February 22, 2012 14:46 ET

Winners Announced in SABEW's Best in Business Contest

Reporting on MF Global, Madoff, Mortgage Fraud, Effects of the U.S. Ratings Downgrade Are Honored Among Year's Top Stories

PHOENIX, AZ--(Marketwire - Feb 22, 2012) - The Society of American Business Editors and Writers (SABEW) has announced winners of its 17th Best in Business competition honoring excellence in business journalism across all news platforms.

Bloomberg News, Financial Times and GlobalPost each had nine wins; CNNMoney had eight, and The Wall Street Journal and Bloomberg Markets magazine each took seven. A record 1,030 entries were submitted.

"Business and economic news again produced some of the biggest -- and most competitive -- stories in 2011," said Kevin Noblet, SABEW president and a managing editor at Dow Jones Newswires. "Our Best in Business awards judges found extraordinary coverage of breaking news, dogged investigative efforts, great beat and column writing and fine explanatory journalism."

Awards will be presented March 17 at SABEW's 49th annual conference March 15-17 in Indianapolis. It features White House consumer advocate Richard Cordray, Ford marketing chief Jim Farley, Indiana Gov. Mitch Daniels and Indianapolis Colts owner Jim Irsay.

More than 200 working journalists and academics served as judges. A complete winners list is available at

Other winners included an Associated Press feature on the lawyer representing victims of financier Bernie Madoff, and Madoff was subject of winning efforts in the Financial Times and New York Magazine. Bloomberg News won for its multimedia package on children picking cotton in Burkina Faso, and for news of George Soros returning investor funds.

The New York Times, The Motley Fool, and earned honors for coverage of MF Global's implosion. Breaking news coverage of the August stock market plunge following the U.S. credit downgrade earned honors for The Wall Street Journal, The Boston Globe, CNBC, and MarketWatch Radio.

Bloomberg Markets won for its series on trafficking in human organs, and Bloomberg BusinessWeek uncovered the billion-dollar industry of casinos in strip malls.

The Boston Globe weighed in with an investigation of restaurants using lower grade fish, a series that highlighted lax government oversight. Among several awards, The Detroit News took honors for coverage of Borders' demise and the resurgence of General Motors.

Several news outlets won for coverage of pension issues, including the Providence (R.I.) Journal and USA Today. Real estate issues dominated coverage, from blogs by Orange County Register, to a series on "flipping" by the Ft. Myers (Fla.) News Press. The Sarasota (Fla.) Herald-Tribune won for a piece on foreclosure fees, and the Miami Herald and American Banker also took honors for real estate coverage.

GlobalPost's honors included coverage of changes in Burma and how a major infrastructure project in China will relocate thousands of provincial residents.

Judges honored columns such as Houston Chronicle's Tech Blog and The Score, a sports business blog by the Indianapolis Business Journal. Street and Smith's Sports Business Journal won multiple honors for exposing the secondary ticket market for sporting events.

Contact Information

  • Contact:
    Warren Watson
    SABEW executive director
    Email Contact