May 09, 2003

LOS ANGELES — Bruce G. Willison, chairman of the G. and R. Loeb Foundation, Inc. and dean of The Anderson School at UCLA, today announced the finalists of the 2003 Gerald Loeb Awards for Distinguished Business and Financial Journalism. He also announced the recipients of the Lifetime Achievement Award and the Lawrence Minard Editor Award.

The Anderson School at UCLA is celebrating its 30th anniversary presenting the Loeb Awards, which are the highest honors in business journalism. The Loeb Awards recognize writers, editors and producers of both print and broadcast media for significant contributions they make to business, financial and economic journalism.

The 2003 Lifetime Achievement Award recipient is Floyd Norris, chief financial correspondent of The New York Times. This annual award recognizes an individual whose career exemplifies the consistent and superior insight and professional skills necessary to further the understanding of business, financial and economic issues.

Glenn Kramon, business editor of The New York Times, will receive the 2003 Lawrence Minard Editor Award, named in memory of Laury Minard, founding editor of Forbes Global and a former final judge for the Loeb Awards. This award honors excellence in business, financial and economic journalism editing and recognizes an editor whose work does not receive a byline or whose face does not appear on the air for the work covered.

Norris and Kramon will receive their career achievement awards at the Loeb Awards banquet and presentation ceremony, at which the 2003 Loeb Award winners in the 10 competition categories will be announced. The event will be held Monday, June 30, 2003, at The Plaza in New York City. Lou Dobbs, host of CNN's "Lou Dobbs Moneyline," will serve as master of ceremonies.

"The finalists in this year's Loeb Awards were selected from a near record number of entries," said Willison. "We received a total of 383 entries, just two away from the all time high."

The finalists for the 2003 Loeb Awards in the print and broadcast categories are as follows:

Large Newspapers Category
The finalists in the large newspapers category (circulation of more than 400,000) are:

  • David Migoya for "Meat Series" in The Denver Post
  • Walt Bogdanich, Barry Meier and Mary Williams Walsh for "Bad Medicine 'Medicine's Middlemen'" in The New York Times
  • David Cay Johnston, Geraldine Fabrikant, Gretchen Morgenson, David Barboza, Alex Berenson and Stephen Labaton for "Corporate Greed" in The New York Times
  • David Cay Johnston for "Tax Dodgers" in The New York Times
  • Alec Klein for "AOL's Advertising Deals" in The Washington Post

Medium Newspapers Category
The finalists in the medium newspapers category (circulation between 150,000 and 400,000) are:

  • Becky Yerak, Karen Talaski, Hawke Fracassa, Francis X. Donnelly, David Shepardson, Bill Vlasic and Mark Truby for "Kmart's Road to Bankruptcy" in The Detroit News
  • Brent Walth and Kim Christensen for "PERS" in The Oregonian (Portland, OR)
  • Karl Schoenberger for "Where Computers Go to Die" in the San Jose Mercury News
  • Deborah O'Neil and Jeff Harrington for "The CEO and His Church" in the St. Petersburg (FL) Times

Small Newspapers Category
The finalists in the small newspapers category (circulation of less than 150,000) are:

  • Wesley Loy for "On the Rocks" in the Anchorage Daily News
  • Cadence Mertz for "Anatomy of a Scandal" in The Burlington (VT) Free Press
  • Paul Goldberg for "ImClone Data Insufficient to Evaluate Cancer Drug" in The Cancer Letter (Washington, DC)
  • Eric Eyre and Scott Finn for "A License to Steal" in The Charleston (WV) Gazette

Magazines Category
The finalists in the magazines category are:

  • Charles Fishman for "Your 401k is Making a Statement" in Fast Company
  • Daniel Lyons for "Bad Boys" in Forbes
  • David Whitford for "Back from the Brink" in Fortune Small Business
  • Hal Lux for "Nationalities of Convenience" in Institutional Investor

Commentary Category
The finalists in the commentary category are:

  • Graef 'Bud' Crystal for "Sweetening the Corporate Suite" in Bloomberg News
  • Mathew Bishop for "Finance and Economics Commentary" in The Economist
  • Jerry Flint for "Auto Industry Commentary" in Forbes
  • Robert J. Samuelson for "Series of 2002 Columns" in Newsweek

Deadline Writing Category
The finalists in the deadline writing category are:

  • John Schmeltzer for "Bankruptcy of United Airlines" in the Chicago Tribune
  • Becky Yerak, Karen Talaski, Hawke Fracassa, Francis X. Donnelly, David Shepardson, Bill Vlasic and Mark Truby for "Kmart's Road to Bankruptcy" in The Detroit News
  • David Colker. James Flanigan, James Granelli, Jon Healey, Glenda McCarthy, Joseph Menn and Jube Shiver Jr. for "The Microsoft Antitrust Case Settlement" in the Los Angeles Times
  • Rebecca Blumenstein, Gregory Zuckerman, Jared Sandberg, Shawn Young, Susan Pulliam, Deborah Solomon and Carrick Mollenkamp for "WorldCom's Whirlwind Demise" in The Wall Street Journal

Beat Writing Category
The finalists in the beat writing category are:

  • Stephen Labaton for "Inside the S.E.C." in The New York Times
  • David Cay Johnston for "Tax Dodgers" in The New York Times
  • Mark Maremont and Laurie P. Cohen for "Executive Privilege at Tyco" in The Wall Street Journal
  • Ellen E. Schultz and Theo Francis for "Insurance: Who Benefits?" in The Wall Street Journal
  • Alec Klein for "AOL's Advertising Deals" in The Washington Post

News Services or Online Content Category
The finalists in the news services or online content category are:

  • Steve Scherer, Art Pine, Will Edwards, Helmuth Tromm, Gregory Viscusi and Tom Giles for "Lagging Europe" on Bloomberg News
  • Jon D. Markman for "SuperModels" on CNBC on MSN Money
  • Mike Ricciuti for "A Mortal Microsoft" on CNET
  • Carol S. Remond for "In the Money/Investco" on Dow Jones Newswires

Television: Short Form Category
The finalists in the short form television category are:

  • Brian Ross for "Enron Investigation" on ABC News
  • Ed Forgotson Jr., Robin Skeete and Joie Chen for "Derailed" on CBS News Sunday Morning
  • David Faber for "David Faber Breaks WorldCom" on CNBC
  • Terence Smith, Lester M. Crystal, Anne Davenport and Ilyse Veron for "Cable News Wars" on The News Hour with Jim Lehrer
  • Paul Solman, Lester M. Crystal, Mary Jo Brooks, Lee Koromvokis, Merrill Schwerin and Jeffrey Brown for "Explaining Enron" on The News Hour with Jim Lehrer

Television: Long Form Category
The finalists in the long form television category are:

  • Audrey Latman and Arnold Diaz for "Payola" on ABC News
  • Scott Pelley and David Schneider for "Taken on Faith" on CBS News: 60 Minutes II
  • Craig Cheatham, Mark Hadler and Andrea Torrance for "La Oroya, City of Lead" on KMOV-TV (CBS affiliate, St. Louis, MO)
  • Dan Dare and George Mitchell for "Trashed Transactions" on WATE-TV (ABC affiliate, Knoxville, TN)

The judges select finalists and winners based on quality of reporting and writing, news and analytical value, originality and exclusivity, and in the broadcast categories, production value and visual impact. Forty preliminary judges representing academia and a broad spectrum of major media chose this year's finalists. The winners are then determined by the distinguished panel of final judges:

  • Rance Crain, president and editorial director, Crain Communications, Inc.
  • Lou Dobbs, host of "Lou Dobbs Moneyline," CNN
  • Mary Anne Dolan, former editor, Los Angeles Herald Examiner
  • Steve Forbes, president and editor-in-chief, Forbes
  • Soma Golden Behr, assistant managing editor, The New York Times
  • John Hillkirk, managing editor, Money section, USA Today
  • John Huey, editorial director, Time, Inc
  • Robert G. Kaiser, associate editor, The Washington Post
  • Mark Morrison, managing editor, BusinessWeek
  • Allan Sloan, Wall Street editor, Newsweek
  • Paul E. Steiger, vice president and managing editor, The Wall Street Journal
  • Richard C. Wald, consultant, ABC News
  • Bruce G. Willison, dean, The Anderson School at UCLA
  • Matthew Winkler, editor-in-chief, Bloomberg News

The Loeb Awards were established in 1957 by Gerald Loeb, a founding partner of E.F. Hutton, to encourage quality reporting in the areas of business, finance and the economy in order to inform and protect investors and the general public.

For more information about the Loeb Awards, please visit the Loeb Awards Web site at, or e-mail, or call the Loeb Awards office at (310) 206-1877.

Media Relations