Billions of dollars have been spent on acquiring business journalism organizations for one simple reason, it's the one news area that consumers can use to make money. It's also why business journalism is gaining in prominence in the media world, and why journalists, whether they're interested in business and economics stories or not would be wise to know something about how such stories are reported and written. Quartz reporter Melvin Backman advises newcomers to business journalism: Read a lot. Business journalism has had a profound effect on the United States and the millions of people who interact with companies on an everyday basis by purchasing their goods, products and services. In 1941, Barney Kilgore took control of the Wall Street Journal at the age of 32 and turned a newspaper that basically catered to a small subscriber ba.