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Posts Tagged ‘Fortune’

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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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Fortune Announces Editorial Changes

Earlier we learned of several editorial moves at WWD, and now Fortune has announced their own. Below are the highlights, followed by the memo announcing the changes from Andy Serwer, Fortune’s managing editor.

  • Cliff Leaf is retuning to Fortune as assistant managing editor. Leaf was recently guest editor for The New York Times op-ed page and Sunday Review section. Previously he served as executive editor of Fortune.
  • Megan McCarthy has been named senior editor of Fortune.com. She comes to Fortune from Reuters.
  • Andrew Nusca has been named senior editor. He most recently served as writer/editor for CBS Interactive’s ZDNet.
  • Claire Zillman has joined as a writer for Fortune.com. She was most recently a staff reporter at American Lawyer magazine.
  • Jen Wieczner has been named writer/reporter. Wieczner comes to Fortune from MarketWatch and The Wall Street Journal.
  • Jaclyn Laraso has been named photo editor of Fortune.com. She most recently served as photo editor at Parenting.com.
  • Neil Harris has joined Fortune as an associate photo editor. He had been with Time since 2010.

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Cover Battle: New York Times Magazine or Fortune

Welcome back to another edition of FishbowlNY’s Cover Battle. This week we have The New York Times Magazine versus Fortune. The Times Mag went with a photo of a young golfer who is probably better than you. Even if you are better at golf than him, there’s no way you can beat those pants.

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Walmart Leads Annual Fortune 500 List

Fortune’s annual Fortune 500 issue is once again upon us. If you enjoy massive corporations, get excited. The leader this year is Walmart, which raked in $469 billion in revenue. Not that this should surprise anyone. Since the Fortune 500 has been published — way back in 1955 — the number one company has always been either Walmart, Exxon Mobil or GM.

Exxon Mobil ($449 billion), Chevron ($233), Phillips 66 ($169) and Berkshire Hathaway ($162) round out the top five.

As far as media companies go, here’s some that made the cut:

  • 66) Walt Disney – $42 billion
  • 91) News Corp. – $33
  • 105) Time Warner – $28
  • 186) CBS – $14
  • 198) Viacom – $13
  • 467) Gannett – $5

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