Robert MacMillan of Reuters writes Thursday that the Securities and Exchange Commission has approved a rule that allows companies to post news and information on blogs and Web sites, skipping traditional dissemination steps like press release distributors.
MacMillan writes, “BusinessWire has embarked on a campaign to lobby against the guidelines. In a commentary distributed to industry publications, it said they ‘will lead to investor inequality and market inefficiencies, troubling trends for skittish retail investors, who place a premium on market fairness.’
“Thomson Reuters refrained from criticizing the rules.
“‘We support the free flow of information, champion innovation and continually monitor key websites for breaking news,’ a company spokesman said.
“‘At the same time, we recognize the risks of fragmentation of news flow and would want to guard against the possibility of erroneous or intentionally misleading information being disseminated to investors,’ he added.
“Dow Jones and Bloomberg officials were unavailable for comment.”
Read more here.
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…