Shocking Truth About Tabloids and Trading

You would think that WWE would try to let this all pass. But under pressure from all this nonsense, they made one of the larger mistakes in the history of press releases.

The WWE released this press release along the Business Wire, which actually contained clues and a suggestion about what might have transpired.

Cue up another round of tabloid action.

The larger point (the only sane one here) is that with tabloid action comes the involvement of both amateur investors and false business assumptions. In Stern's case, a lot of inexperienced investors were throwing money at the notion that Howard would drive satellite radio to instant heights. With WWE, it is that the business has enormous troubles on its hands -- in terms of steroids and off-kilter employees -- and this will affect the loyalty of its fan base. (As all these problems are known quantities, I don't think so.)

A Little Perspective, Please

While we are on the subject of tabloid trades, let's talk the King of Tabloids, Rupert Murdoch. As he closes in on his pursuit of The Wall Street Journal, let's review the second ancient foundation of Business Press Maven thought: Even the best business publications have a thin and faulty relationship with numbers.

Even if Rupert transforms the Journal into a publication that covers the financial implications of the Paris Hilton jailing, he could improve it if he'd just require the reporters go to real-life numbers school.