Fortune, which shares a parent, Time Warner Inc. (NYSE: TWX), with BloggingStocks, struck out this week. What I mean is that it published three articles -- each of which I think completely missed the boat. I really like when Fortune gets an in-depth interview with interesting business leaders. But sometimes, it goes too far praising its subjects.
That may have been what happened in the three stories where I think Fortune whiffed:
- Providence Equity Partners. Fortune had a cover story praising Providence Equity Partners for closing the biggest private equity deal ever. Unfortunately, as I posted, that $52 billion deal fell apart this week. To be fair, Fortune updated its online version of the article with this information. Strike One.
- Bernanke saves the day. Fortune posted an article praising Bernanke for stopping the slide in the stock market with his fast interest rate cuts and emergency lending. This week that illusion was burst as the Dow lost 507 points. Strike Two.
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