This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer on the State of Business Journalism Today

Editor's note: The following are keynote remarks delivered by Jim Cramer to the Society of American Business Editors and Writers at its 50th anniversary conference this weekend. The subject: the state of business journalism today.

WASHINGTON (TheStreet) -- First, thanks so much to our SABEW hosts. I am thrilled to be here on this 50th anniversary night and I am proud to be amongst the best of the best of our profession.

When I first learned of this opportunity, I was beyond excited to be recognized by my peers. But as I thought more about it, I realized, wait a second, this is like the Academy Awards where someone who has never won anything is honored at the age of 58. It must be be because he's so old he must be on the verge of retiring!!! But I am not going anywhere.

What I would like to do tonight is to give you my view on the state of business journalism today, the arc that I have seen occur, the need we fill, a critique of the quality of reporting and writing in the context of new and even newer media, and a sense of where we are going from here.

First, as now appears obvious but was anything but in 1995-1996 about the time we started TheStreet.com, the Web changed business journalism in so many ways that there truly is a B.W. and A.W. -- "before Web" and "after Web." For us in this room, I think the Web's been a decidedly mixed blessing. On the one hand, we seem to have the greatest proliferation of business journalism outlets in history. Outfits like Seeking Alpha, Business Insider, TheStreet and so many others would not exist without the Web. The portals' origination and reverberation of business journalism on the Web has allowed for a tremendous pervasiveness to occur. Business journalism is everywhere and just a keystroke away. Facebook (FB) and Twitter specifically and social media in general have taken an important step further, maybe the most important, although the sponsorships available in social media could be worrisome. You can now personalize the Web and just look at the stories that pertain to your stocks, or you can get excellent commentary on anything business from any device. I have you all in my phone.

1 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs