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By Chris Roush
May 12, 2009
In the past two weeks, the world of business journalism saw magazine Conde Nast Portfolio close and lay off 80 reporters and editors. In the heart of Silicon Valley, two tech reporters from the San Francisco Chronicle were laid off as well.
American City Business Journal’s papers have also cut staff in recent weeks, and those working on the Boston Globe’s business desk wonder if they’ll still have a paper to publish their stories.
Don’t get me wrong - I wouldn’t want to be in the shoes of any business journalist that’s worried about future employment or has lost their job. But in such industry upheaval, I see plenty of the entrepreneurial spirit that makes business journalism great.
I’m talking about Bill Virgin, the well-known business columnist of the Seattle Post-Intelligencer, who found himself out of a job when his paper closed shop earlier this year. Virgin started a newsletter devoted to manufacturing and the railroad industry in the Pacific Northwest.
There’s Aaron Kremer, who started an online business news site in Richmond, Va., after he couldn’t get a full-time job at the city’s Times-Dispatch and realized there was no weekly business newspaper in the area. Kremer is now making money with his bootstrap operation.
There’s also Xconomy, a startup business and technology news service covering the San Diego, Seattle and Boston markets, that’s hiring business journalists from daily papers. The Seattle Times now syndicates its content in that market.
And then there’s Melissa Moser, my graduate assistant for the past two years, who defended her thesis earlier this week. She has taken her background as a financial adviser, an internship at Bloomberg News and a passion for multimedia and turned it into a series of short segments online that explain what’s going on in the market.
Moser hopes to syndicate her tutorials on the markets and investing to companies and others who seek education on saving for retirement, buying a house and other personal finance topics. Check it out here: http://www.melissamoser.com/personalwebsite/main/
Moser’s work doesn’t look like your typical personal finance story. And that’s the whole point.
Copyright © 2009 Donald W. Reynolds National Center for Business Journalism