A reckoning for Henry Blodget in this week’s ‘New Yorker’
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Business Insider's Henry Blodget tells The New Yorker's Ken Auletta in this week's issue that he loves his job, but that "ten years ago, I got what amounted to a dishonorable discharge from the [banking] industry, and I've always been ashamed of that. At some point, if it seems appropriate, I would like to explore the possibility of being reinstated."
As Auletta shows over the course of his profile, that would be a pretty steep climb. Back in 2001 Blodget was something of a centerpiece of then-Attorney General Eliot Spitzer's campaign to find accountable parties for the dot-com bubble-burst, his public work as an analyst and his private discourse with bankers and other insiders constituting, in the mind of prosecutors, evidence that he was pumping tech stocks he privately knew to be "dogs" or "POS" ("pieces of shit").
That all will seem like ancient history to most of us in the news business, though neither to Blodget nor Auletta nor to many of the people interviewed for the story, including Wall Street insiders and some journalists who are still shocked that someone who was found corrupt as an analyst could somehow find redemption as a journalist.
For his part, Blodget makes a pretty compelling case; since he's not advising investors from his perch at B.I., the analysis is purer.
Anyway, the piece, which is behind the New Yorker paywall now, is pretty much anything you'd want to know about Blodget and his five-year-old website.
Blodget, who I worked for as Business Insider's media reporter in mid-2010, once told me he doesn't read articles about himself. (Not that he's averse to press—on the contrary, he tends to give reporters generous access.)
I wonder whether he can sustain that when it's a profile written by the powerful Auletta. I asked him about it in an email a few months ago, after I got wind that Auletta was reporting on him; he never responded.
He does, however, seem to have read Business Insider alumnus Peter Kafka's handy bullet-pointed and Blodgetized recap post that serves as a helpful summary.
In other news...
The New Yorker's other big media profile this week: Vice. [The New Yorker]
How to get Wall Street Journal reporters on board with shooting video. [Nieman Journalism Lab]
Why everyone was raging on a New York Times obit yesterday. [BuzzFeed]
The "father of rock criticism" has died. [The New York Times]
Richard Rushfeld is out at BuzzFeed. [Fishbowl LA]
The Hollywood Reporter to Deadline's parent company: We're sorry! [The Wrap]
Quote of the day...
Entering Columbia’s Graduate School of Journalism on the Upper West Side of New York, there is academic majesty wherever you look. ... It’s Hogwarts for wizards who type. The announcement that a journalism school has a new dean usually elicits yawns in most quarters — Hey, there’s a new headmaster at the buggy whip academy — but the news that Steve Coll had been named to replace Nicholas Lemann, effective this summer, was greeted as if a new Dumbledore had been named. ... Mr. Coll takes over a school with institutional momentum dedicated to an industry looking for some momentum of its own. He will need to set an agenda, engage the various stakeholders and, like any modern dean, shake the money tree. Come to that, he may think about activating that Twitter account after all.
WARNING: It's April Fool's Day - anything you see on social media that's too good or too bad to be true probably is. #aprilfools— Sree Sreenivasan (@sree) April 1, 2013
Matt Lauer needs "image rehab":
From our inbox...
Internet Week New York is nigh:
Comedy legend and Twitter provocateur Joan Rivers, social media guru Randi Zuckerberg, and rock star designer and architect David Rockwell are among the digital trendsetters who will headline Internet Week New York 2013 (IWNY) from May 20th to 27th, organizers announced today.
Solidifying both New York City's and the festival's status as a global hub where technology, business, and culture meet, the keynoters will be joined on stage by dozens of industry leaders including Bonin Bough, NBC’s Lauren Zalaznick, Warby Parker’s Neil Blumenthal, Airbnb’s Joe Gebbia, and Founders Fund’s Geoff Lewis and Brian Singerman. Over the course of the week, more than 45,000 people are expected to attend over 400 panels, Meetups, exhibits, screenings, parties, and more taking place at IWNY Headquarters at Chelsea’s Metropolitan Pavilion and at venues across the city.
This year marks an ambitious new chapter for the festival, which is now co-presented by Made in New York, the Mayor's Office of Media and Entertainment, and Crain Communications. As part of the Festival’s evolution, organizers announced a range of new programs, partners, and events that will showcase how technology is disrupting the city's flagship industries, from finance, fashion and advertising to arts, entertainment, and media.
New for 2013 at the Festival’s headquarters will be an interactive art group show curated by New York City’s celebrated Eyebeam Art & Technology Center, a Women in Tech Day presented by Meredith and an expanded panel and classroom series curated by Vice exploring hot-button topics like sex, drugs, drones, pirating, and social media reporting from conflict zones. Other new tracks will focus on how technology is revolutionizing beauty, auto, sports, healthcare, law, real estate, and government.
Across the city, flagship events like The 17th Annual Webby Awards, The Webutante Ball, and Time Inc.’s 10 NYC Startups to Watch will be joined this year by a diverse roster of new partners participating in the festival for the first time. Highlights include: OpenCo NYC curated by Battelle Media, which will offer behind-the-scenes visits to New York City’s leading digital companies; The Moth, which will host an open mic storytelling competition for tech-themed tales at Housing Works Bookstore Café; and The People’s Improv Theater, which will explore the future of online comedy with CollegeHumor, Cheezburger, Ground Control, and more.
The full schedule of festival events and speakers will be announced in mid-April.
"New York City stands apart from other cities in that it is the world capital of so many major industries,” said Caroline Waxler, Festival Director of Internet Week New York. "This year’s festival will put an even brighter spotlight on how technology is reshaping where business, fashion, media, entertainment, advertising, finance, and more is heading next.”
“As Internet Week New York enters its sixth year, the phenomenal growth of the festival reflects the technology industry’s expansion here in New York City,” said Rachel Sterne Haot, Chief Digital Officer for the City of New York. “We are honored to partner with Internet Week New York once again in celebrating the vitality, diversity and innovation of our technology community. The Festival attracts tens of thousands of participants every year, supporting local businesses and showing that there is no better place on earth to launch a digital startup.”
Reflecting IWNY’s mission as the ultimate crowd-sourced festival, the public can also help program panels across 13 categories being disrupted by technology as part of the Festival’s Make the Stage competition. The deadline to submit panel ideas is April 3rd and voting closes on April 10th.
Sponsors of Internet Week New York 2013 include: Premier Sponsors Google and AT&T Adworks, and Official Sponsors Vitamin T, Aereo, Sailthru, Buzzfeed (Premier Media Partner), MediaCom (Official Livestream Sponsor), Battelle Media, Criteo, Modern Healthcare, Meredith, Tekserve (Official Technology Sponsor) and UK Trade and Investment (Start-Up City Presenting Sponsor). Partners include: The New York City Mayor’s Office of Media and Entertainment, The Webby Awards, VICE, Advertising Age, BtoB, Creativity, Crain’s Detroit Business, Crain’s New York Business, Modern Healthcare, Nielsen (Official Research Partner), Eyebeam Art and Technology Center (Official Arts Partner), Design Within Reach (Official Design Partner) , Mother, PKPR (Official PR Partner), Sound Ctrl (Music Tech Day Content Partner) , Vault49 (Official Creative Partner), GrandLife’s Soho & Tribeca Grand Hotels (Official Hotel Partners), General Assembly (Official Education Partner), Motherboard (Classroom Partner), Slalom Consulting. Media Partners include: The New York Times (Official News Partner), CBS Interactive, Advertising Age, Flavorpill, Financial Times, and Refinery 29.