Bloomberg spikes story about Fox Business

Bloomberg’s editor-in-chief personally killed a feature about the growth of rival Fox Business Network, confusing staffers in the process, reports Brian Flood of The Wrap.

Flood reports, “According to sources close to the situation, Bloomberg’s media reporting team contacted Fox Business Network on Feb. 7 about a story on the sister station of Fox News. Bloomberg reporter Anousha Sakoui’s story was in the works for four months, examining the origins of FBN and why the network’s broad approach to covering business is thriving.

“Sources close to the situation told TheWrap that Bloomberg editor-in-chief John Micklethwait demanded that the story not run, despite months of work and access to several top Fox Business talent and president Brian Jones.

“A source close to the situation said that multiple high-level editors were at a loss as to why Micklethwait killed the story after it was already signed off on and assigned.

“A Bloomberg spokesman told TheWrap, ‘Our longstanding policy has been to avoid writing feature stories on direct competitors in order to avoid a conflict of interest.'”

Read more here.