Jones News Service, which is a part of Dow Jones & Co., publisher of The Wall Street Journal. Dow Jones declined to comment.

“Overall, the findings fit with prior analysis in other fields on the way crowds can outsmart, or at least be just as smart, as professionals. Studies have shown, for example, that Wikipedia accuracy is similar to that of Encyclopedia Britannica.

“Crowd platforms have other advantages over professionals, besides accuracy — Seeking Alpha, for example, covers a greater stock universe than stock analysts, and Wikipedia has more subject entries than Encyclopedia Britannica. Plus, both get updated and revised as things change more quickly than their professional counterparts, Dr. Hu said.”

Read more here.