A Tribute to Forbes’ Jim Michaels: Editor for All Seasons

Jim Michaels in person is an imposing guy — more fully endowed with intellect, talent and leadership ability than most mortals. Keeping the adjectives to a minimum, let’s just say he’s more incisive and articulate than anyone you are ever apt to encounter. He had a clear sense of Forbes’ journalistic mission from the start, and has pursued it consistently for three decades — varying only the ways and means of executing it, as a great editor must, in order to keep his readers coming back for more.

In dealing with his people, Jim is kind, gentle, even funny one moment, but he can be scathing and impatient the next. Whichever man you encounter, it is the real Michaels. There is not a phony or pretentious bone in his body. He does, however, know exactly how to motivate each of his key people — whom to pressure, whom to cajole, whom to keep guessing.

Many prominent magazine editors become policy setters and corporate gladhanders. They go to board meetings, do talk shows, and make commercials. Not Michaels. In the 1990s he may spend more days at his county place in the Hudson Valley, but from there he still cranks up his modem and manhandles writers’ copy — stunning them, as ever, with how easily he can chop a story in half and make it sing. Like him or not, every writer who’s worked for Jim Michaels will swear that he’s the greatest editor who ever tore a story apart. Front line generals like that get troops to follow them into battle.

Photo:  Jim Michaels, center, with his wife Jean Briggs and veteran Forbes columnist Jerry Flint.
© 2000 TJFR Group.  All rights reserved.



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December 04, 2007

CNBC 's David Faber Wins 2 Emmy Awards for Business and Financial Reporting

ENGLEWOOD CLIFFS, N.J., December 4, 2007 – CNBC received two Emmy Awards for Business & Financial Reporting, which recognize outstanding achievement in business and financial reporting. The 5th annual awards were presented by the National Academy of Television Arts & Sciences (NATAS) in a luncheon ceremony held at the Rainbow Room in New York City.

Faberdavidcnbc07200 We are honored to be recognized with two Emmy Awards for Business & Financial Reporting," said Mark Hoffman, CNBC President.  "These awards represent CNBC's goal and commitment to continually provide viewers with the in-depth news and information they have come to expect from us."

CNBC's monthly primetime business news magazine, "Business Nation," won in the category of Outstanding Investigative Reporting of a Business News Story-News Magazines and Long Form for its piece, "Prescription....and Pay-offs," reported by CNBC's David Faber, chief correspondent of "Business Nation."  CNBC's Mitch Weitzner is executive producer and Alison O'Brien served as a producer on the story.

CNBC also received an Emmy award in the category of Outstanding Documentary on a Business Topic for the network's two-hour original documentary, "Big Brother, Big Business," reported by CNBC correspondent David Faber. CNBC's VP Long Form and Special Programming, Josh Howard, served as executive producer and additional credits include producer Lori Gordon, coordinating producer Alison O'Brien and editor Patrick Ahearn.

November 29, 2007

Jim Cramer Inks Multi-Year Deal to Remain with CNBC

ENGLEWOOD, N.J., November 28, 2007-CNBC today announced that Jim Cramer, host of "Mad Money w/Jim Cramer" (6PM & 11PM ET), has signed a multi-year deal to remain with the network.

"Jim has played an integral part in CNBC's rebirth. He is not only one of the most respected and successful Wall Street minds but also happens to be a great entertainer," said Mark Hoffman, CNBC
President. "I'm thrilled Jim will remain part of the CNBC family. When Jim Cramer speaks, people listen, and so does the market."

In addition to hosting "Mad Money," Cramer will continue his "Stop Trading" segment with CNBC's Erin Burnett during "Street Signs" (2PM-3PM ET). Cramer will also begin contributing original content to the "Mad Money" homepage (madmoney.cnbc.com) on CNBC.com, the network's official website.

"With my program, CNBC has given me the opportunity to break down the traditionally complicated stock market to engage and educate the next generation of Wall Street investors," says Jim Cramer. "Doing 'Mad Money' everyday is my passion and I'm excited to be a part of this incredible network. This is the only team I want to play for."

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November 27, 2007

MarketWatch.com Names Therese Poletti, Benjamin Pimentel to Editorial Team Covering Technology

SAN FRANCISCO, Nov. 13, 2007 (PRIME NEWSWIRE) -- MarketWatch.com has named Therese Poletti technology columnist and Benjamin Pimentel technology reporter.

Poletti, an award-winning staff writer at the San Jose Mercury News for the last seven years, will deliver real-time breaking news commentary to MarketWatch.com's audience of institutional and retail investors while providing fresh views of large, ongoing news topics in technology. Pimentel, previously a reporter with 14 years of experience at the San Francisco Chronicle, will cover manufacturers and fabrication equipment vendors in the semiconductor industry.

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November 26, 2007

Newsweek Circulations Falls Almost 20%

Newsweek magazine reported this month (November 2007) that it is cutting its advertising rate base to 2.6 million from 3.1 million, a measure of declining circulation.

November 25, 2007

Women Exerting More Influence in Business Journalism

Like sports journalism, business journalism was long the near-exclusive bastion of male reporters.  With a few notable exceptions -- such as Carol J. Loomis of Fortune and syndicated personal finance columnist Sylvia Porter -- few women before the 1970s merited a byline in the eyes of their male editors.

Well, brothers and sisters, the times they have a-changed.

At some influential news organizations, the number of female editorial business news staffers today surpasses that of men.  Moreover, slowly, but surely, women are taking the reins at a growing number of influential business news outlets.  Consider our list -- in progress -- below.  We welcome your suggestions for additional names to include.

Photo:
Fortune's Carol J. Loomis
© 2001 TJFR Group, Inc.  All Rights Reserved
========================================================================
Alphabetical by News Organization:


CFO:  JULIA HOMER

CNBC:  PATTI DOMM (Executive Editor, News)

Entrepreneur:  RIEVA LESONSKY

Financial Times:  CHRYSTIA FREELAND (U.S.)

Inc.:  JANE BERENTSON

(Conde Nast's) Portfolio:  JOANNE LIPMAN

Reuters America:  BETTY WONG
Bisbeebecky01
Seattle Times:  BECKY BISBEE (Business Editor)
(Photo at right: (c) 2001 TJFR Group, Inc. All rights reserved.)

Wall Street Journal:

  •  LAURIE HAYS (Deputy Managing Editor/Projects)
  •  ALIX FREEDMAN (Deputy Managing Editor/Ethics)
  •  CATHY PANAGOULIAS (Assistant Managing Editor/Recruitment)

See Also:  Women on Top Rungs of Biz-News Ladder (1988)

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Dennis K. Berman is a NewsBios Bylines Boxscores™ M.V.P.

For the 12-months ending September 30, 2007 no reporter or editor at The Wall Street Journal had more bylines in the financial daily than Dennis K. Berman, its Mergers & Acquisitions czar.

Indeed, in terms of absolute byline count Berman had almost 25% more total bylines than his nearest colleagues, Justin Lahart and Peter A. McKay.

Berman also ranked in the top 10 for total byline points (weighted) and tied with Greg Ip for the most  front page byline points during the previous year.

Republican's Run Into Economic Resentment Says Alan Murray of The Wall Street Journal

"It's going to make it very difficult for any Republican to get elected in any national election," says The Wall Street Journal's Alan Murray of the resentment that has arisen from the economic uncertainty facing much of the nation.

That is one sentiment Murray expressed during an interview with Frank MacEachern of the Stamford (CT) Times, during an interview prior to Murray's October 22, 2007 before the Stamford World Affairs Forum.  Murray's speech was hosted by Pitney Bowes Inc., at the Pitney Bowes global headquarters, MacEachern reported.

The Times reports that Murray believes "America's direction in economic affairs is now in the hands of Democrats who are increasingly taking a skeptical look at globalization and free trade."

New York Times' Floyd Norris on Panel at Harvard University

A panel of four journalists and academics debated the media's ability and responsibilty for forecasting economic trends, such as the ongoing subprime mortgage crisis and the dot-com bubble.

As reported November 2, 2007 in the Harvard Crimson by Athena Y. Jiang, the panelists included Floyd Norris, chief financial correspondent for The New York Times and Jane B. Quinn, a contributing editor at Newsweek.

According to Jiang, Norris said the media did its job in predicting problems ahead, but the public was in no mood to listen.  "Eventually I got tired of writing how crazy the stock market was," Norris said referring to the high-tech bubble.

BusinessWeek Cover Story: Fresh Pain for the Uninsured

Readers of BusinessWeek have 50 or so opportunities each year to learn what topics Editor-in-Chief Stephen J. Adler feels merit "Cover Story Treatment."  While other BW journalists research, report and write these high-profile features, make no mistake that it is Adler whose imprimatur can be found on each of them.

If you want to know Steve Adler, read the cover story in BusinessWeek.  It will tell you gobs about how he thinks.

--Dean Rotbart
Executive Editor
NewsBios.com


Recent Business Week Cover Stories:

December 3, 2007 -- Fresh Pain for the Uninsured
     By:  Brian Grow and Robert Berner
     With:  Jessica Silver-Greenberg




In-depth dossier available now from www.newsbios.com.  Phone 866-NEWS-070, ext. 2.

BusinessWeek's Stephen J. Adler's Top Lieutenants (December 3, 2007)

Stephen J. Adler is BusinessWeek's editor-in-chief. What follows is a listing of his top lieutenants. For in-depth profiles of any of them, visit NewsBios.com or call us at 1-866-NEWS-070:

Editor-in-Chief

Stephen "Steve" J. Adler (212-512-3366)

Executive Editors:

John A. Byrne (212-512-2511)
Ellen Joan Pollock (212-512-2511)


LIST CONTINUES

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Is The Wall Street Journal's Dennis K. Berman a Civil War Buff?

Dennis K. Berman is best known for writing about the Mergers & Acquisitions industry for The Wall Street Journal.  Indeed, he has been one of the paper's most prolific and highly visible staffers over the past year.

But might Berman be a secret civil war buff?

Our NewsBios researchers have uncovered an article that Berman penned in the July/August 2001 edition of American Heritage magazine that strongly hints that Berman may have more than a passing interest in the Blue v. Gray.

Berman's "Creating the Ultimate Civil War Resource" tells the story of the man behind www.civilwardata.com, a web site offering millions of personnel records pertaining to soldiers who fought in the Civil War.

"It's all tedious work, and it can get especially maddening for [founder Richard] Dobbins when he's trying to make out frilly handwriting preserved on aging microfiche," Berman wrote.  "Still, he grinds on.  For him, the job is something of a higher calling, a public works project of the Digital Age."

NewsBios is only speculating, but we wouldn't be surprised if Berman first pitched the article about Dobbins -- a former fund manager -- to The Wall Street Journal, which wasn't interested at the time.  So Berman may well have shopped it to American Heritage.

What difference does any of this make?  Only this.  Berman is one of the nation's 100 most influential business journalists.  For those who encounter him in a professional capacity, there is no such thing as knowing too much about his thinking and motivations.

November 24, 2007

Did Google Get Fortune's Andrew Serwer to Pull His Blog Post?

Did Google get Fortune managing editor Andrew Serwer to spike an October 19, 2007 blog post discussing the upcoming nuptuals of Google Inc. co-founder Larry Page to girlfriend Lucy Southworth?

Ordinarily such Internet gossip might be easily dismissed.  But in this case the person asking the question is Peter Cohan, a contributor to BloggingStocks.com, which like Fortune is owned by Time Warner.

Cohan says it's clear that Serwer's post was available on line and then it disappeared, banished even from Google's cache.  (He cites as his source another web site, Valleywag.)  "Valleywag now suggests that the wedding could be held on Richard Branson's Necker Island," Cohan says.  He asks readers to comment if they have any knowledge of why the Serwer piece was yanked.  As of November 22, no reader has responded.

November 23, 2007

NYTimes.com Launches Enhanced Technology Section Overseen By Lawrence Ingrassia

Redesigned Section Includes Content From Around the Web
Blogrunner Aggregates the Most Relevant Technology News

NEW YORK--(BUSINESS WIRE)--NYTimes.com today launched an expanded and enhanced version of its technology section (www.nytimes.com/technology) with a different look, further aggregation of top publications and more tech news updates throughout the day. New content providers to the section, IDG Media Brands and paidContent.org, will contribute their reporting to The Times’s coverage of breaking news. Content feeds are provided by Blogrunner.com, a feed aggregator owned by the Times Company that monitors blog postings and the online conversations they inspire. The enhanced section offers readers a more comprehensive understanding of the technology industry, companies and trends, as well as a breakdown of policy issues affecting the business of technology.

The technology section fully integrates Blogrunner with a module on the section front that features frequently updated links to other sources reporting on technology, both blogs and traditional media publications, chosen by Times editors for their significance. This editing process enables readers to get a thoughtful overview of the day’s top print and online coverage, all on one site.

“This new site further enhances The New York Times’s dominant position among the influential readers who frequent our business and technical sections,” said Vivian Schiller, senior vice president and general manager, NYTimes.com. “With the deployment of Blogrunner to aggregate the most relevant content from around the Web, we will further solidify our position as the online ‘must-read.’”

“This section is essentially all you need to understand everything that is happening, on any given day, in the world of technology,” said Lawrence Ingrassia, business and financial editor, The New York Times. “With our reporters breaking news throughout the day on the BITS blog and the aggregation of the best outside content, Times readers will be able to find, consolidated in one place, the most critical and compelling stories about technology each day.”

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November 01, 2007

Stephen J. Adler Explains Redesign of BusinessWeek

Stephen J. Adler, editor-in-chief of BusinessWeek, says the relaunch of the 78-year-old magazine is aimed at keeping apace with the harried lives of the magazine's 4.8 million weekly readers.

"...we live in your world -- one of intense time pressure, global competition, information overload, and relentless change," Adler writes in his Editor's Memo. "And like you, we can't stand still."

Adler told The New York Times:

"We're seeing a reader who is much busier than ever. But if you really add tremendous value to the reader, and they're deeply engaged in the material, the broad premise is: that's good for everyone -- the consumer and the advertiser."

Adler has been at the top of the BusinessWeek masthead since April 2005.

Trade Pub Names Portfolio's Joanne Lipman One of 2007's Most Intriguing People

min magazine, which keeps watch over the magazine and publishing industry, has named Portfolio magazine's Joanne Lipman one of the 21 Most Intriguing People in Publishing, 2007.  Joining Lipman on the list is her Portfolio colleague, David Carey, publisher.

NYT's Floyd Norris Has Appeared Periodically as an Expert on PBS' Charlie Rose Show

With its large and sophisticated audience, the Charlie Rose show on PBS is a plum venue to earn public respect as an expert.  Which is exactly what has happened to New York Times' Floyd Norris, who is periodically tapped by the public television show to discuss business and financial news.

Most recently, Norris, chief financial correspondent for the Times, was featured in a September 18, 2007 (photo) discussion on the Federal Reserve's rate cut.

On August 7, 2007, Norris and journalist Katherine Burton discussed the credit squeeze.

These WSJ Reporters Hold Claim to the Paper’s Prime Real Estate (March 2007)

More than 900 total bylines appeared on the front page of the U.S. edition of The Wall Street Journal in the six-month period ending March 31, 2007.

Page One of the Journal remains one of the most influential corners of news real estate in the business and financial journalism profession.

Of those whose bylines graced the Journal’s front page, just eight reporters can boast that they wrote or contributed to ten or more page one articles.

How did the reporter covering your company or clients stack up against his or her colleagues for number and quality of bylines?

Washington D.C.-based Jackie Calmes, a Journal veteran who writes on the intersection of politics and economics, led her colleagues not in shear number of Page One bylines but in terms of their NewsBios’ weighted value.

(Since October 1, 2006, NewsBios has tracked each and every reporter whose byline appears in The Wall Street Journal – including reporters for sibling news organizations such as MarketWatch and Dow Jones News Service. The NewsBios databases note each reporter’s total byline count, location of bylines, and “byline points” based upon a proprietary weighting system to separate ordinary bylines from high-visibility bylines.)

Calmes posted five solo Page One stories and five additional co-written pieces. Her efforts just edged out colleague Mark Whitehouse, who had the same number of solo front page articles but fewer shared bylines.

While comparing bylines isn't the only measure of influence for reporters at a news organization, it is an important component. Editors at most major news organizations keep track of similar byline statistics, which can be used in job performance reviews and determining beat assignments.

Other Journal reporters accruing double-digit bylines or contributions between October 1 and March 31 were Yochi J. Dreazen, Greg Jaffe, Charles Forelle, Guy Chazan, Greg Ip and Dennis K. Berman.

Rounding out the list of 25 top Page One point gathers:

See List

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Wall Street Journal's Alan Murray Among Speakers At Recent 'Future of Business Media' in NYC

Alan Murray, executive editor of The Wall Street Journal Online, was one of the featured speakers at the recently concluded 'Future of Business Media' conference in New York.

According to Rafat Ali, writing at paidContent.org, Murray was a panelist at the event's speakers dinner, which also featured Andrew Ross Sorkin of The New York Times and David Lieberman of USA Today.

Ali described the discussion as "vigourous" and said it included a look at how their jobs in business journalism have changed in the past two years.

October 31, 2007

At Age 42, Stephen J. Adler Was Named An Assistant Managing Editor for the WSJ

[This article originally appeared in the January 1998 edition of TJFR Business News Reporter, Vol. 11 No. 11]

Stephen J. Adler has been named an assistant managing editor of The
Wall Street Journal. The former deputy Page One editor does not
replace anyone, but rather becomes the Journal’s fourth a.m.e. — a
position one notch below that of the paper’s two deputy managing
editors.

Mr. Adler, 42, has been with the Journal for nearly 10 years and has
spent the last few years focusing on high-profile investigative
pieces, first as investigative projects editor and, since last
January, as deputy Page One editor.

He was the editor of the Journal’s 1996 Pulitzer Prize-winning
coverage of the tobacco industry, written by Alix M. Freedman; and
was also in charge of groundbreaking stories on emerging AIDS
therapies and the Page One piece on the death of basketball star
Reggie Lewis.

Continue reading "At Age 42, Stephen J. Adler Was Named An Assistant Managing Editor for the WSJ" »

Women on Top Rungs of Biz-News Ladder - TJFR Business News Reporter 1988

[This article originally appeared in June 1988 in the TJFR Business News Reporter, Vol. 2. No. 7]

    As a 24-year-old budding business reporter, Karen W. Arenson recalls there were virtually no women business editors to emulate. That was in 1975. Today, Ms. Arenson, Sunday business-section editor for The New York Times, need look no further than the mirror to find a role model for other women journalists.

Ms. Arenson is one of a small, select group of women at the uppermost rungs of news management who are helping to shape business journalism in this country. To get to their current posts, they have had to overcome all the professional and personal hurdles faced by their male counterparts, and then some.

    By this publication’s count, there are at least 14 leading journalists who deserve membership in TJFR’s Top Women in Business News club.   The admissions criteria are tough.

For starters, members of this elite group must already have obtained positions of stature at the largest, most-competitive and most- influential business-news organizations in the country. Specifically, all the members were selected from daily news-papers in the top 25 markets, large-circulation business and news magazines, and national business-news television programs.

    As a result, some highly regarded women business editors — such as Sandra Duerr at the (Louisville) Courier-Journal; Lynne Enders Glaser at the Fresno Bee; Cheryl M. Hall at the Dallas Morning News; Janet Lowe at the San Diego Tribune, and Susan C. Thomson at the St. Louis Post-Dispatch — were eliminated from consideration. 

    Similarly, occupying a high position on a business-news masthead didn’t necessarily warrant inclusion on TJFR’s Top Women in Business News list. Those selected were required to have substantial authority over the broad direction of news coverage and staffing. In many instances, they also control the editorial purse strings.

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Jim Cramer Named One of 1998's Top 100 Business Journalists

[On an annual basis, TJFR Business News Reporter named the 100 Most Influential Business Journalists in the United States.  In 1998 - Volume 11. Nos. 12/13 - Cramer was ranked #43 on the list.]

James J. Cramer: The Street.com — #48

Business journalists love Jim Cramer. He’s quotable. He’s accessible. He’s knowledgeable. And he’s one of them.

No wonder it seems almost impossible these days to turn on a financial news program and not see the excitable Mr. Cramer pontificating on one topic or another. If influence were solely a matter of visibility, Mr. Cramer would be near the top of this year’s list.

The journalist turned professional hedge fund manager turned part-time journalist serves as a regular commentator on CNBC, a contributor to GQ and Time magazines and a daily columnist for the Internet site he founded and chairs, TheStreet.com.

See Also:  Jim Cramer Inks Multi-Year Deal to Remian with CNBC (2007)