Bloomberg’s ‘Spygate’ Marks Murdoch’s Latest Salvo

It’s been 13 days since The New York Post‘s Mark DeCambre broke the news that Bloomberg reporters allegedly used proprietary information from the company’s terminals to write about investment bankers, including those at Goldman Sachs.

In a media feeding frenzy fueled in part by Schadenfreude, the Post has beat a steady drum.  The U.S. tabloid of Rupert Murdoch’s sprawling News Corp., the Post can’t seem to get enough of a story that places rival Bloomberg uncomfortably in the spotlight.

And no wonder.  Keeping Bloomberg’s perceived and real transgressions in the news cycle is arguably good for Murdoch’s own newsgathering operations, The Wall Street Journal, Dow Jones Newswires and the Post.

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