Two Times Business Section Reporters Win Loeb Award
Two Times reporters have won the 1990 Gerald Loeb Award for Distinguished Business and Financial Journalism, it was announced Monday.
New York-based staff writer Paul Richter and Kathryn Harris, who recently joined Forbes magazine, were named winners in the category of beat/deadline writing for their coverage of the merger of Time Inc. and Warner Communications to form a giant media and entertainment enterprise.
The Loeb Award, established in 1957 and named for the late E. F. Hutton vice chairman, is one of the most prestigious in business journalism. Administered by the John E. Anderson Graduate School of Management at UCLA, the award recognizes journalists who have made a significant contribution to the public’s understanding of business and financial issues. Winning entries are selected by an independent panel of judges on the basis of quality of reporting and writing, news and analytical value, ingenuity and exclusivity.
Other winners were: in the large newspaper category, the Washington Post for a series about former Securities and Exchange Commission Chairman John S. R. Shad; in the medium-sized newspaper category, the Arizona Republic for coverage of the collapse of Lincoln Savings & Loan; in the small newspaper category, Crain’s New York Business for a story on the rise and fall of electronics retailer “Crazy Eddie” Antar; in magazines, Forbes for a piece on America’s best-paid lawyers; in commentary, L. Gordon Crovitz of the Wall Street Journal for columns on alleged abuses of the Racketeer Influenced and Corrupt Organizations law, and an award of special recognition to the Green Bay News-Chronicle for coverage of the struggle of a small-town newspaper to survive and remain independent.
