Friday, March 23, 2007

Some Rare Positive Words on Magazines

Joe Mansueto, founder of the Morningstar analytical colossus, has some rare positive words to say about the magazine business in Folio. The article is here.

Despite online competition, he says, magazines still make good investments. This brief article describes how he pulled off a turnaround at Inc. and Fast Company.

Mansueto is a true visionary, who initiated a mutual fund data system in the early eighties just in time to latch on to the bull market. I used to deal with him occasionally years ago, in connection with Business Week's mutual fund issues. Thanks to Jeff Laderman, BW went with Morningstar instead of Lipper Analytics. Good choice, obviously.

© 2007 Gary Weiss. All rights reserved.

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Wall Street Versus America was published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site.

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