The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject.(March 2018) |
Business journalism is the part of journalism that tracks, records, analyzes, and interprets the business, economic and financial activities and changes that take place in societies. Topics widely cover the entire purview of all commercial activities related to the economy.
This area of journalism provides news and feature articles about people, places, and issues related to the business sector. Most[ quantify ] newspapers, magazines, radio, and television-news shows include a business segment. Detailed and in-depth business journalism may appear in publications, radio, and television channels dedicated specifically to business and financial journalism [1] .
Business journalism began as early as the Middle Ages, to help well-known trading families communicate with each other [2] .
Around 1700, Daniel Defoe—best known for his novels, especially Robinson Crusoe —began publishing business and economic news [3] . In 1882 Charles Dow, Edward Jones and Charles Bergstresser began a wire service that delivered news to investment houses along Wall Street [2] . In 1889, The Wall Street Journal began publishing [2] . While the famous muckraking journalist Ida Tarbell did not consider herself to be a business reporter, her reporting and writing about the Standard Oil Co. in 1902 provided the template for how thousands of business journalists have covered companies ever since [4] . Business coverage gained prominence in the 1990s, with wider investment in the stock market. The Wall Street Journal is one prominent example of business journalism and is among the United States of America's top newspapers in terms of both circulation and respect for the journalists whose work appears there [5] .
Journalists who work in this branch are classed as "business journalists". Their main task is to gather information about current events as they relate to business. They may also cover processes, trends, consequences, and important people in business and disseminate their work through all types of mass media.
Business journalism, although common in most industrialized countries, has a very limited role in third-world and developing countries. This leaves citizens of such countries in a very disadvantaged position locally and internationally [6] . Recent efforts to bring business media to these countries have proven to be worthwhile [7] .
Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour.
The Wall Street Journal (WSJ), also referred to simply as theJournal, is an American newspaper based in New York City, with a focus on business and finance. It operates on a subscription model, requiring readers to pay for access to its articles and content. The Journal is published six days a week by Dow Jones & Company, a division of News Corp. The first issue was published on July 8, 1889.
Ida Minerva Tarbell was an American writer, investigative journalist, biographer, and lecturer. She was one of the leading muckrakers and reformers of the Progressive Era of the late 19th and early 20th centuries and was a pioneer of investigative journalism.
The muckrakers were reform-minded journalists, writers, and photographers in the Progressive Era in the United States (1890s–1920s) who claimed to expose corruption and wrongdoing in established institutions, often through sensationalist publications. The modern term generally references investigative journalism or watchdog journalism; investigative journalists in the US are occasionally called "muckrakers" informally.
The History of the Standard Oil Company is a 1904 book by journalist Ida Tarbell. It is an exposé about the Standard Oil Company, run at the time by oil tycoon John D. Rockefeller, the richest figure in American history. Originally serialized in nineteen parts in McClure's magazine, the book is a seminal example of muckraking, and inspired many other journalists to write about trusts, large businesses that attempted to gain monopolies in various industries.
Bloomberg News is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief.
Michael Monroe Lewis is an American author and financial journalist. He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance.
Sue Herera is an American journalist and business news television anchor.
Stephanie Strom is an American journalist who was a correspondent for The New York Times from December 2002 to 2017.
Allan Sloan is an American journalist, formerly a senior editor at large at Fortune magazine. He subsequently became a business columnist on contract for The Washington Post, and since the start of 2023 has been self-employed.
Daniel Hertzberg is a former American journalist. Hertzberg is a 1968 graduate of the University of Chicago. He married Barbara Kantrowitz, on August 29, 1976. He was the former senior deputy managing editor and later deputy managing editor for international news at The Wall Street Journal. Starting in July 2009, Hertzberg served as senior editor-at-large and then as executive editor for finance at Bloomberg News in New York City before retiring in February 2014.
Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest and most trusted news agencies in the world.
Scot J. Paltrow is an American journalist. A financial journalist, Paltrow currently works for Reuters.
John Wakeman Schoen, an award-winning online journalist and a founder of msnbc.com, CNBC and public radio’s Marketplace, has reported and written about economics, business and financial news for more than 30 years.
Benjamin Wey is a Chinese-born US Wall Street financier and CEO of New York Global Group (NYGG). He began his financial career as an investment advisor and broker in Oklahoma in the late 1990s. Wey and NYGG were among the most active "facilitators and promoters" of reverse takeovers, which created Special-Purpose Acquisition Companies (SPAC) and allowed small Chinese companies to raise capital on U.S. markets, until reverse takeovers became the subject of a U.S. Securities and Exchange Commission investigation in 2011.
Chris Roush is a journalism professor and author in the United States. He was dean of the School of Communications at Quinnipiac University in Hamden, Connecticut, from 2019 to 2023.
The Gerald Loeb Award is given annually for multiple categories of business reporting. Lifetime Achievement awards are given annually "to honor a journalist whose career has exemplified the consistent and superior insight and professional skills necessary to contribute to the public's understanding of business, finance and economic issues." Recipients are given a hand-cut crystal Waterford globe "symbolic of the qualities honored by the Loeb Awards program: integrity, illumination, originality, clarity and coherence." The first Lifetime Achievement Award was given in 1992.
Rockefeller Capital Management (RCM) is an independent wealth management and financial services firm, founded in 2018. The firm offers family office, asset management, and strategic advisory services to high-net-worth individuals and families, institutions, and corporations. Its president and CEO is Greg Fleming.
Gina Chua is a Singaporean journalist serving as the executive editor of the media startup Semafor. She previously served as the executive editor of the Reuters news agency. A trans woman, Chua is one of the most senior openly transgender journalists in the U.S.
Jason Zweig is an American financial journalist. He has been a columnist for The Wall Street Journal since 2008.