Categories: OLD Media Moves

Bloomberg’s Winkler: Error is inexcusable

Bloomberg editor in chief Matt Winkler writes that the error allowing the news service’s journalists to see information about its clients on its terminals is “inexcusable.”

Winkler writes, “As we’ve grown, and as data privacy has become a central concern to our clients, we should go above and beyond in protecting data, especially when we have even the appearance of impropriety. And that’s why we’ve made these recent changes to what reporters can access.

“This leads to a second point lost in much of this weekend’s conversation: The protection of important customer data has been essential at Bloomberg since our founding more than 30 years ago. We have never compromised the integrity of that data in our reporting.

“At no time did reporters have access to trading, portfolio, monitor, blotter or other related systems. Nor did they have access to clients’ messages to one another. They couldn’t see the stories that clients were reading or the securities clients might be looking at.

“Like all other Bloomberg employees, our reporters, upon hiring, enter into a confidentiality agreement that strictly prohibits them from discussing non-public Bloomberg documents and proprietary information about the company and its clients in their reporting.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

View Comments

Recent Posts

NY Times DC bureau chief Bumilller returning to reporting

New York Times executive editor Joe Kahn sent out the following on Thursday: Without a doubt, the…

46 mins ago

Reis joins SoFi for personal finance newsletter

Helen Reis has joined SoFi as deputy newsletter editor for its new On the Money…

2 hours ago

The FT is expanding its food and drinks coverage

The Financial Times has announced the appointment of Jay Rayner as restaurant critic, Tim Hayward…

3 hours ago

Dow Jones Newswires launches Korean language service

Dow Jones Newswires has launched its first artificial intelligence-enabled language service. The Dow Jones Korean…

3 hours ago

Delano, KDKA money and politics editor, is retiring

Jon Delano, money and politics editor for KDKA-TV since 2001, will retire on Dec. 1.…

4 hours ago

Howard joining Bloomberg’s financial regulation team

Bloomberg News journalist Megan Howard is joining its financial regulation team. She has been team leader for…

4 hours ago