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jerryking : financial_journalism   10

I covered the City for 20 years — here’s what I learnt
March 8, 2019 | Financial Times | by Sarah Gordon |

Sarah Gordon says businesses must do more to improve their image and dispel widespread misconceptions
culture  farewells  finance  financial_journalism  leadership  lessons_learned  noughties  women 
march 2019 by jerryking
The Struggle Inside The Wall Street Journal
FEB. 14, 2017 | The New York Times | David Leonhardt.

The Journal’s newsroom is embroiled in a fight over the paper’s direction.

Many staff members believe that the paper’s top editor, Gerard Baker, previously a feisty conservative commentator, is trying to Murdoch-ize the paper. “There is a systemic issue,” one reporter told me. The dissatisfaction went public last week, with stories in Politico and the Huffington Post. At a staff meeting on Monday, Baker dismissed the criticism as “fake news,” Joe Pompeo and Hadas Gold of Politico reported.

As a longtime reader, admirer and competitor of The Journal, I think the internal critics are right. You can see the news pages becoming more politicized. You can also see The Journal’s staff pushing back, through both great journalism (including exposes on the Trump administration) and quiet insubordination.....The Journal’s opinion pages, of course, have long been conservative. And they have their own tensions: An editor critical of Trump was recently fired, The Atlantic reported. But The Journal’s news pages, like those of The New York Times, The Washington Post and elsewhere, have aspired to objectivity.

One way to understand the fight is through the lens of Fox News. Its former leader, Roger Ailes, knew that the country had become more polarized and that many viewers didn’t want sober objectivity. He also knew that most reporters leaned left, and their beliefs sometimes seeped into coverage.
WSJ  newspapers  Rupert_Murdoch  financial_journalism  biases  WaPo  internal_politics 
february 2017 by jerryking
Back to business
October 17/18, 2015 | FT| By Matthew Garrahan and Ben McLannahan
The party to celebrate Bloomberg Businessweek magazine's 85th anniversary took place under a 21,000lb fibreglass model of a blue whale...
Michael_Bloomberg  New_York_City  BusinessWeek  entrepreneur  financial_data  moguls  mayoral  Bloomberg  financial_journalism 
november 2015 by jerryking
Meet Bloomberg's data-driven Daniel Doctoroff
Aug. 09 2013 | The Globe and Mail |JOANNA SLATER.

Mr. Doctoroff’s job, as deputy mayor for economic development, would include rebuilding the site and pushing ahead with projects envisaged in the Olympic bid....Founded by Mr. Bloomberg in 1982, the firm grew into a global juggernaut that disrupted every field it touched, from market data to financial journalism....Mr. Doctoroff had a yen for precision and a belief in the power of data. To eliminate clutter on his desk, he never touches a piece of paper twice. “I either delegate something, I dump it, or I deal with it,”...Mr. Doctoroff’s mission at Bloomberg is twofold. The first is to sell more terminals – a subscription service that costs more than $20,000 (U.S.) a year per person and offers access to an expanding universe of data, analytical tools and news. Last year was a tough one for terminal sales; Wall Street firms continued to shed staff in what Mr. Doctoroff describes as “the fourth year of post-financial crisis adjustment.”

The second task is to lead the company into other areas and make those investments pay off. Bloomberg has launched what it hopes will become indispensable data products for fields like law and government and also for back-office personnel within finance. Then there’s the media business, which includes a news service, television, radio and magazines, among them Bloomberg Businessweek, which was purchased in 2009. Businessweek still isn’t profitable, but it’s losing much less money than it used to. The magazine, like the rest of the news operation, serves another objective in the Bloomberg ecosystem, Mr. Doctoroff said: heightening the firm’s profile so it can attract more market-moving scoops, which in turn helps to sell more terminals....On his career path: I believe we’re all endowed with a very small set of narrow skills that make us unique. You’ve got to find what that is. Most often what you truly understand makes you unique is something that you’re also going to build passion around. For me – and I didn’t really discover this until I was in my 40s, the line that connected the dots … [is] seeing patterns in numbers that enable me to tell a compelling story which helps to solve a problem. So whether it is helping a candidate get elected or doing a road show for a company, getting a project done in New York or hopefully setting a vision for a company, it’s that narrow skill.
New_York_City  Bloomberg  data_driven  precision  CEOs  organizational_culture  Wall_Street  private_equity  digital_media  disruption  privately_held_companies  Michael_Bloomberg  fin-tech  journalism  pattern_recognition  career_paths  gtd  mayoral  Daniel_Doctoroff  storytelling  product_launches  sense-making  leadership  insights  leaders  statistics  persuasion  ratios  analogies  back-office  connecting_the_dots  scoops  financial_journalism  financial_data  special_sauce  non-routine  skills 
august 2013 by jerryking
On the Market
1 March 2012 | n + 1 | Alice Gregory.

I knew little about. In my interview, I told my future boss that I had never been able to imagine an idea that could be best expressed by painting it. “But,” I added, making exaggerated eye contact, “appreciating art doesn’t mean you can send effective emails. I can write. I can make your job easier for you.” This is the best thing to say in an interview if you are young and unqualified to do anything other than maintain a personal blog. I started three weeks later.....financial journalist Felix Salmon asserted in response that “the entire business of the art world is built on opacity and information asymmetry.” Salmon continued, “One of the weird things about conspicuous consumption in the art world is that for all that it’s conspicuous it isn’t public—outside the big public museums everybody tends to be very secretive indeed about what they own and what they don’t.”.....
art  auctions  Sotheby's  opacity  asymmetrical  conspicuous_consumption  information_asymmetry  provenance  financial_journalism  Felix_Salmon 
may 2012 by jerryking
Document Page: RAMP Now Powers 6 of the Top 10 Financial Media Companies Online
Business Wire
03-15-2011
RAMP, the industry's leading Content Optimization platform for major
online media publishers, today announced that it now powers 6 of the top
10 financial media companies on the web, including CNBC,
ThomsonReuters, FoxBusiness, theStreet, Morningstar, & Dow Jones
Factiva. Financial media has continued to be one of the fastest growing
online media segments, RAMP's Content Optimization solutions drive
content discovery and engagement across video, audio, text and image
content and deliver immediate results for major media companies across
the Web."RAMP's focus on premium publishers continues to deliver success
for our company and our customers," said Tom Wilde, CEO of RAMP. "Tier
one media companies require solutions that can deliver scale,
automation, and cost effectiveness. RAMP's core IP combined with
expertise delivering best in class user experiences has made us the go
to partner for financial media publishers."
online  platforms  digital_media  financial_communications  financial_journalism 
may 2011 by jerryking
The Unwisdom of Crowds
12/22/2008 | The Weekly Standard Vol. 014, Issue 14 | by
Christopher Caldwell. Financial panics still require what Walter
Bagehot prescribed--that practical men violate their own principles.
Common sense is often not much use in a financial panic. This was the
great discovery of Walter Bagehot, the prolific 19th-century essayist
and journalist, who was editor of the Economist from 1860 to 1877. (His
name rhymes with gadget.) in the so-called Anglo-Saxon world, Bagehot's
book still provides the bedrock of policy thinking during financial
emergencies, including our present one.
bailouts  banking  banks  capitalism  economics  economy  finance  financial_crises  financial_history  financial_journalism  panics  policymaking  politicaleconomy  prolificacy  Walter_Bagehot 
october 2009 by jerryking
FT.com / Reportage - A pugnacious pundit Wall Street can’t ignore
July 17 2009| Financial Times | By John Gapper. Profiles
Charlie Gasparino of CNBC. Instead of waiting for newspapers or wire
services to break stories and then getting a chief executive or an
analyst to comment, CNBC strove to produce scoops of its own – and hired
seasoned reporters to find them.
profile  financial_journalism  CNBC  Charles_Gasparino  journalists  scoops 
september 2009 by jerryking
Nouriel Roubini Says Nationalizing the Banks Is the Market-Friendly Solution - WSJ.com
FEBRUARY 21, 2009 | Wall Street Journal | Interview of Nouriel
Roubini by TUNKU VARADARAJAN. Roubini believes that "The problem is that
in the bubble years, everyone becomes a cheerleader, including the
media. This is when journalists should be asking tough questions...
there was a failure there. More financial and business journalists, in
the good years, should have asked, 'Wait a moment, if this man, or this
firm, is making a 100% return a year, how do they do it? Is it because
they're smarter than everybody else . . . or because they're taking so
much risk they'll be bankrupt two years down the line?' In the bubble
years, no one asked the hard questions. A good journalist has to be one
who, in good times, challenges the conventional wisdom. If you don't do
that, you fail in one of your duties."
===============================================
a healthy dose of reality and skepticism is always a good idea.
economics  crisis  ECONOMY  finance  skepticism  nourielroubini  banking  recessions  bailouts  journalists  journalism  nationalizations  hard_questions  financial_journalism  5_W’s  questions 
february 2009 by jerryking

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