Monday, June 13, 2011

WSJ Still Best in Business Reporting

Despite mass exodus of key staff, the WSJ is still the best in business reporting. The story about Libya's investment in a Goldman fund is one of the examples. There are several reasons for this, one, tradition, the paper is traditionally good at business reporting; two, sources, the paper still has best business sources; three, position, not like the NYT, which reports business news from consumers' point of view, the WSJ focus on investors, thus their stories are more in-depth and closer to professionals. The NYT is too eager to please general readers. The NYT's DealBook is still not resourceful enough to get exclusive scoops.

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