Joe DiStefano, a business reporter who left the Philadelphia Inquirer nearly a year ago to join Bloomberg News, is returning to the newspaper, beginning Monday, according to an internal announcement.
“For his first task, he’ll be the lead reporter on a December special section that will parse the financial health and economic impact of Philadelphia’s biggest companies. After that, he’ll take on a beat yet to be determined. Please join me in welcoming Joe on his return to Broad Street.”
DiStefano covered the credit card industry and consumer credit for Bloomberg, and was based out of the Wilmington, Del., bureau. Last year, DiStefano had the unenviable task of covering the sale of Knight-Ridder, the parent company of the Inquirer at the time, to McClatchy.
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Thanks for your kind notice. Belatedly, I need to point out that my job for most of my stint at Bloomberg was covering Citigroup and JPMorgan, Chase & Co. on the Finance team in New York, culminating in my November Bloomberg Markets Magazine cover story on the problems and pressures facing Citigroup CEO Charles Prince, who resigned soon after. I was initially hired to write about credit card and consumer lending in Wilmington, but I was quickly reassigned. Sincerely, Joe DiStefano, Philadelphia.