Journalist Gives Yale Gift to Aid Budding Journalists

NY Times: For five years, the man who infuriated professions unused to scrutiny has taught a journalism seminar annually at his alma mater, Yale. Now he and his wife, Cynthia, former Yale classmates, are donating about $1 million in endowment money and additional operating funds for a program to train and provide career guidance to students interested in journalism.

Seattle PI abandons dayparting

Seattle PI.com was an early adopter of dayparting, where the web site’s focus would shift to reflect people’s interest at various times of the day — news in the morning, entertainment in the evening.

Now they’ve abandoned the effort, according to Brian Chin’s Buzzworthy. (T)wo years of hard-won experience made it clear that we can’t be all things to all people all the time. People might want to play games or shop or read celebrity gossip, but they weren’t coming to our site for that (well, maybe for the gossip).”

Executives who think it’s safer to buy a franchise than start a business need to think again.

Fortune Small Business The scant research that exists suggests that, as risky as starting an independent business is, buying a franchise is an even bigger roll of the dice. In the early ’90s Timothy Bates, a professor at Wayne State University, studied Census Bureau data on 20,000 new enterprises and found that 38% of franchise units failed over a four-year period, vs. 32% of independent startups.

If being an entrepreneur sounds appealing, try the tests at WSJ’s StartupJournal.