Biz journalist Dimond, editor of Pulitzer winner on SEC, dies at 81

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Thomas F. Dimond, 81, a former business editor of the Washington Star who moved to The Washington Post and edited a Pulitzer Prize-winning investigation of the Securities and Exchange Commission, died July 31.A story in The Post states, “Mr. Dimond had worked at the Star for more than 20 years when it ceased publication on Aug. 7, 1981. Soon afterward, he joined The Post as an assistant financial editor.“Mr. Dimond immediately became a cornerstone of The Post’s financial and economic coverage. He oversaw Post investigations of insider trading scandals that convulsed Wall Street in the late 1980s and was a…

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News media critic Doctor to set up news outlet

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Ken DoctorOver the past 15 years, Ken Doctor has served as a news media industry critic. Doctor started out as publisher and editor of an alt weekly and he also warns about hedge-fund ownership of news outlets in a column he writes for Harvard University’s Nieman Journalism Lab, reports New York Times.He has also worked as a consultant for media companies and is also the president of Newsonomics. He also held the same post at Content Bridges.Additionally, he has also worked various editorial roles at Knight Ridder New Media, Saint Paul Pioneer Press, Boulder City Camera and Oregon Magazine.Now, at…

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Dow Jones total subs hit 3.8 million, WSJ subs grew 15 percent in the fourth quarter

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Dow Jones & Co., the parent company of The Wall Street Journal, MarketWatch.com and Barron’s, reported fourth-quarter revenues declined $16 million, or 4 percent, to $382 million, according to the earnings press release from parent News Corp.The decline was primarily due to a drop in advertising revenues, which were impacted by COVID-19, partially offset by growth in circulation and subscription revenues.Digital revenues at Dow Jones in the quarter continued to rise and  represented 71 percent of total revenues compared to 63 percent in the same quarter of the prior year.Circulation and subscription revenues increased $16 million, or 6 percent, driven…

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Life after BusinessWeek: 10 years as a digital media entrepreneur

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For the entirety of my professional life, I extensively reported on the people who led some of the world’s most successful companies and many pioneering entrepreneurs. I often would joke that most business and economic reporters would not be able to run a lemonade stand or a shoeshine stand (something I have actually done in my teenage years) on a busy street corner. Now, I had taken the big step to run websites on the world’s cluttered and noisy Internet.I had never had to manage a real P&L, recruit and hire people I would pay out of my own pocket,…

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Bloomberg Media to bundle subscription with The Athletic

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Bloomberg Media will launch a bundled subscription with The Athletic beginning this month, sources tell Axios reporter Sara Fischer.Fischer reports, “Bloomberg Media sees value in partnering with niche media outlets that it thinks can compliment its coverage.“Details: The bundle comes with a discount. Those who purchase the $290 annual Bloomberg.com subscription (originally $415/year) will receive a free trial to The Athletic for six months, while those who opt for the $1.99 monthly subscription (originally $34.99/month) will have three months of free access to the sports news site.”Read more here.

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Bloomberg reporter Waller departs for business school

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Hailey WallerHailey Waller, a reporter for Bloomberg News, left the news organization on Monday and plans to attend business school.Waller has been accepted into the Marshall School of Business at the University of Southern California.Waller was originally scheduled earlier this year to move to London to cover energy, but the pandemic ended those plans. She has been at Bloomberg since September 2016, first as a producer at Bloomberg Television and for the past year as a reporter in New York.Waller also interned at Bloomberg.Waller is a graduate of UNC-Chapel Hill in business journalism. While in school, she worked for Business North Carolina and the North Carolina…

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IoT News – Terbine Launches Global IoT Data Subscription Service

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Over 30,000 data feeds from all 50 states and 100+ countries now accessible via a single portal, searchable by both human and AI “users” saving time and effort in data acquisition for companies.Terbine announced today that it is offering subscriptions to its global IoT data trove to commercial users.The continually expanding index provides fingertip access to sensor readings generated by infrastructure, transportation, meteorology, energy, logistics and many other sectors. The system makes it possible, for the first time, for human users and AI’s alike to rapidly find and retrieve sensor information from sources around the world and apply it to…

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Washington Post’s Fifield leaving for The Dominion Post

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Anna FifieldAnna Fifield will be joining The Dominion Post and Stuff’s Wellington newsroom as editor. Currently, she is the Beijing bureau chief for The Washington Post.Her new role begins in October.Stuff editorial director Mark Stevens said:“Anna has a wonderful reputation; is an amazing journalist and we’re thrilled she’ll be leading our Wellington newsroom during these exciting times for our business.”Fifield began her journalism career with the Rotorua Daily Post and the New Zealand Press Association.She was also foreign correspondent for The Washington Post and Financial Times where she covered major stories including North Korea’s first nuclear test. She was also…

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How Reuters investigated RIte Aid’s use of facial recognition

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Jeffrey DastinJeffrey Dastin, technology correspondent for Reuters, explained how he investigated drug store chain Rite Aid and its use of facial recognition cameras in its stores.Here is an excerpt: “I had wanted to deeply explore an example of facial recognition’s use in the United States. I also had an interest in how the private sector was applying the software, when I heard Rite Aid had a program underway. Early conversations in which sources described one vendor’s links to China and problems with another supplier’s system led me to keep reporting.”Dastin shares some of the challenges during the reporting process: “I wanted…

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Reuters voluntary work from home extended to January 2021

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The following was sent to Reuters staffers on Thursday:Colleagues,I hope that you, your family and your friends are well as we continue to battle this pandemic around the world. Your health and safety are our first priority.We aim to be as clear as possible, to help you plan. The leadership team has therefore decided to extend our voluntary work from home period to January 11, 2021.Countries’ efforts to understand and tackle the pandemic are advancing but, as expected, the picture is uneven. Global health concerns, fluctuating changes in travel restrictions and discussions with our customers indicate this is the right…

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Victoria Beckham to axe 20 workers in bid to keep fashion brand afloat

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Victoria Beckham is set to make 20 staff redundant at her loss-making fashion label to ‘future-proof’ it after the coronavirus pandemic. The news comes just months after reversing plans to furlough employees. Mrs Beckham’s company, with its flagship Mayfair store which sells £2,000 dresses and £1,000 handbags, will also halve the number of annual fashion collections after being hard-hit by the Covid-19 crisis. The blow for the staff come just two months after she came under fire for deciding to furlough 30 members of staff. Public outcry prompted her to reverse the decision, insisting her team’s welfare ‘means everything to…

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Lloyds dives into the red as bank expects £3.8bn of bad loans

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Lloyds Banking Group has plunged into the red after it booked a £3.8bn provision for bad loans arising from the coronavirus crisis. Results covering the first half of the year showed a pre-tax loss of £602m compared to profits of £2.9bn for the same period in 2019. Lloyds said it had set aside £2.4bn for possible loan losses in the three months to June alone as the UK economy became mired in the coronavirus lockdown. It was almost £1bn more than financial analysts had expected. Such provisions have become a staple of bank reporting since the crisis began – with…

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IoT News – Avanci Launches 5G Licensing Platform for the Internet of Things

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New automotive licensing program reviewed by U.S. Department of Justice.Avanci, the one-stop platform for licensing wireless technologies for the Internet of Things (IoT), today launches its 5G automotive licensing program.This important step comes as the auto industry works to develop the next generation of connected vehicles, ensuring that this technology can be shared efficiently and affordably. 5G connectivity will deliver significant value to the automotive sector, building on the use of previous standards in connected vehicles. This program, part of Avanci’s new 5G IoT platform, will enable patent owners and IoT and automotive companies to share 5G standard essential wireless…

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Barclays sets aside £3.7bn as crisis hurts consumer business

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Barclays made provisions of £3.7bn in the first half of the year to cover possible loan losses as the coronavirus crisis took its toll on consumers and businesses. The bank’s latest financial results showed it set aside £1.6bn to cover bad debts during the second quarter – the three months to the end of June – as the lockdown in its core UK market came into full effect. The credit impairment charges and loan loss provisions came in about £200m above the expectations of analysts. They dented group profit before tax for the six months, which fell to £1.3bn compared…

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How Wired assesses and assigns stories

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Wired magazine has posted a tutorial on how it assigns and assesses story ideas.It writes, “WIRED is a publication about change—about the ways science and technology are reshaping the world and what it means to be human. While the subjects of WIRED stories run the gamut from deep dives into the biggest tech companies to Hindu extremism to space food to true crime, every story has technology, science, or innovation as one of its key variables.“The science fiction author William Gibson once said that the future is already here, it’s just unevenly distributed. WIRED stories are often about those places where the future seems to be welling…

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