May 17, 2005

LOS ANGELES - Bruce G. Willison, chairman of the G. and R. Loeb Foundation Inc. and dean of UCLA Anderson School of Management, today announced the finalists of the 2005 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. View the video announcement.

The Loeb Awards, which are the highest honors in business journalism, have been presented by UCLA Anderson School of Management since 1973.  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 2005 Lifetime Achievement Award recipient is Byron E. “Barney” Calame, public editor designate 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.

Timothy K. Smith, assistant managing editor of Fortune, will receive the 2005 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.

Calame and Smith will receive their career achievement awards at the Loeb Awards dinner, at which the 2005 Loeb Award winners in the 10 competition categories will be announced.  The event will be held Monday, June 27, 2005, in New York City. Lou Dobbs, anchor and managing editor of CNN’s “Lou Dobbs Tonight,” will serve as master of ceremonies. Business Wire will be the sponsor for this year’s gift bags at the event.

“The finalists in this year’s Loeb Awards were selected from 394 entries, which tied last year’s all time record high number of entries,” said Willison.

 The finalists for the 2005 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:

  • Diana Henriques for “Captive Clientele” in The New York Times
  • Walt Bogdanich for "Death on the Tracks” in The New York Times
  • Byron Acohido and Jon Swartz for “Internet Security” in USA Today
  • Steve Fainaru for “The Last Cartel” in The Washington Post

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

  • Robert Little and Mike Adams for "A Billion-Dollar Bet" in The Baltimore Sun
  • Bill Vlasic and Jeff Plungis for "Danger Overhead: Crushed Roofs" in The Detroit News
  • Jenifer B. McKim, William Heisel, Keith Sharon, Valeria Godines and Hanh Kim Quach for "Toxic Treats" in The Orange County Register
  • Alwyn Scott, Brier Dudley and Jake Batsell for "Shifting Fortunes" in The Seattle Times
  • Christopher Carey for "High-Tech Shell Game" in St. Louis Post-Dispatch

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

  • Harvy Lipman and Grant Williams for "Borrowing the Future: a Special Report" in The Chronicle of Philanthropy (Washington, DC)
  • Bob Norman for "Our Mayor, the Lobbyist" in New Times Broward/Palm Beach (FL)
  • Bruce Rushton for "In God We Trust" in Phoenix New Times
  • Craig Troianello for "The China Challenge" in Yakima (WA) Herald-Republic

Magazines Category
The finalists in the magazines category are:

  • Jonathan R. Laing for "Swept Away: How Fannie Mae keeps its losses from sullying the bottom line" in Barron's
  • Charlie McCoy and Ralph King for "Bechtel's Power Outage" in Business 2.0
  • Robert Berner for "The Next Warren Buffett?" in BusinessWeek
  • Charles Fishman for "The Toll of a New Machine" in Fast Company
  • Clifton Leaf for "Why We're Losing the War on Cancer (and How to Win It)" in Fortune

Commentary Category
The finalists in the commentary category are:

  • Robert Barker for "The Barker Portfolio" in BusinessWeek
  • Stephen H. Wildstrom for "Technology & You" in BusinessWeek
  • Dan Haar for "Dan Haar Columns" in The Hartford (CT) Courant
  • Andrew Ross Sorkin for "DealBook" in The New York Times
  • Peter Eavis for "Cracks in Fannie Mae's Foundation" on
  • Kimberley A. Strassel for "Spitzer v. Grasso" in The Wall Street Journal

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

  • Michael Liedtke for "Google IPO" in Associated Press
  • Andrew Ross Sorkin, Steve Lohr, David Barboza, Gary Rivlin and John Markoff  for "End of an Era" in The New York Times
  • Monica Langley, Theo Francis, Scot J. Paltrow, Ianthe Jeanne Dugan, Christopher Oster, Ian McDonald and John Hechinger for "The Risky Business of Risk" in The Wall Street Journal
  • David S. Hilzenrath, Kathleen Day, Carrie Johnson and Terence O'Hara for "Fannie Mae" in The Washington Post

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

  • Jeffrey Krasner and Ross Kerber for "Boston Scientific" in The Boston Globe
  • Bill Vlasic and Jeff Plungis for "Danger Overhead: Crushed Roofs" in The Detroit News
  • Ellen E. Schultz and Theo Francis for "The Short Life of 'Lifetime' Health-Care Benefits" in The Wall Street Journal
  • Ariana Eunjung Cha for "Iraq Reconstruction" in The Washington Post

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

  • David Dietz and Adam Levy for "Investment Conflict on Wall Street" on Bloomberg News
  • Carol S. Remond for "Exposing Small-Cap Fraud" on Dow Jones Newswires
  • John W. Schoen for "The Answer Desk" on
  • Peter Eavis for "Cracks in Fannie Mae's Foundation" on

Television Deadline Category
The finalists in the television deadline category are:

  • Betsy Stark, Justine Schiro and Alice Maggin for "The Rising Price of Oil" on ABC News World News Tonight with Peter Jennings
  • Chris Cuomo, Shelley Ross, Bob Lange, Thomas Berman and Jack Pyle for "Money for Nothing?" on ABC News: Primetime
  • Maria Bartiromo, Tyler Mathisen, Mark Haines, Sue Herera, Dylan Ratigan, Scott Cohn, Bertha Coombs, Diana Olick, Nanette Hansen, Courtney Ford, Lacy O’Toole, Alex Crippen, Robert Contino, Bill McCandless, Bob Fasbender, Judith Dobrzynski and David Friend for "Enron Scandal: Ken Lay Indicted" on CNBC
  • Anne Thompson, Fred Francis, Robert Hager, Don Teague, Jay Blackman, Denise Baker, Richard Latour, Charles Schaeffer, Albert Oetgen, John Reiss and Steve Capus for "Identity Theft" on NBC Nightly News with Tom Brokaw

Television Enterprise Category
No finalists were announced in the television enterprise category. The judging committee has chosen not to select a Loeb Award winner in the television enterprise category for 2005.

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. Fifty preliminary judges representing a broad spectrum of print, online and broadcast media, as well as academia, chose this year’s finalists. The winners are then determined by the distinguished panel of final judges:

  • Lionel Barber, U.S. managing editor, Financial Times
  • Lou Dobbs, anchor and managing editor, “Lou Dobbs Tonight,” CNN
  • Steve Forbes, president and editor-in-chief, Forbes
  • Soma Golden Behr, assistant managing editor, The New York Times
  • John Hillkirk, executive editor, USA Today
  • Robert G. Kaiser, associate editor, The Washington Post
  • Rik Kirkland, global editor, Fortune
  • Mark Morrison, managing editor, BusinessWeek
  • Allan Sloan, Wall Street editor, Newsweek
  • Paul E. Steiger, managing editor, The Wall Street Journal
  • Pamela Thomas-Graham, chairman, CNBC
  • Bruce G. Willison, dean, UCLA Anderson School of Management
  • 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 private 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