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Articles by Ryan Chittum | Email the Author

 

1. The Audit

   When the Media Partied Like It Was, Well…

   August 3, 2009 03:59 PM

   David Carr's New York Times column today is a useful reminder that the good old days for the media business weren't necessarily all that "good." Take a peek into the ostentatious—and veering toward obscene, given the location— 1999 launch... Continue reading

2. The Audit

   The FT Calls This a Front-Page Story?

   August 3, 2009 09:43 AM

   The Financial Times has a poor story this morning on how Goldman Sachs's reputation has been battered by the negative publicity it's attracted during the crisis. The FT bases its assertion on a survey done for it, but never... Continue reading

3. The Audit

   High-Frequency Trading and Crash Risks

   July 31, 2009 11:58 AM

   We've been keeping an eye on the high-frequency trading story since Matthew Goldstein of Reuters broke the story of a computer programmer at Goldman Sachs stealing a chunk of its automated-trading software code. One of the most intriguing... Continue reading

4. The Audit

   Print Newspapers Still Dominate Readers’ Attention

   July 30, 2009 07:46 PM

   For those of us of a certain small-but-growing subset—the blogging, commenting, techno-savvy, early-adopting, extreme-news consumers—it's sometimes easy to forget that most people don't live like we do. They don't use RSS. They don't Twitter. They don't read twenty blogs a... Continue reading

5. The Audit

   Got It Wrong? WSJ Op-Ed Page Has a Spot for You

   July 30, 2009 01:27 PM

   The Wall Street Journal editorial page saw fit to print an op-ed from Donald L. Luskin today about how the Federal Reserve shouldn't try to prick bubbles because it's impossible to tell you're in a bubble until it's too... Continue reading

6. The Audit

   Times Finds More Mortgage Industry Conflicts

   July 30, 2009 09:55 AM

   The New York Times has an important story on page one about the conflicts of interest at mortgage companies that may be slowing down efforts to modify mortgages. I have to say this seems so blatant I'm wondering why... Continue reading

7. The Audit

   NYT’s Digs Into Pension Benefit Guaranty Scandal

   July 29, 2009 01:29 PM

   The New York Times delves into the scandal at the Pension Benefit Guaranty Corporation, whose head greased the wheels for Wall Street and then asked for help finding a job. The Times got hold of "thousands of pages of... Continue reading

8. The Audit

   Bloomberg’s Obvious High-Frequency Trading Story

   July 28, 2009 03:43 PM

   Put this Bloomberg piece in the You Don't Say! category. It reports that high-frequency traders say high-frequency trading is a good thing. In other news, Realtors say you should buy a house, and used-car dealers really think you look... Continue reading

9. The Audit

   WSJ Scoop: CFTC Will Blame Traders for Oil Spike

   July 28, 2009 09:46 AM

   The Wall Street Journal has a big scoop this morning that the Obama administration is set to report next month that speculation has been a primary driver of super-volatile oil prices. That's the exact opposite conclusion of a Bush... Continue reading

10. The Audit

    More on the Associated Press Copyright Move

    July 27, 2009 05:40 PM

    My post refuting some of the nonsense going around about the new AP initiative on copyright kicked up a bit of a storm in comments over the weekend, and I was called an "apologist" for and "mouthpiece" of... Continue reading

11. The Audit

    The Journal Analyzes a Government “Gift”

    July 27, 2009 09:49 AM

    The Wall Street Journal has a nifty bit of analysis this morning looking at how much money banks are saving by an indirect government subsidy. Since the fall, the government has guaranteed $339 billion of new short-to-medium-term debt issued... Continue reading

12. The Audit

    Relax, Bloggers. The AP Isn’t Out to Get You

    July 24, 2009 03:54 PM

    I started a post this morning about the issue causing much, um, consternation amongst the media blogs today: The Associated Press initiative to fight copyright infringement of its content. I was all ready to write something like everybody else... Continue reading

13. The Audit

    Weil on the End of “Nothing to See Here” Accounting

    July 24, 2009 02:49 PM

    Jonathan Weil of Bloomberg reports that the accounting-standards board is going to actually make companies (read: banks) price assets on their balance sheets at their fair value. What a concept! As you may recall, the Financial Accounting Standards Board... Continue reading

14. The Audit

    The Times Takes on High-Frequency Trading

    July 24, 2009 09:53 AM

    The New York Times puts the high-frequency trading issue front and center on the nation's agenda this morning with an excellent story above the fold on page one. We've been calling for the press to hit this... Continue reading

15. The Audit

    Newspaper Readers Buy Papers for the Content

    July 23, 2009 02:18 PM

    (Note: This is part three of a three-part post. Read part one here and part two here.) I think it's extremely unhelpful when new-media gurus like Mark Potts toss off posts saying newspapers don't "provide value" and... Continue reading

16. The Audit

    NYT Now Gets As Much Money from Circulation as from Ads

    July 23, 2009 12:57 PM

    (Note: This is part two of a three-part post. Read part one here.) If current trend lines hold up, circulation revenues at The New York Times will pass ad revenues sometime this quarter for the first time ever. In... Continue reading

17. The Audit

    Circulation Revenue Only Thing Growing at Newspapers

    July 23, 2009 12:43 PM

    The New York Times reported some good news today, namely that it was profitable in the second quarter. But, of course, with any sliver of good news from the media business these days, it's not that simple. Let's take... Continue reading

18. The Audit

    Reuters’ Goldstein Raises High-Frequency Trading Issue

    July 22, 2009 03:53 PM

    Matthew Goldstein, the Reuters columnist who recently broke the Goldman Sachs code-theft story, has a good column today keeping alive (at least in the mainstream press—the blog Zero Hedge has been all over this for weeks) the... Continue reading

19. The Audit

    Covering the TARP Inspector’s Report

    July 22, 2009 12:43 PM

    CJR's Greg Marx notes that coverage of the report from TARP Special Inspector General Neil Barofsky was all over the map yesterday. Head over to our Campaign Desk and check out his post looking at which outlets focused... Continue reading

20. The Audit

    Weiss Takes on the Limits of Press Power

    July 22, 2009 09:32 AM

    Gary Weiss has an interesting post up at his Web site on the limited power of the press. Someone emailed him a copy of a commentary he'd written for BusinessWeek back in 1998, where, in the wake of the... Continue reading

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