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. […]
Blogging and stock price manipulation
Ryan Chittum of Columbia Journalism Review writes about how The Motley Fool faced attempts to manipulate some of its writers into posting items about a questionable penny stock. Chittum writes, “Richards reports the site ‘has banned four bloggers because they submitted suspiciously glowing posts on Goff.’ He also notes that SeekingAlpha, a competitor stock-blogging site, […]
How a Yahoo tech journalist covered the Yahoo deal
Jason Gilbert, a tech reporter for Yahoo, writes about what it was like to cover the company’s announcement that it was rolling out an updated version of Flickr and its acquisition of Tumblr. Gilbert writes, “If you are looking for an even-handed, equanimous, journalistic-ten-commandments version of this story, then you are on the wrong website. […]
When a biz journalist’s phone records get seized
With the controversy of the U.S. attorney general seizing phone records of Associated Press reporters, Gretchen Morgenson of the New York Times writes about when the phone records of a business journalist who wrote critically about a company were stolen. Morgenson writes, “The phone records theft took place in July of that year. The matter […]
Financial firms seeking Bloomberg alternative
Nathaniel Popper of The New York Times reports about how some Wall Street firms are seeking an alternative to Bloomberg LP’s services in the wake of the data and news service company’s snooping scandal. Popper writes, “Two competitors to Bloomberg — Thomson Reuters and Markit — have already signed an agreement to develop the technology, […]
Entitled to snoop in an ego-driven environment
Simon Dumenco of Ad Age deconstructs the Bloomberg snooping scandal and what it means. Dumenco writes, “Bloomberg News’ admitted misuse of its power is worth deconstructing here, in Advertising Age specifically, because we’re one of the more than 440 publications worldwide that license Bloomberg journalism. (Adage.com occasionally runs Bloomberg stories.) “For those of us who […]
What the Bloomberg scandal tells us about the media
Neil Irwin of The Washington Post writes about how the recent Bloomberg snooping scandal illustrates what drives today’s business journalism. Irwin writes, “The interface, while not particularly hard to learn, is not intuitive, so people who are used to it tend to want to stick with it. It is not uncommon for hedge fund types […]
Discussing Friday’s Bloomberg announcement
Here is a video of Chris Roush, Walter E. Hussman Sr. Distinguished Scholar in business journalism at the University of North Carolina, talking with CNBC’s Maria Bartiromo and Steve Liesman about Bloomberg LP’s announcement that it will have an audit of its internal procedures.
Unanswered questions remain in Bloomberg snooping scandal
CNBC senior economics correspondent Steve Liesman writes Friday about the remaining unanswered questions surrounding the Bloomberg snooping scandal. Here are some of them: If editors knew about the issue in 2011, why was the practice only banned in 2013 after Goldman Sachs complained? The appearance, according to Roush, is that clients are calling the shots […]
Bloomberg hires ex-IBM CEO to review internal controls
Bloomberg LP announced Friday the appointment of Samuel J. Palmisano, the former chairman and CEO of IBM, to serve as an independent adviser regarding the company’s privacy and data standards. The financial news and data company has been criticized in the past week after it was disclosed that some of its reporters had access to […]
