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Tue, Jan 15 2013 13:02:09

Capital New York's Financial Journalism Panel

At 9 am on January 15th, Capital New York and the Association of Chartered Certified Accountants sponsored a panel on financial journalism. The panel was moderated by Tom McGeveran (Capital) and featured: Kevin Delaney (Quartz), Edmund Lee (Bloomberg), and Felix Salmon (Reuters).

  1. Our host @tmcgev, w/ panelists @kevinjdelaney, @edmundlee, @felixsalmon abt to discuss financial press #capmedia twitpic.com/bvgcbi
    Capital New York@capitalnewyork
    ·
    Tue, Jan 15 2013 06:03:55
  2. capitalnewyork
    Capital New York@capitalnewyork
    "It really is just a bunch of idiots in Washington making things hard for everyone." - @felixsalmon on the debt ceiling #capmedia
    Tue, Jan 15 2013 06:07:43
  3. petersterne
    Peter Sterne@petersterne
    Tom: The conversations I have with smart financial journalists and what I are on the front page—sometimes by the same people—are different.
    Tue, Jan 15 2013 06:09:47
  4. petersterne
    Peter Sterne@petersterne
    Felix blames J-school. Brings up example of Wayne LaPierre: journos thought it was crazy but reported it straight.
    Tue, Jan 15 2013 06:11:10
  5. azipaybarah
    Azi Paybarah@azipaybarah
    .@kevinjdelaney talking about "data gathers" and others who analyze the data. #capmedia
    Tue, Jan 15 2013 06:12:01
  6. capitalnewyork
    Capital New York@capitalnewyork
    "The data gatherers are the newspaper reporters and you have everyone else (online) providing the analysis." - @kevinjdelaney #capmedia
    Tue, Jan 15 2013 06:12:33
  7. petersterne
    Peter Sterne@petersterne
    Anyone who doesn't vote to raise the debt ceiling is more bonkers than LaPierre. And it behooves the financial press to say that.
    Tue, Jan 15 2013 06:12:53
  8. azipaybarah
    Azi Paybarah@azipaybarah
    .@felixsalmon: anyone who votes against raising the #DebtCeiling is "crazier" than NRA's Wayne LaPierre. #capmedia #mintthecoin
    Tue, Jan 15 2013 06:13:42
  9. capitalnewyork
    Capital New York@capitalnewyork
    "It's ok for the @nytimes to be a little New York sometimes." - @felixsalmon on Times focus on global issues #capmedia
    Tue, Jan 15 2013 06:16:44
  10. azipaybarah
    Azi Paybarah@azipaybarah
    .@kevinjdelaney teases @felixsalmon about who's audience is bigger. #capmedia
    Tue, Jan 15 2013 06:18:02
  11. petersterne
    Peter Sterne@petersterne
    Felix: Our audience is small and rich, financial professionals with terminals.
    Tue, Jan 15 2013 06:18:32
  12. petersterne
    Peter Sterne@petersterne
    Tom: I think there's an audience of interested nonprofessionals for this kind of journalism.
    Tue, Jan 15 2013 06:19:33
  13. capitalnewyork
    Capital New York@capitalnewyork
    US media relents to how the @nytimes covers global issues and responds around their angles. - @edmundlee #capmedia
    Tue, Jan 15 2013 06:19:33
  14. darrenbloch
    Darren Bloch@darrenbloch
    RT @azipaybarah: .@felixsalmon: anyone who votes against raising the #DebtCeiling is "crazier" than NRA's Wayne LaPierre. #capmedia #mintthecoin
    Tue, Jan 15 2013 06:20:12
  15. petersterne
    Peter Sterne@petersterne
    Kevin: Last year, 1M subscribers (professional, compared to Bloomberg terminals) but 35M visitors to the site.
    Tue, Jan 15 2013 06:21:50
  16. petersterne
    Peter Sterne@petersterne
    Felix: Journos tend to write in language of sources they speak to. Financial journos speak to financial professionals.
    Tue, Jan 15 2013 06:24:46
  17. petersterne
    Peter Sterne@petersterne
    Felix: Before 2008-09, no mass audience for financial journalism. It's boring! Average reader doesn't want to read about this.
    Tue, Jan 15 2013 06:25:07
  18. azipaybarah
    Azi Paybarah@azipaybarah
    .@felixsalmon: during 2008 & 2009 financial journalists "suddenly" realized they had huge audience for what they were writing. #capmedia
    Tue, Jan 15 2013 06:25:49
  19. capitalnewyork
    Capital New York@capitalnewyork
    "Fin. press speak to their sources... They don't speak to average ppl in Witchita (who) throw away the biz section." -@felixsalmon #capmedia
    Tue, Jan 15 2013 06:26:13
  20. petersterne
    Peter Sterne@petersterne
    Kevin: Advertisers want to buy against investor content. Felix: All news is driven into an actionable trade. Ticker symbols after names.
    Tue, Jan 15 2013 06:27:13
  21. petersterne
    Peter Sterne@petersterne
    Felix: There's a culture of the micro-scoop, getting stories 15 seconds before the other guy, because it moved the market.
    Tue, Jan 15 2013 06:28:03
  22. petersterne
    Peter Sterne@petersterne
    Felix: In fact, it doesn't move the market. Story comes out, price goes up, can't buy at old price.
    Tue, Jan 15 2013 06:28:57
  23. petersterne
    Peter Sterne@petersterne
    Felix: No one is actually making money from this! Kevin: Except for Bloomberg and Reuters.
    Tue, Jan 15 2013 06:29:16
  24. WaterWallPR
    Water & Wall Group@WaterWallPR
    Financial journalists frustrated by "micro scoops" & ad/ticker driven reporting. #capmedia @ACCA_USA @capitalnewyork
    Tue, Jan 15 2013 06:30:08
  25. azipaybarah
    Azi Paybarah@azipaybarah
    .@edmundlee: there are programs that read headlines & execute trades; not even human eyeballs reading the stuff. #capmedia
    Tue, Jan 15 2013 06:30:25

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Peter Sterne

Columbia student, intern/contributor @CJR, editor emeritus @Bwog

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