Bloomberg Reporters’ Practices Become Crucial Issue for Company

Most journalists dream of uncovering government corruption, landing a big interview or winning a Pulitzer Prize.  But those are not the goals that Thomas F. Secunda, who co-founded Bloomberg L.P. in 1982 with Michael R. Bloomberg, has in mind.

“The only journalism that matters is the kind that moves markets,” Mr. Secunda told the senior staff of Bloomberg News during a recent discussion in the seventh-floor auditorium of the company’s Lexington Avenue headquarters, according to one former Bloomberg journalist in attendance.

The question of how exactly some of those Bloomberg reporters may have uncovered market-moving information has become a critical one for the company.

Read the full story here:  http://www.nytimes.com/2013/06/14/business/media/bloomberg-reporters-tactics-become-crucial-issue-for-company.html

 



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