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Posts Tagged ‘The Financial Times’

Fictional Columnist Returns To Financial Times

Today, we received a formal announcement from The Financial Times regarding the return of columnist Martin Lukes. Announced the salmon-colored paper:

“On Thursday 5th November Martin Lukes, iconic leader, trendsetter, multiple award winner and former CEO of Atlanta-based a-b glöbâl, returns to the Financial Times with a new weekly print and online column.”

According to the announcement, Lukes is currently serving the rest of his sentence for insider trading but will write his column from inside the prison, relaying information through his wife, Sherril. A financial paper publishing a column from a convicted white collar criminal while he’s still behind bars would be an amazing story, if Lukes himself wasn’t a complete fabrication.

Lukes, and the book he penned called Who Moved my BlackBerry?, are creations of FT writer Lucy Kellaway. It’s sort of like Newsweek‘s Dan Lyon‘s creation of Fake Steve Jobs, without the very obvious satirical title.

Although Lukes stopped writing his original FT column after being arrested for insider trading in 2007, it seems like Kellaway has finally decided to resurrect the character. Could it have something to do with the fact that business journalism could use a laugh right now or is the FT poking fun at white collar criminals like Conrad Black writing for pubs like The Daily Beast from prison?

The full release about Lukes, after the jump.

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Taking Another Look At The BusinessWeek Deal

bloomberg logo.jpgYesterday afternoon came the long-awaited news that Bloomberg LP had snapped up McGraw-Hill‘s BusinessWeek.

This morning, there are a few new points of view on the deal, which is said to have cost Bloomberg less than $5 million. Bloomberg also reportedly agreed to assume all of BusinessWeek‘s liabilities, including the cost of getting magazines to all of its subscribers who have paid in advance and any severance packages for BusinessWeek employees who are laid off during the transition. The New York Times says BusinessWeek‘s liabilities were $31.9 million as of April.

The Times also reports that the magazine will be rechristened Bloomberg BusinessWeek.

The Financial Times focused on the fact that this acquisition is a change of pace for the privately owned Bloomberg. “The rare break from Bloomberg’s tradition of organic growth came as Thomson Reuters, its rival in financial data terminals, was putting the finishing touches to a takeover of, a UK-based financial commentary website.”

Read more Acquires Hyperlocal Site|FT Plans For Micropayments|Gourmet Launches Foodie TV Show|Kurtz Poo-poos Rather’s Presidential Commission Idea

WebNewser: has acquired hyperlocal Web site EveryBlock which provides news and information “down to the neighborhood level” in 15 cities.

New York Times: The Financial Times is relishing its pay-for-content model, now launching a plan to accept micropayments for individual articles as an alternative for readers who don’t want to pay for a whole subscription.

Mediaweek: Starting this fall, Gourmet magazine is adding another new foodie television show to the schedule. The public television show, “Adventures with Ruth,” will be hosted by Gourmet editor Ruth Reichl and will debut October 17.

Washington Post: Howard Kurtz says Dan Rather is wrong: a presidential commission is not necessary to save the media. “I’d rather avoid the political bloviating that would permeate any conference orchestrated by the White House,” Kurtz said. “Journalists got themselves into this mess by clinging to the past as technology threatened to pass them by. They’ll have to get themselves out of it without any assistance from the Oval Office.”

Video: Jeff Rivera, a GalleyCat and Huffington Post contributor, interviewed “Dancing With The Stars” pro Karina Smirnoff about her new Broadway ballroom dance show and her new New York City digs.

NYT‘s Carr Dissects Murdochs Pay Wall Plans

rupe.pngIn his column this week, New York Times media critic David Carr took on News Corp. head honcho Rupert Murdoch and his recent pronouncement that all of his newspaper and television news channels would soon charge for access to their online content.

“Quality journalism is not cheap, and an industry that gives away its content is simply cannibalizing its ability to produce good reporting,” Murdoch said during News Corp.’s earnings call last week. “The digital revolution has opened many new and inexpensive distribution channels but it has not made content free. We intend to charge for all our news Web sites.”

Although Murdoch boasted that, if his model was successful, other media companies would follow his lead, Carr pointed out that many publications have already tried pay models, with varying levels of success. Instead, Carr questioned Murdoch’s level of commitment to his plan:

“Setting aside the execution risk of such a plan, it’s difficult to tell how serious Mr. Murdoch is, given his history of grand statements that were only that. Perhaps he was making an unsubtle effort to change the subject during a bleak earnings call for News Corporation…”

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