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Posts Tagged ‘Fortune’

Morning Media Newsfeed: Lewis Katz Dies | Carney Steps Down | Zuckerberg Donates

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Co-Owner of Philadelphia Inquirer Dies in Plane Crash (Philly.com)
Lewis Katz, 72, co-owner of The Philadelphia Inquirer, the Philadelphia Daily News and Philly.com, died Saturday night in the crash of a private jet at a Massachusetts airfield. All seven people aboard were killed when the Gulfstream IV crashed about 9:40 p.m. as it was departing Hanscom Field in Bedford for Atlantic City International Airport, said a Massachusetts Port Authority spokesman. Boston Globe The plane exploded in a blast that sent a fireball and a large plume of black smoke into the air, said Bedford resident Jeff Patterson, 43, who lives beside the runway. The flames rose 60 feet in the air, he said. His 14-year-old son, Jared, said the explosion rattled the house. Bloomberg Katz and H.F. “Gerry” Lenfest won control of the Inquirer and its sister publication at a court-ordered auction four days earlier. A native of Camden, N.J., Katz was increasingly involved with his philanthropic giving. In May, Temple University announced it would name its medical school after Katz, who told the Inquirer that while his mother wanted him to be a doctor, he couldn’t stand the sight of blood. CNN Katz was formerly the principal owner of the NBA’s New Jersey Nets and the NHL’s New Jersey Devils. He was a shareholder of the Nets, the New York Yankees and the YES Network at the time of his death. New York Daily News The Yankees honored long-time minority owner Katz in the Bronx with a moment of silence before the national anthem on Sunday at the Stadium. Katz will be remembered for his hot-and-cold relationship with George Steinbrenner. NPR / The Two-Way Drew Katz, Lewis’ son, said in a statement that his father’s sudden death has brought “an incomprehensible amount of grief.” He added: “My father was my best friend. He taught me everything. He never forgot where and how he grew up, and he worked tirelessly to support his community in countless ways that were seen and unseen. He loved his native city of Camden and his adopted home of Philadelphia.” Read more

Fortune Adds to Online Team

Fortune has made a few additions to its online team. Below are the details.

  • Verne Kopytoff has been named senior editor. He’ll be based in San Francisco and will start April 28. Kopytoff spent almost a decade as a reporter for The San Francisco Chronicle. He has also worked as a contract reporter for The New York Times.
  • Geoff Smith has also been named senior editor. He’ll be based in London and will start May 19. Smith spent almost 20 years with Dow Jones Newswire and The Wall Street Journal.
  • Phil Wahba joins as a reporter covering retail and consumer brands. Wahba comes to Fortune from Reuters, where he covered the same beat for five years.
  • The following reporters all join May 5: Ben Geier, Tom Huddleston Jr., John Kell, Laura Lorenzetti and Benjamin Snyder.
  • Scott Robson Departs Yahoo, Fortune Adds Two

    A few Revolving Door notes for you this morning, involving Yahoo! and Fortune. Details are below.

    • Scott Robson is leaving Yahoo! after less than two years, according to The Wrap. Since July of 2012, Robson served as editor-in-chief of Yahoo’s Yahoo Entertainment, a newly created role. He previously worked for MTV Networks and served as editor-in-chief of AOL’s Moviefone and AOL Television.
    • Roland Jones and Scott DeCarlo are joining Fortune. Jones will serve as Fortune.com’s news editor and DeCarlo as Fortune’s list editor. Jones comes to Fortune from Time Inc.’s Content Solutions group. D

      eCarlo joins Fortune from Forbes, where he spent over 20 years.

    Morning Media Newsfeed: Newsweek Controversy | Mexico Moves on Telco | NJ President Out

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    newsweek bitcoin

    Controversy Marks Newsweek’s Comeback (The Associated Press)
    A mystery man. A splashy reveal. A media frenzy. Newsweek staked its return from the dead Friday on a story it knew would get attention. A cover story claiming it had uncovered “the face behind Bitcoin,” the world’s most popular digital currency. Twenty-four hours after identifying Bitcoin’s creator as a 64-year-old former defense contractor employee living in Los Angeles, the controversy over whether or not Newsweek had outed the right man was so furious that Newsweek reporter Leah McGrath Goodman made the rounds on Bloomberg TV and CBS Morning News to defend her reporting against Dorian Nakamoto’s denials that he is the father of Bitcoin. Mashable For the first few hours after the article was published online Thursday, Newsweek enjoyed the kind of attention that most publications would kill for. The Bitcoin story dominated the conversation on social media; 700,000 readers had viewed it as of 5 p.m. ET on Thursday. It went on to top 1 million views. FishbowlNY Within the first few hours of the story’s release, however, Nakamoto emerged to deny any involvement with the digital currency, prompting a media frenzy. In a two-hour interview with the AP Thursday, Nakamoto denied having any involvement in Bitcoin, and the only reason he had ever heard of it was because a Newsweek reporter contacted his son three weeks ago. Nakamoto also said that during a brief interview at his home, McGrath Goodman misunderstood him (English isn’t Nakamoto’s first language). Politico / Dylan Byers on Media The account that created Bitcoin in 2009 has also suggested that the Newsweek story is inaccurate: “I’m not Dorian Nakamoto,” said the account holder, whose online name is Satoshi Nakamoto, according to USA Today. Newsweek In a statement released Friday, Newsweek defended the story: “Goodman’s research was conducted under the same high editorial and ethical standards that have guided Newsweek for more than 80 years. Newsweek stands strongly behind Goodman and her article”

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    Matt Chaban Joins NY Times; Fortune and The Wire Make Changes

    A few Revolving Door notes for you below.

    • Matt Chaban is leaving The New York Daily News for The New York Times, where he’ll overtake the Metro section’s Appraisal column. Chaban had served as the Daily News’ real estate editor since August of last year.
    • Dan Primack has been named a co-chair of Fortune’s Brainstorm Tech Conference. Primack has been a senior editor at Fortune since 2010.
    • Tim Carmody and David Sims are joining The Wire. Carmody will serve as a contributing editor covering tech, while Sims will serve as a staff writer covering entertainment.

    Cover Battle: W or Fortune

    Welcome back to another edition of FishbowlNY’s weekly Cover Battle. This week we have W taking on Fortune. For its latest issue, W went with naked (aside from a crap load of bracelets) Miley Cyrus. We are once again shocked by Cyrus’ edginess. What will she do next. It is going to be crazy.

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    Cover Battle: Seventeen or Fortune

    Welcome back to another edition of FishbowlNY’s weekly Cover Battle. This week we have Seventeen taking on Fortune. Seventeen went with a group photo of One Direction, the boy band completely dedicated to the trapped-in-a-wind-tunnel haircut.

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    Fortune Names Elon Musk Businessperson of The Year

    Have you ever won an award? Of course you have. Everyone has, because there are awards for every possible thing you can imagine. The amount of awards completely robs them of their meaning, but it doesn’t matter — everyone likes getting awards/honors, so organizations and companies keep giving them out. Therefore, we imagine Elon Musk is slightly excited about being named Fortune’s 2013 Businessperson of The Year.

    Musk, as you probably know, is the guy behind Tesla Motors and SpaceX. He definitely deserves the honor. Cool looking cars and space tourism are important. We think.

    Anyway, you can read Fortune’s take on Musk here. Below is the full list of people considered for Businessperson of the Year.

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    Carol Loomis Named to NY Journalism Hall of Fame

    Carol Loomis, Fortune’s senior editor-at-large, has been inducted into the Deadline Club’s New York Journalism Hall of Fame. The 84-year-old Loomis was one of eight honored during a lunch at Sardi’s.

    Loomis, who started at Fortune 60 years ago, was one of the first prominent female financial journalists. In her acceptance speech, she joked, “I will confess that almost all my inspiration has come from one emotion, fear. And terrible dread of the moment when I will finally be exposed as a fraud.”

    Loomis is, according to Fortune’s editors, “the soul” of the magazine.

    Cover Battle: Fortune or T: The New York Times Style Magazine

    Welcome back to another edition of FishbowlNY’s weekly Cover Battle. This round features Fortune taking on T: The New York Times Style Magazine. Fortune wants to discuss Chinese-made airplanes, which made us wonder — does anyone actually care where the plane they’re in was produced? That would seem to be low on the list of concerns. Typically, this is what we’re asking while flying: 1) Am I going to die? 2) How much longer is the flight? 3) What was that noise? 4) Why aren’t I drinking more?

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