<![CDATA[Gawker: valleywag, fox business network]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, fox business network]]> http://gawker.com/tag/valleywag/foxbusinessnetwork http://gawker.com/tag/valleywag/foxbusinessnetwork <![CDATA[Is the Wall Street Journal Bleeding Cash?]]> The Wall Street Journal uses an astounding 30 to 60 staffers to produce an underwhelming webcast knockoff of CNBC, says Business Insider. (Update: WSJ says closer to 10.) That would help explain the rumors that the newspaper is hemorrhaging money.

Whispers emanating from the Journal's parent, News Corp., have the paper on track to lose $100 million this year, says one tipster. That's hard to believe, given the $59 million contribution that Journal publisher Dow Jones made to News Corp.'s bottom line as recently as the last quarter of 2008. But Dow Jones profits fell in both of the quarters reported since, according to public earnings reports. News Corp. didn't give precise figures for Dow Jones or the Journal, but did disclose that all News Corp. newspapers saw combined profits fall 97 percent January through April and revenue fall 24 percent in the three months after that.

The Journal could cut some costs by slicing its ridiculous video army down to one guy, plus a cameraman with a cheap recorder, and maybe a video editor. After all, as Current TV's Brett Erlich has show, it's possible to create some seriously fun financial programming with bare-bones production values. Or the Journal can just keep imitating cable news networks, even to the point of absurdly saying "we're running out of time," as the host did toward the end of today's "AM Report." After all, it's not like News Corp. owns a real financial net of its own, or anything.

UPDATE: Dow Jones says it uses "less than 10 staffers" to make the video, and Business Insider has updated its post to reflect that assertion, adding it got its earlier number from "people involved in the show."

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<![CDATA[Yahoo CEO Can't Say 'Algorithmic']]> The image associated with this post is best viewed using a browser.Here's Carol Bartz on Fox Business Network, explaining what sets Yahoo apart from Google. For one, the internet company is not all fancy sciencepants and "algothorithic" or "algomorthmic" or whatever. Indeed, it doesn't even know that word.

Bartz's tongue twisting came, unfortunately, as the CEO battles the idea she's unsuited to the job of running Yahoo, since her last company, Autodesk, makes software that runs on personal workstations rather than servers.

We sympathize: The criticism of Bartz's background seems more like thinly-veiled swiping at her age and gender than at anything substantive. Eric Schmidt escaped such second-guessing when he moved from PC software company Novell to running Google.

Fortunately for Bartz, her reputation for verbal aggression should deter critics from making undue hay of her lack of comfort with the word "algorithm."

Highlight above; full interview below.

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<![CDATA[In primaries, Silicon Valley as irrelevant as ever]]> Welcome to the club, Mike. Fox Business Network invited TechCrunch editor Michael Arrington onto its Happy Hour show yesterday. Arrington had been led to believe the topic would be his site's presidential primary endorsements, for which he interviewed the candidates and asked for positions on 10 tech-centric issues. Instead, host Cody Willard asked Arrington about Google versus Yahoo. This happens every election cycle: People who normally talk about tech switch gears and start making big political statements. The mainstream public ignores them. Might as well ask Barack Obama to blog about Apache server configuration.

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<![CDATA[Fox Business ratings fall short of revolutionary]]> Early ratings for Rupert Murdoch's Fox Business Network have materialized, and the news isn't pretty. According to Nielsen Media Research, about 6,300 households on any given weekday are tuning in. Compare that to the 283,000 watching rival network CNBC. The number is so low you won't hear it officially from Nielsen researchers, because it doesn't meet their minimum standards for reporting. While it's still early going and Fox only reaches about 30 million households compared to CNBC's 90 million homes, the numbers aren't pretty.

Roger Ailes, chairman of Fox Business, said he would not settle for "anything short of a revolution," given the vast resources and advertising Fox is able to deploy. At this rate, Fox Business Network shouldn't be aiming at CNBC; the network, with its bubbly and attractive correspondents, is competing with personal blogs with virtually no expenses. Maybe what Fox Business needs is more cleavage. Move the ticker to the top of the screen, Roger. (Photo from TVHeads.com)

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<![CDATA[Fox Business Network needs spellcheck too]]> If we're going to make fun of CNBC's inability to spell, we should probably poke fun at Fox Business News as well. In a screenshot from earlier today, the Dow Jones Inustrial Average must be an innovation from News Corp. TVNewser has an interesting quote from an ex-CNBCer:

I worked there for four years as a producer and after submitting the fullscreen to graphics correctly, occasionally there would be a typo. The only net I have seen without a typo — EVER — is ESPN. It's amazing how they pull it off with the amount of text graphics they use. CNBC and the others also use a lot of text but with a much higher graphics rate.
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<![CDATA[Fox channel says retail lobbyist "didn't disclose" identity]]> Yesterday, Fox Business Network interviewed an "online shopper" named Peter Perweiler who turned out to be the marketing director for the National Retail Federation. The NRF says it organized a media event so reporters could interview "real" shoppers. Silicon Alley Insider got one explanation from the NRF. We got another, very different explanation, from Fox News.

An excerpt from a statement by NRF spokesman Scott Krugman:

During the event, it was clear to all who attended that NRF staff members were onsite and that some were shopping ... All consumers who were interviewed were approached directly by the media. It was neither hidden nor disguised to reporters that some shoppers at the event were employed by the National Retail Federation. In one instance, an NRF staff member specifically identified himself and the reporter chose to interview him regardless.
Ah, so the NRF says it was Fox who screwed up.

But I heard from Fox reporter Rich Edson, who was covering the story. He said:

The NRF never disclosed the fact that their employees were going to be partaking in online shopping. Mr. Perweiler did not identify himself and I was unaware that he was with the NRF.
So NRF says that everyone knew what was going on and Fox says they were clueless. But here's the real travesty: Fox producers never even went looking for real shoppers; they were happy to send a reporter to a staged event, where shoppers were served up for them. Here's a copy of the pitch that the NRF sent to media organizations.

nrfpitch.jpg

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<![CDATA[Fox Business Network interviewee not "fair and balanced"]]> Fox Business conducted "man-on-the-street" interviews for "Cyber Monday." (Note: I want to gouge my eyes out when I hear that ridiculous name, myth or not.) The object? To see if people really were shopping online more. Let's not even get into the question of why Fox thought they'd find people shopping online if they were interviewed on the street. Even so, a Fox reporter found Peter Perweiler at the ESPN Zone in Washington, D.C.

Perweiler had this to say when asked about his online shopping plans: "I'm looking at some big-ticket items this year so I really want to know what other people — problems they're having with items, things of that nature." Ah yes. That's what the internet is good for. Unbiased reviews. But wait, Perweiler is hardly unbiased. Silicon Alley Insider noted that Perweiler is the marketing director of the National Retail Federation. Did Fox know who he was, or was it just a coincidence?

This isn't FBN's first flub since they launched. A couple of weeks ago, FBN erroneously reported that Apple was buying a large stake in AMD. Apple wasn't. An investment company in Abu Dhabi was. Whoops. Fair, balanced ... and sloppy? As long as Fox flubs in all directions, I suppose there's no reason to complain.

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<![CDATA[ Lucy Hood, Jamba CEO and president of Fox...]]> lucy_hood.jpg Lucy Hood, Jamba CEO and president of Fox Mobile Entertainment, has quit. Though no future plans have been announced, we suspect she'd fit right in at the Fox Business Network, alongside Hewlett-Packard alum Carly Fiorina. Heck, she could make it an intracompany transfer. [Silicon Alley Insider]

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<![CDATA[Carly Fiorina goes from foxy CEO to Fox newsreader]]> CFiorinaHeadshot300.jpgFormer Hewlett-Packard CEO Carly Fiorina has signed on to be a Fox Business Network contributor. According to the press release, Fiorina achieved the highest rate of innovation in company history. How they measure that metric is a mystery to us; after all, shortly after Fiorina left, the company engaged in some highly innovative leak-detection practices, leading to the resignation of several board members. But never mind that. The only stat that will likely matter to Fox's Joe-Sixpack audience, sadly, is how short her skirt is.

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