New York Times Goes Daily with DealBook

The New York Times today launched DealBook, a new online financial news report which brings up to the minute news and exclusives about Wall Street and corporate America to readers free of charge. The online report is an extension of the daily email newsletter of the same name which currently has over 160,000 subscribers.

The DealBook Web site, said the New York Times, will be updated weekdays throughout the market day. Features will include breaking news, analysis of market moving trends, links to relevant financial news from around the Web and dispatches from Times business reporters. The site and the newsletter are both offshoots of a column written in each Sunday’s Times by Andrew Ross Sorkin, the Times’s chief mergers and acquisitions reporter. Sorkin will also edit the online report.

“Like most folks on Wall Street and in corporate America, I spend an inordinate amount of time chasing down leads and trying to keep up with the constant onslaught of financial news,” said Sorkin in a statement. “DealBook brings together all of the most important and relevant news in one place, with the sensibility of a busy executive in mind.”

“The DealBook newsletter, which started in 2001, has gained a loyal and growing readership. This new service takes it to the next level,” added Leonard M. Apcar, editor in chief of NYTimes.com. “This is a dynamic new way for Wall Street power players to get the news they need to compete in today’s tough marketplace.”

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