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journalismism
Story On Perils Of Rumors Filled With Rumors
How many named sources do you think the Wall Street Journal used in its story on the SEC's crackdown on stock market rumormongering? One: the SEC. And how many anonymous sources? Twelve or more, it looks like, including "a senior official" at the SEC, "people close to the firm" Lehman Brothers, a "person familiar with the matter" and several sets of "people familiar with the matter." Of course, it's impossible to know how many of these citations are the same person appearing multiple times, so the actual number of anonymous sources could be lower. And, to be sure (*cough*), the SEC is ostensibly cracking down only on people who knowingly spreading false rumors for financial gain, which the Journal isn't doing. Further, most reporters consider their anonymously-sourced journalism a step or two above rumors. But if the SEC is going to investigate how some companies profit from derogatory rumors, shouldn't it also look into profit from positive gossip? Stuff like this, from the Journal: More »
jobs
Worldly Marcus Brauchli To Edit The Washington Post
The Washington Post tonight named former Wall Street Journal editor Marcus Brauchli its new executive editor, replacing Leonard Downie Jr. after 17 years. The transition comes thanks to a new publisher, Katherine Weymouth, who wants to put her own stamp on the paper. With Brauchli, it will be hard to avoid doing just that. While the Post has remade itself over the past decade as a local paper with a focus on national politics, Brauchli is basically a foreign news reporter who, prior to a replacing Paul Steiger atop the Journal masthead, edited global and national news. Then again, we hear Brauchli is prepared to sacrifice much of what he has accumulated at the Journal to take the Post gig — and not just the wealth of his experience. More »
kids today
Family Blogger Struggles With Privacy Concerns, Posts Family Photos to Internet
Yes it's fine to post a photo of your adorable child on Flickr, why not? The dangers are: a) perverts will get off on these photos, b) predators will, who knows, decide to kidnap your adorable child because she is soooo cute on the internet, or c) your child will be targeted for online abuse by bloggers somewhere, for some reason. The first two are bullshit. Perverts will masturbate to everything, who cares. You are more likely to abuse your child than a stranger. And finally, as we've tried to explain, all this online abuse of innocent kids is actually directed at their over-sharing parents. So rest easy, Wall Street Journal mommyblogger! Or, like, make the pictures friends-only, as your friends have suggested. Either one. Christ. [WSJ]
newspapers
Why The Journal Won't Fall Apart
From the New York Observer's accounting of the "diaspora" from the Murdoch-owned Wall Street Journal, one would think the business newspaper was melting down under its new régime. The Observer's Koblin lists 24 departures and the exodus tallies with the word reaching anyone with friends at the paper: morale is so low that anonymous leaking provides one of the few sources of entertainment for the more sullen veterans. But Murdoch lieutenant Robert Thomson can take his time on newsroom surgery at the Journal; the patient isn't going anywhere. Let's put aside the fact that most of the departed reporters and editors have been pushed out, or left under the old guard, as an exasperated commenter notes. But, more importantly, even if the Journal's talents were inclined to leave, there's nowhere in today's faltering business media for them to go. More »
journalismism
The world may be in the midst of an awful news drought, but does the once-august Times of London let that keep it from publishing a lively website? No! It is a Rupert Murdoch-owned news source, after all, so up with book burning, red-baiting and medical experiments! If there is no news, make it. I'm looking at you, WSJ.com. [Times of London via Something Changed]
How To Manufacture News
The world may be in the midst of an awful news drought, but does the once-august Times of London let that keep it from publishing a lively website? No! It is a Rupert Murdoch-owned news source, after all, so up with book burning, red-baiting and medical experiments! If there is no news, make it. I'm looking at you, WSJ.com. [Times of London via Something Changed]
journalismism
Reporters Are Not World Class Athletes
The Wall Street Journal has a piece today in which it attempts to scientifically determine the best overall male athlete in the world, by submitting a long list of famous athletes to a panel of exercise physiologists who rank them on this and that. This is the newspaper equivalent of Rolling Stone's "100 greatest albums" list—pointless, and meant to generate argument. But they do settle the issue of who is not the world's greatest male athlete: WSJ reporter Reed Albergotti, who goes up against a top decathlete to prove that reporters are, as suspected, goofy, unathletic white guys. God, what a 'Nilla. Video of Albergotti's good-natured crusade of unathleticism is below. More »
Breaking
Wall Street Journal: Major Editorial Shuffle
More moves at the top at the Wall Street Journal. In two memos to the staff, editor Robert Thomson announces that Deputy Managing Editor Laurie Hays is leaving the paper. He then announces the creation of a "central news desk" helmed by three new Deputy Managing Editors: Matt Murray, Mike Williams, and Nikhil Deogun. In a face-saving move, ethics editor Alix Freedman "will have expanded authority as a defender of the paper's ethical and journalistic standards," rather than being axed. Left up the air: the future of DC bureau chief John Bussey, who had been rumored to under consideration for a promotion. Full memos after the jump. More »
gotcha journalismism
The good news for the Wall Street Journal's editors is that the above story was not moved in violation of its embargo — it ran just after midnight, as apparently required by the originating source. As the Silicon Alley Insider notes,that signals the Journal's adherence to a choreographed style of journalism recently-departed managing editor Marcus Brauchli opposed. The bad news: The fact that the story starts with "EMBARGOED!" signals that the Journal's copy editors are stretched quite thin this summer weekend (the LA Times feels your pain, WSJ). [Silicon Alley Insider]
WSJ Short On Copy Editors, Too
The good news for the Wall Street Journal's editors is that the above story was not moved in violation of its embargo — it ran just after midnight, as apparently required by the originating source. As the Silicon Alley Insider notes,that signals the Journal's adherence to a choreographed style of journalism recently-departed managing editor Marcus Brauchli opposed. The bad news: The fact that the story starts with "EMBARGOED!" signals that the Journal's copy editors are stretched quite thin this summer weekend (the LA Times feels your pain, WSJ). [Silicon Alley Insider]
rumormonger
Claim: Wall Street Journal Page One Staff Dissolved
A tipster is telling us that the Wall Street Journal's fabled Page One staff will be dissolved into the news desk. Page One editor Mike Williams would become a "roving features editor," which sounds much less powerful. The Page One desk is responsible, among other things, for the often breezy but always well-researched A-Hed feature, which has been increasingly marginalized as the Journal's front page gets newsier. Its disbanding would mark only the latest move by new editor Robert Thomson to remake the Journal in the image of the Financial Times, Thomson's former employer and a favorite of ultimate Journal overlord Rupert Murdoch. In fact, the paper's old guard is said by our insider to be grumbling that recent FT-like stories, like the front page article on alleged flaws in the Libor benchmark lending rate, are shoving aside "stories that appeal beyond the circle of Murdoch's friends in the global elite." But not all veteran editors are suffering under a cluster of changes said to be coming down in the coming days. More »
More FT Influence At WSJ
"The Wall Street Journal has hired Financial Times journalists Thorold Barker and Liam Denning, who write the New York content for the London-based paper's popular and influential Lex column." [Guardian]
"The Wall Street Journal has hired Financial Times journalists Thorold Barker and Liam Denning, who write the New York content for the London-based paper's popular and influential Lex column." [Guardian]
corrections
Really, the Wall Street Journal should not toy so shamelessly with the many people who subscribe to the business newspaper, are avid fans of country teen sensation Miley Cyrus and own Wal-Mart stock. Sobs will no doubt be heard at trading desks and in executive suites throughout the morning. [WSJ]
Crushing Blow To Plutocrat Miley Cyrus Fans
Really, the Wall Street Journal should not toy so shamelessly with the many people who subscribe to the business newspaper, are avid fans of country teen sensation Miley Cyrus and own Wal-Mart stock. Sobs will no doubt be heard at trading desks and in executive suites throughout the morning. [WSJ]
breaking
Journal Casualty To Spend More Time With His 'Broader Issues'
Murdoch golden-boy Robert Thomson was expected to purge the Wall Street Journal's senior ranks after taking full control of the newspaper's editorial operation. And so it begins: deputy managing editor Bill Grueskin is leaving the paper for Columbia's journalism school. Grueskin was one of the Journal veterans most resistant to the will of Rupert Murdoch's News Corporation, the newspaper's new owner; so his departure is not a surprise. Next on the list: 'ethics' editor Alix Freedman, whose title alone must be offensive to the Australian media mogul and his lieutenants. Given the exodus of senior staff from the Journal and other newspapers, she'd better hurry if she too is to secure one of those few remaining places in j-school heaven. (After the jump, Grueskin's exit note in which the Journal editor hopes laughably he'll be free to focus on the "broader issues" of journalism.) More »
journalismism
Murdoch On "Ridiculous" Journal Editing (And Obama)
When News Corp. chairman Rupert Murdoch decided to sit down for a rare, on-camera interview, it was of course with two reporters from his own media empire, Walt Mossberg and Kara Swisher of the Wall Street Journal. In this clip from the Journal's D conference in Carlsbad, California, Murdoch explains how he thinks the Journal and Times will be competing aggressively with one another on all stories — business, political or otherwise — within just "a few months." He also rants about how it's "ridiculous" that an average of 8.3 editors looks at a typical WSJ story, inevitable expanding it beyond reason. "People don't have time for it — there's not a story that you can't get all the facts in (within) half the space." Also: Murdoch confirms he was involved in the Post's decision to switch its allegiance from Democratic presidential candidate Hillary Clinton to Barack Obama. More »
new initiatives
How to Juggle Work and Shoes: Wall Street Journal's New Section for Ladies!
The Wall Street Journal launched a new section on its website today, Journal Women. It's a separate but equal page for ladies—just like synagogue. Yet, according to the lead article in their new section, the separation may not be necessary: "Conventional wisdom says women and men want different things out of their jobs. But a new study says that's not true — women want the same things as men, they just don't get them." But here's an article on high heels—did we know? They're a total bitch to commute in. The following excerpt on this topic leads me to believe... boy, maybe we do need our very special, remedial section of the Journal. More »
Let's Eliminate The Middle-Man
Portfolio's Jack Flack parses News Corporation's announcement that Murdoch lieutenant Robert Thomson will himself take the editorial direction of the Wall Street Journal.
Portfolio's Jack Flack parses News Corporation's announcement that Murdoch lieutenant Robert Thomson will himself take the editorial direction of the Wall Street Journal.
no fatties
