NYT, CNBC, Vanity Fair top winners in Loeb awards

Posted By Cody Shotwell

Television, newspapers and magazines were represented among the top winners in the Gerald Loeb Awards, announced June 29 in New York City.

The New York Times, CSNBC and Vanity Fair each won two awards in the competition that recognizes excellence in business journalism.

McClatchy Newspapers, the Los Angeles Times, and the St. Louis Post-Dispatch were also among the newspaper winners.

Kevin Hall, a member of the Board of Governors of SABEW, was honored in the News Services category  for “Goldman, Moody’s and the Collapse of the American Economy.”  Greg Gordon and Chris Adams also were honored.

Summary of winners

The Times’ “Food Safety” investigation, by Michael Moss and Andrew Martin, told the story of 22-year-old Stephanie Smith, who was paralyzed by a contaminated hamburger. That story also won the 2010 Pulitzer for Explanatory Reporting. David Pogue, the Times’ technology blogger, won for Online Commentary & Blogging for his “Pogue’s Posts.”

Ralph Vartabedian and Ken Bensinger of the Los Angeles Times won the Beat Writing award for “The Toyota Recall.”

The Detroit News’ Christine Tierney, David Shepardson and Gordon Trowbridge won the Breaking News category for “GM, Chrysler Nudged Toward Bankruptcy.”

Among Medium and Small Newspapers, The Miami Herald took home a Loeb for “Keys to the Kingdom,” by Michael Sallah, Rob Barry and Lucy Komisar, focusing on how the state’s lax regulation aided Ponzi schemer Allen Stanford.

In the Personal Finance category, the St. Louis Post Dispatch’s Matthew Hathaway, Elizabethe Holland and Jim Gallagher won for “From Prison to the Pinnacle,” which chronicled the rise of auto service-contract marketer US Fidelis and its co-founder, Darain Atkinson.

Wall Street Journal Deputy Managing Editor Alix Freedman was the recipient of the Lawrence Minard Editor Award, which recognizes an editor who does not get a byline. It is named in memory of Laury Minard, founding editor of Forbes Global.

The other winners:

  • Feature Writing: “Wall Street on the Tundra,” by Michael Lewis, Vanity Fair, on the financial meltdown in Iceland
  • Television Enterprise: “House of Cards,” by D. Faber, M. Weitzner, J. Jacoby, J. Landes, P. Ahearn, J. Segelstein and L. Orlando, CNBC, on the global economic collapse
  • Honorable Mention in Television Enterprise: “Black Money,” by Marlena Telvick, Lowell Bergman, Oriana Zill de Granados and Daniel Hirst, PBS Frontline, on international bribery
  • Commentary: “Capitalist Fools” and “Wall Street’s Toxic Message,” by Joseph E. Stiglitz, Vanity Fair, about the mistakes behind the economic collapse and its possible impact on nations’ future choice of economic systems
  • Magazines: “How Bernie Did It,” by James Bandler, Nicholas Varchaver and Doris Burke, Fortune, about the Madoff scandal
  • Television Breaking News: “The Madoff Scandal,” by Scott Cohn, Mary Thompson, Courtney Ford, Wally Griffith and Molly Mazilu, CNBC
  • Business Book: “Too Big to Fail,” by Andrew Ross Sorkin

In addition, Walt Bogdanich, assistant investigative editor of The New York Times, won a Lifetime Achievement Award in the annual competition administered by the UCLA Anderson School of Management.

The awards were established in 1957 by the late Gerald Loeb, founding partner of the brokerage firm E.F. Hutton, to honor journalists who contribute to the understanding of business, finance and the economy.

This year’s competition drew a record 513 entries.

(Information from Editor and Publisher and www.businessjournalism.org was used in this report.)

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