Author Archive
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The Audit
200 Years of Citi
March 9, 2012 02:42 PMBloomberg's Christine Harper, on Twitter, notes that Citigroup's corporate timeline, launched in a must-have new iPad app called Citi News, has an odd sense of news judgment: Citi `timeline' of its 200-year history has ``launches mobile phone banking... Continue reading
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The Audit
Audit Notes: Tabloid Chutzpah, Paywall Performance, The Fed and Dividends
March 8, 2012 08:44 PMRebekah Brooks, former head of Rupert Murdoch's UK tabloids, which were rogue even by the viciously sensationalist standards of that industry, has her attorney Stephen Parkinson take to the pages of the Telegraph to argue that "The flaws in... Continue reading
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The Audit
The Justice Department and the Price of Books
March 8, 2012 07:10 PMThe Wall Street Journal reports that the Justice Department is going after Apple and book publishers for colluding to fix prices in the e-book market, a big development in that fast-growing industry. Back when Apple launched its iBooks store,... Continue reading
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The Audit
Bloomberg’s Missing Billionaire
March 7, 2012 06:46 PMThis is rich, and no pun is intended. I criticized Bloomberg News yesterday for its policy of not covering its parent company, which means it won't calculate and include owner Michael Bloomberg's wealth in its new daily Billionaires Index.... Continue reading
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The Audit
The Baby Boom Wasn’t That Big, WSJ
March 7, 2012 04:01 PMBoomers will be flooding the senior centers over the next few years and decades and that wave will be a serious force in economics and investing for he next couple of decades. So it's good to see this... Continue reading
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The Audit
Audit Notes: Fox on Energy, Journalists and Programmers, Bloomberg
March 7, 2012 01:29 AMMedia Matters has an amusing compilation of Fox News reactions to $4 a gallon gasoline in 2008, when George W. Bush was in office, and its reactions today, when Barack Obama is. 2008: ... Continue reading
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The Audit
Bloomberg, Uncovered
March 6, 2012 06:23 PMGothamist flags this gem down deep in a Bloomberg News story on its new Billionaire's Index: Bloomberg News editorial policy is to not cover Bloomberg LP. As a result Michael Bloomberg, the founder and majority owner of Bloomberg... Continue reading
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Feature
Infographic: What’s a CEO Worth?
March 6, 2012 06:00 AMInfographic by Nigel Holmes Click here to see a larger version of this image. The tenures of two recently departed CEOs—Janet Robinson of The New York Times Company, and... Continue reading
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The Audit
Audit Notes: Rocket Internet, Gas Taxes, The Price of Health Care
March 6, 2012 12:58 AMBloomberg BusinessWeek has a good story on a German company that makes its living ripping off American websites and taking them overseas before the Americans can get there. Rocket Internet, owned by three German brothers, has copied eBay, Zappos.com,... Continue reading
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The Audit
WSJ on the Return of the Online Pet Food Store
March 5, 2012 05:41 PMI like this smart Wall Street Journal piece on the new economics of the Web as told through the effort to build a "Pets.com 2.0." Pets.com, of course, came to symbolize the mania of the Tech Wreck with a... Continue reading
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The Audit
Checkbook Journalism’s Slippery Slope
March 2, 2012 10:47 AMCombine the culture of checkbook journalism with the culture of Rupert Murdoch's News Corp. and you get one of the biggest media scandals of all time. Paying for news is at the root of News Corp.'s hacking and bribery... Continue reading
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The Audit
Audit Notes: William Cohan, Three Little Pigs, Recovery Spring
March 2, 2012 01:14 AMIn Bloomberg BusinessWeek, William D. Cohan writes about the spectacular downfall of hedge fund manager Dan Zwirn, whose $12 billion empire crumbled after he decided to buy a private jet and his CFO paid for it with improperly, and... Continue reading
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The Audit
That Stuck Feeling
March 1, 2012 03:14 PMWe all had a chuckle yesterday at the poor hedge fund marketing director whining about the difficulties of living in Brooklyn on $350,000 a year: “I feel stuck,” Schiff said. “The New York that I wanted to have is... Continue reading
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The Audit
Audit Notes: Paywalls Paying Off, Digital Privacy, Murdoch
February 29, 2012 07:54 PMAs Warren Buffett knows, when you give away your product online, it undermines the one you charge good money for in print. NetNewsCheck reports from the Key Executives Mega Conference: Jeanny Sharp, editor and publisher of the Ottawa Herald,... Continue reading
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The Audit
Bloomberg’s Abelson on How Wall Street Is Coping
February 29, 2012 01:53 PMBloomberg's Max Abelson has the story of the day, another entry in his list of stories on out-of-touch Wall Streeters. This one's about how rich folks are coping with their reduced circumstances in a season of curtailed bonuses. I... Continue reading
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The Audit
Audit Notes: $25,000 an Hour, Foreclosures, Corporate Taxes
February 28, 2012 08:03 PMThe New York Times has done a lot of tough reporting over the years on outlandish executive compensation. It's time to send those reporters up the elevator. Former CEO Janet Robinson got a $4.5 million contract to consult the... Continue reading
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The Audit
Warren Buffett and Paywalls
February 28, 2012 05:53 PMThe newspaper paywall now has a champion in some guy in Nebraska named Warren Buffett. Buffett, who just forked over $150 million for the Omaha World-Herald Company, has some wise words, however late, on newspaper business models: Stop giving away... Continue reading
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The Audit
Audit Notes: Daisey vs. Pogue, American Banker, LAT Paywall
February 24, 2012 08:37 PMMike Daisey, of The Agony and Ecstasy of Steve Jobs, and the recent This American Life exposé of Apple's outsourced China factories, shreds The New York Times's David Pogue over his apologia for Apple's labor practices... Continue reading
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The Audit
The Keystone Kops of Koverups
February 24, 2012 01:19 PMThe Telegraph has a big scoop on the hacking scandal, reporting new details of how News Corporation deleted emails and destroyed reporters' computers that "could be unhelpful in the context of future litigation." This might merely be skeevy were... Continue reading
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The Audit
Audit Notes: Lobbying Both Ways, SEC Scrutiny, Steve Jobs,
February 24, 2012 12:23 PMThe banks have been carping about the complexity of the Volcker Rule, which aims to prevent them from making risky gambles backstopped by taxpayers. But as ProPublica's Jesse Eisinger notes, the banks themselves are largely responsible for the... Continue reading
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The Audit Business
- Audit Notes: pyramid people, Disney and ABC, no USA Today paywall Roddy Boyd digs into a diet-shake pyramid scheme
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- Dull news from Doha UN climate summit a ho-hum affair for the press
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The Kicker last updated: Fri 3:00 PM
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News Startups Guide last updated: Thu 10:24 AM
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