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.
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 summary.
The textbook and nonfiction publisher -- which is behind the For Dummies how-to series -- reported healthy results for the third quarter, thanks to the education division and currency gains.
The other shoe is about to drop at BusinessWeek. Shortly after taking over the magazine, news giant Bloomberg pruned its staff by a reported 30% and made it known that more downsizing would come sometime before May. Sources say that round will begin Thursday.
