As promised a few weeks ago.
This is not a review of the news today, but of the general coverage of 'business' news in the Sunday papers over time.
Firstly, I happen to think that the coverage is overall actually very good. considering the natural secrecy of corporates, particularly private equity and venture capitalists, together with their easy access to expensive lawyers, a lot of information comes out to us. in fact, with the standard so high I am not surprised the Sunday Business did not make it.
Some of it even within a decent enough timescale to help with buying or selling shares in the market. Having said that, the real money is made these days by the in-house desks of investment banks; if you think that staying up with events by reading newspapers business pages is going to keep you informed enough to compete then think again.
Anyway, enough pre-amble, here are my musings:
1st Place: The Sunday Times, this is quite surprising for me. The daily edition of the newspaper is terrible in its business journalism. Clearly, they have a different breed of hack for the Sunday's edition. The weekly take on a big story is often insightful and balanced. The long interview with a CEO, although fawning, at least provides some depth of character. The columnists are pretty good; except for Irwin Stelzer, but I find him quite funny, similar to The Hitch.
2nd Place: The Sunday Telegraph, it was close. The ST is a good read for business, full of depth. Dan Roberts, the editor, lacks punch in his columns though and is too generous his targets. Always a hard call for journalists that but he falls the wrong side of the line and leads the coverage this way. However, the ST has the best business website by far, better than the revamped Times.
3rd Place: The Observer, As with the weekday output at The Guardian the depth and quality is of a high order. You will be surprised no doubt to hear that I don't buy it often, so to read it as part of this review I found insightful. I don't think the business hacks can have much in common with the others journo's at the paper. They are balanced, insightful and pay less attention to to the Unions than you might think. So what is wrong? Ina word the coverage is great, the columnists are really bad. I give you George Monbiot, moonbat king and Larry Elliot, economics editor for Pravda.
As for the other broadsheets; The Indy, has good detail but such a tilt to the left (today's is a great example) that balance goes out of the window.
The tabloids are somewhat easier, as they don't really have any serious business focus. The MOS, does not even have any information online. In the paper itself a couple of derisory pages are followed by concerns with mortgage rates as you would expect!
The Express, News of the World and Sunday Mirror are all equally worthless; but then they have more serious material to cover.
What do you read and what are your views?