Categories: OLD Media Moves

Goldman Sachs confronts Bloomberg about reporter snooping

Goldman Sachs brass recently confronted Bloomberg LP due to concerns reporters at the business news service have been using the company’s ubiquitous terminals to keep tabs on some employees of the Wall Street bank, reports Mark De Cambre of the New York Post.

De Cambre writes, “A Goldman spokesman confirmed that Bloomberg was taking steps to address the issue.

“No reporters have lost their jobs as a result of the snooping issues.

“Bloomberg reporters’ ability to access the special so-called customer relationship management (CRM) information features was a holdover from that ’90s era when reporters also worked with the news organizations sales efforts.

“‘Limited customer relationship data has long been available to our journalists, and has never included clients’ security-level data, position data, trading data or messages,’ said Bloomberg spokesman Ty Trippet.

“‘In light of [Goldman’s] concern as well as a general heightened sensitivity to data access, we decided to disable journalist access to this customer relationship information for all clients,’ he noted.”

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.

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