Bloomberg complained about Reuters deal with Michigan
Bloomberg News editor in chief Matthew Winkler complained last year to the University of Michigan about its relationship with Thomson Reuters that allows the financial news and data company to provide consumer confidence data to some traders early for a fee. Brody Mullins, Michael Rothfeld, Tom McGinty and Jenny Strasburg of The Wall Street Journal write, “Matthew […]
How Thomson Reuters gives some traders an advantage
Eamon Javers of CNBC reports how Thomson Reuters is allowing a consumer confidence number that routinely moves markets upon release to be accessed by an elite group of traders, for a fee, a full two seconds before its official release. Javers writes, “For exclusive access to the data, Thomson Reuters pays the University of Michigan […]
Bloomberg investing in companies that it covers
Nicole Perlroth of The New York Times writes about how Bloomberg LP has invested in tech companies that its news operation writes about. Perlroth reports, “It is not the first time that Bloomberg L.P. has put its money in technology companies. It is a limited partner in Andreessen Horowitz, a venture capital firm with investments […]
The questions that remain at Bloomberg
Steven Brill writes for Reuters about the many questions that remain unanswered about the Bloomberg News snooping scandal. Brill writes, “Second, Bloomberg is known for its rigorous training of reporters and a top-down control regime run by long-time editor in chief Matthew Winkler. So, if I were reporting this story, I would ask how much […]
Does the biz media get stories wrong?
Conor Friedersdorf of The Atlantic responds to “The American Pravda,” a provocative article by Ron Unz of The American Conservative that dissects why American media is so bad. Here is the argument regarding business journalism, and Friedersdorf’s response: Having described the failure of the press to uncover impending doom at Enron or Bernie Madoff’s hedge […]
No, I don’t shill for companies or own stocks
Barron’s veteran Tiernan Ray writes on its Tech Trader Daily blog about how he responds to allegations that his business journalism is influenced by outside forces. Ray writes, “I adhere to the Dow Jones rule of conduct, which is that I do not write about anything in which I have a financial interest. I got rid […]
How Wall Street rivals joined together against Bloomberg
Susanne Craig and Jessica Silver-Greenberg of The New York Times write Friday about how Wall Street rivals Goldman Sachs and JP Morgan joined together to complain to Bloomberg about how its reporters were using the Bloomberg terminal to snoop on its bankers. Craig and Silver-Greenberg write, “Goldman’s public relations chief, Jake Siewert, a former Treasury […]
Why California biz journal is running ad from Texas
Jack Robinson, the editor of the Sacramento Business Journal, writes about why the paper is running an advertisement that aims to lure business to Texas. Robinson writes, “In calls and at business meetings, a handful of readers have questioned why the Sacramento Business Journal is running ads from The Woodlands, a planned community near Houston […]
NYPost: Bloomberg CEO frustrated he can’t hold editor accountable
Bloomberg LP CEO Dan Doctoroff has privately expressed frustration with founding Editor-in-Chief Matt Winkler’s Teflon status in the fallout from the company’s spying scandal, reports Mark DeCambre of the New York Post. DeCambre writes, “A source said while Doctoroff has made his feelings known to some clients and colleagues, he has also indicated his hands […]
When the IRS obtained a biz reporter’s phone records
Gregory Millman of The Wall Street Journal writes about the time that the Internal Revenue Service secretly obtained his phone records. Millman writes, “My first-hand experience of this came when agents of the Secret Service (then part of the Treasury Department, now part of the Department of Homeland Security) appeared at my door in 1991. […]
