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Posts Tagged ‘Fortune’

Carol Loomis to Retire from Fortune

loomisCarol Loomis, the legendary business journalist who has worked for Fortune for more than 60 years, has decided to call it quits. Loomis, who has most recently served as an editor-at-large, will (of course) continue to sporadically contribute content to the magazine.

“I have had the privilege of working with Carol for nearly 30 years,” wrote Fortune’s managing editor, Andy Serwer. “Her contributions to Fortune, to journalism, and to business are immense and incalculable. Her retiring from Fortune is the end of an era for all of us.”

“When people ask you why I am retiring and ‘age 85′ does not satisfy them, please suggest that they have the wrong question,” Loomis said, in a note to staffers. “The right one is, ‘Why did Carol work so long?’” She then quoted a paragraph from her 2005 memoir to answer the latter question:

To have had an absorbing, worthwhile job, carried out in the company of talented, likable people bent on creating the best product possible, in a collegial environment that many a person who has come from another journalistic organization finds amazing—all that is not the average working experience. And that’s why I’m still here. This is a hard place to leave.

 

Fortune Makes Editorial Changes

XtTZlC8VFortune has named Clifton Leaf its new deputy managing editor and Brian O’Keefe its new international editor.

Leaf returned to Fortune late last year as assistant managing editor. He had previously served as guest editor for The New York Times op-ed page and Sunday Review section. O’Keefe, a 14-year veteran of Fortune, most recently served as its assistant managing editor.

The changes were designed to help Fortune cope with the departure of Stephanie Mehta, who resigned from the magazine in order to take some time off. “Stephanie had many responsibilities at Fortune, so many in fact I think it’s best no single person take on all of her work,” wrote Fortune’s managing editor, Andy Serwer, in a memo.

You can read Serwer’s full note below.

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Morning Media Newsfeed: Clinton Begins Media Tour | NYT Magazine Adds Wasik

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Diane Sawyer’s Clinton Interview Draws 6 Million Viewers (TVNewser)
According to preliminary Nielsen data, Diane Sawyer’s interview with Hillary Clinton averaged 6.079 million viewers in the 9 p.m. ET hour Monday night. Sawyer had the first interview with Clinton as the former Secretary of State began her press tour for Hard Choices, out Tuesday. FishbowlDC ABC led CBS and NBC in viewers for the hour. On top in ratings Monday night was Fox, which aired 24 and averaged 6.333 million viewers in the 9 to 10 p.m. hour. Deadline Hollywood However, the interview drew a 1.0 in the demo, finishing last in the 9 p.m. hour among the Big 4 networks. CNN Clinton also appeared on ABC’s Good Morning America Tuesday to promote her book. Hard Choices is about Clinton’s years as President Barack Obama’s first secretary of state, which she stepped away from early last year. In her ABC appearances, she honed what is likely to be her book tour message — one of a thoughtful diplomat who is prepared to reintroduce herself to voters, especially women. With her book lining the walls of booksellers nationwide, Clinton also stopped at a Barnes & Noble in Manhattan Tuesday for her first book signing of the two-week tour. NBC News While Clinton has been traveling the country doing paid speeches in recent months, this book tour will put her on a much more rigorous — and campaign-like — schedule. She will visit at least 15 different cities over the next two weeks, including Washington, Philadelphia, Seattle, Los Angeles, Kansas City and Austin. Plus, she is doing a host of television interviews to promote the book, including with NBC News, CBS News, CNN and Fox News.

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Morning Media Newsfeed: Risen Appeal Rejected | Top Social TV Shows

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Supreme Court Will Not Review Risen Case (The Guardian)
The U.S. Supreme Court on Monday declined to review a lower court’s order requiring a New York Times reporter to testify in a criminal case against a former source, deepening the court’s silence on the question of protections for journalists and confidential sources. FishbowlDC The issue dates back to a May 2011 subpoena received by James Risen to identify a source for his 2006 book State of War: The Secret History of The CIA and the Bush Administration. NYT The court’s one-line order gave no reasons but effectively sided with the government in a confrontation between what prosecutors said was an imperative to secure evidence in a national security prosecution and what journalists said was an intolerable infringement of press freedom. NPR / The Two-Way Risen has said he would refuse to testify in order to protect the identity of his source. Federal prosecutors argued that they need him to testify to pursue their criminal case against Jeffrey Sterling, a former CIA officer. WSJ A divided U.S. appeals court based in Richmond, Va., sided with the government last year, ruling that Risen didn’t have a reporter’s privilege allowing him to refuse to testify about the source and scope of classified information allegedly disclosed to him. The court said there is no privilege in criminal cases that protects a reporter from testifying about conduct the reporter allegedly witnessed or participated in. USA Today Since Obama took office, federal authorities have filed at least seven leak-related criminal cases, including against former National Security Agency contractor Edward Snowden for leaks about government surveillance programs and Army Pfc. Bradley Manning for giving classified information to the website Wikileaks.

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Bethany McLean Returns to Fortune

Bethany McLean GBethany McLean, most well known for her work exposing the Enron scandal and her coverage of the 2008 financial crisis, is returning to Fortune as a columnist for its website. McLean is the co-author of The Smartest Guys in The Room and All The Devils are Here.

McLean was a columnist for Fortune before leaving to join Vanity Fair as a contributing editor. She will continue on in that role. McLean has also served as business columnist for Slate.

In a memo announcing McLean’s return, Andy Serwer, Fortune’s managing editor, wrote, “I am thrilled that Bethany is back with us at Fortune.com. She’s an amazing journalist and really good people too.”

Fortune and Money Launch New Sites, Separate From CNNMoney

Screen Shot 2014-06-02 at 9.31.41 AMAfter many years living under the same digital roof, Fortune and Money have finally grown up and left CNNMoney.com behind. Say hello to Fortune.com and Money.com.

In the past Time Inc. lumped Fortune and Money content under the CNNMoney.com site, which did little to promote those brands. “For Fortune and Money to not really have robust digital brands might have been okay in 2005, but it’s less okay once you’re out of the oughts,” Money’s editor, Craig Matters, explained to TechCrunch.

Not only that, but with Time Inc. spinning off from Time Warner, the time had come to separate the trio.

As you might guess, Fortune.com will take a more serious approach to things, while Money.com will be “a little more fun and a little more playful,” added Matters. The former will post about 90 new pieces a day, while the latter will post about 30.

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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