Daily Archives: May 3, 2009

The Sun Sets On BusinessWeek, Forbes, And Fortune

newspaper5The May 11 issue of Fortune Magazine is a perfect demonstration of what the three largest business magazines have done for decades. Its cover story, “How Bernie Did It’ is the culmination of a four-month investigation into the details of Bernie Madoff’s life and business operations written and reported by three of Fortune’s best editorial staff members, one of whom is a Pulitzer Prize winner. This issue of Fortune is also an example of why the magazine and its competitors Forbes and BusinessWeek, will soon no longer be able to publish these kinds of stories. The May 11 issue has 92 printed pages and covers. There are only 21 pages of paid advertising compared with more than a hundred pages in a spring issue 20 years ago. Read More »

Posted on: May 3, 2009 – 6:30 pm in Internet, Media, Old Media, ,

Obama: Wrong That Wall St. Will Shrink (MS)(GS)

bankWall St. is not going to be as big a player in the economy as it has been, if President Obama is right. He may not be.

Commenting on how much of the economy will be driven by the financial sector, Obama told The New York Times Magazine, “Part of that has to do with the effects of regulation that will inhibit some of the massive leveraging and the massive risk-taking that had become so common.” Read More »

Posted on: May 3, 2009 – 5:31 am in Banking, ,