Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 259

The financial news business in the U.S.

Posted by fidest press agency su sabato, 10 ottobre 2009

Among the changes sweeping through the financial news business in the U.S. has been the rising influence of what CJR’s online business desk, The Audit, calls the Anglo-Australian model. The most jarring manifestation was the 2007 purchase of The Wall Street Journal’s parent, Dow Jones & Co., by News Corp., which within months had jettisoned the paper’s incumbent editor and installed its own, mostly Anglo-Australian, team. Almost as important has been the steady rise here of the London-based Financial Times. The salmon-colored broadsheet has seen its circulation (paid print and online) hit 542,000 as of last August, up 3 percent from a year earlier in a bad year, while its U.S. edition has grown to 143,000 from zero when it was introduced in 1997. The FT has an outsized impact on the U.S. financial conversation. Its influence has been most clear, perhaps, in the FT-like innovations the Journal itself has adopted. Lionel Barber has presided over much of this. An FTer since 1985, he headed the U.S. edition from 2002 to 2005, then was named editor of the FT overall.  Audit chief Dean Starkman has a fascinating Q&A, below.  Meanwhile, The Audit’s Ryan Chittum has praise for Bloomberg News today for a solid look at stock-research and the conflicts that still pervade the Wall Street research business seven years after Eliot Spitzer’s campaign to clean that corrupt area up.  But Starkman has trouble wading through the writing in an another otherwise decent Bloomberg piece about Barney Frank and his bill, which lobbyists and New Democrats are trying  to blunt. Bad writing, he points out, wastes good reporting. Bad headlines too.  And finally, Ryan has some quick links for today: interesting stories from The Associated Press, The Washington Post, Reuters, and the Journal.

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