Money Quotes

Tuesday, March 11, 2008

"They're staring into the jaws of hell."

Junk bonds expert Martin S. Fridson, on the prospects for private equity firm Blackstone.

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Who I Am

John Abell: Before joining LinkedIn I was a journalist at two of the world's most impactful media brands during the most innovative period for journalism since Gütenberg. Now, I've joined a third -- and the innovation has just begun.

Most recently I was Wired's New York Bureau Chief and launched Wired Opinion. Before that I spent 26 years at Reuters, where my career was evenly split between pre-and post-Internet. Pre, I was a reporter, editor and bureau chief. Post, I built the Internet's first real-time news feed, created Reuters' multimedia desk and was the founding editor of reuters.com.

When I started at Reuters the Portabubble was the road warrior's tool of choice. My first mobile reporting tool was a TRS-200. Now I won't leave home without a smartphone and a tablet — laptop optional, so nimble have become mobile devices.

I have been a reporter, correspondent, editor and a bureau chief and a consultant on journalism best practices. I started Reuters New Media’s first joint venture and was running the Reuters/Variety Entertainment Report out of Daily Variety in Hollywood when, in the early '90s, the Internet started being something you didn't just see in quotes.

The day Mosaic was released was positively life affirming, in a Roy Neary sort of way. It was clear that the world was changing at either a frightening or an exhilarating pace, and that I had to be part of it.

A chance to help create the original reuters.com was my ticket across the digital divide. But in going from mainstream to online was more a pivot than a leap.

The "old days" were punctuated with all sorts of soul-searching, student congress-esque debates on "new media journalism" and the new ethics, practices and roles.

A few things became resoundingly clear to me:
* Good journalism has nothing to do with the medium.
* If the medium is the message, you're not doing it right.
* Nothing is more important than aspiring to be correct.

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