Seven Classic Bad Calls in Business Journalism

Over and over, magazines and newspapers miss the truth about business by a mile. They're so consistently bad, in fact, that the media has been a leading contrary indicator of stock prices and business trends. Here are seven classic examples.

Businessweek: More News for Shorter Attention Spans

The 80-year-old BusinessWeek, now Bloomberg BusinessWeek, has an all-new design intended to pack a lot more information into each page, says editor Josh Tyrangiel. Just about every story is preceded by bullet points that tease its main findings, then tagged by a "Bottom Line" summary.

John Wiley & Sons Reports Higher Profits, Earnings

The textbook and non-fiction publisher John Wiley & Sons -- the corporation behind the "For Dummies" how-to series -- reported healthy profits and earnings for the third quarter, thanks to the education division and currency gains.

BusinessWeek Prepares for Second Round of Layoffs

The other shoe is about to drop at BusinessWeek. Shortly after taking over the magazine, business news giant Bloomberg pruned its staff by a reported 30%, and made it known that another round of downsizing would come sometime before May. Sources say that round will commence on Thursday.