Have you ever read a story in both The New York Times and The Wall Street Journal and come away with two completely different appreciations? I have, and it’s pretty amazing. For me The New York Times is the world’s greatest newspaper. I crave it when it’s not at hand, but I have to give props to the Journal when it comes to business reporting. It’s business reporting is just better.
Here’s an example from articles today about Interpublic Group’s (IPG) troubles with the S.E.C. (IPG is and ad agency holding company.) The Times headline is “Settlement Sought With Interpublic.” It suggests that IPG will be hit by fines. It reads, the S.E.C. “signals that its staff is likely to recommend civil action regarding possible S.E.C. violations.” Because I own some IPG stock, this article doesn’t make me feel too good.
The headline in the Journal is “Probe of IPG May Be Near End.” This article suggests the S.E.C. “intends to recommend a civil action against the recipient. That allows Interpublic to present its side of the allegations, an opportunity to ward off both charges and penalties from the S.E.C.” This one makes me feel good. The Journal article, is longer, includes more detail and nuance, and as is often the case, has a more complete story when it comes to business. It specializes in business. Still, I love the Times, but the two together make an unbeatable combination.