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Posts Tagged ‘Bloomberg News’

Patrick Smith Recalls Bloomberg, Tribune Apologies

The headline for Patrick Smith‘s latest Salon op-ed is a good one: “Get Over Yourself, New York Times. You’re Not Standing Up to Anyone.”

SalonLogoBut the first few sentences of his article might be even better:

They say fiction has had its day, given over to Brooklyn-dwellers with nothing to say. True and not. Our newspapers provide splendid fiction. It is a golden age.

From 1985 to 1992, Smith was the International Herald Tribune bureau chief in Hong Kong and then Tokyo. During that time, he also wrote “Letter from Tokyo” for the New Yorker.

He takes informed, cynical stock of the current struggles of the New York Times and Bloomberg News to get their China-correspondent visas renewed for 2014. Smith also candidly explains how he sometimes failed the related white-knight test:

My own batting average is one for three. I was expelled from Singapore in the early 1980s, and my magazine at the time, the regrettably defunct Far Eastern Economic Review, kept the bureau open and listed it on the masthead with a blank where the bureau chief’s name would have gone. This went on for years.

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Morning Media Newsfeed: Champion’s New Channel | China Inspects Bloomberg | Apple Buys Topsy

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Sam Champion Leaving ABC for The Weather Channel (TVNewser)
Sam Champion, weatherman for ABC’s Good Morning America, is leaving ABC and joining the Weather Channel. It’s the first talent departure at the No. 1 morning show in more than two years. Champion, an ABC veteran, has been GMA‘s weather anchor since 2006. He joined ABC 25 years ago as weather anchor for WABC in New York. Champion will be the face of the Weather Channel and also its managing editor. Beginning next year, he’ll anchor a morning show that on many days will be hosted remotely. NYT Both Champion and his boss at ABC News, Ben Sherwood, described the decision to leave GMA as a “once-in-a-lifetime opportunity” for a weather aficionado. Champion is not a meteorologist, but has been involved in coverage of numerous weather events at ABC in recent years, including the devastation caused by Hurricane Sandy last year. ABC News won a Peabody Award for its coverage of that storm. NY Post ABC News meteorologist Ginger Zee will take over his weather responsibilities at the morning show and network. TheWrap “[Champion] is already one of the top names in morning television, as well as one of the country’s most respected and trusted weather reporters,” said Weather Channel president David Clark. “He will add a great deal to our network and be a great addition to our already proven and stellar team of talented weather professionals.” TVNewser Champion sent a note to his ABC “family” thanking them for the support and giving hints as to why he left the No. 1 morning show.

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AP Promotes Kevin Shinkle to Business Editor

Kevin ShinkleKevin Shinkle joined the Associated Press as assistant business editor in 2008, at the height of the financial crisis. He was later promoted to deputy business editor and now, with Hal Ritter moving over to AP’s weekend news desk, he has been promoted once more to business editor. He will oversee the wire service’s worldwide business/finance coverage.

From today’s announcement:

“We are thrilled to have Kevin build on the great success he’s had over the past several years in guiding AP’s coverage of the business world through the most tumultuous of times,” said Lou Ferrara, the AP managing editor overseeing business, sports and entertainment coverage.

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Acura Sponsors a Show About Other Cars

A perfect Jerry Seinfeld premise, don’t you think?

AcuraNSXPer a recent interview piece by LA-based Bloomberg reporters Alan Ohnsman and Andy Fixmer, the second season of the comedian’s Crackle Web series Comedians in Cars Getting Coffee has a single sponsor – Acura. Although one episode featuring Sarah Silverman includes some product-placement conversation, Honda/Acura is basically paying for the privilege of wrapping online ads and a “Presented by” banner around Seinfeld rhapsodizing about other brands:

“From a traditional viewpoint, a lot of car companies or marketers would have dismissed this opportunity because he has other cars in it,” said Honda senior vice president Mike Accavitti. “I appreciate the old Porsche that he wants to show or the big Rolls-Royce that he wants to go pick up someone up in, the old Beetle he uses to get Larry David.”

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Bloomberg News Review Prompts Standards Editor and Ombudsman Hire

After it was revealed that Bloomberg News staffers had used their terminals to spy on Goldman Sachs workersMatthew Winkler, editor-in-chief of Bloomberg News, said the “error was inexcusable” and promised swift changes. That process has now started.

In a review of Bloomberg News’ operations, Clark Hoyt — the former New York Times public editor — suggested the company hire a standards editor and an ombudsman. Bloomberg News is complying with Hoyt’s recommendations. In a letter, Bloomberg’s president, Dan Doctoroffexplained:

We will appoint an Independent Senior Editor to serve as an independent avenue of appeal for issues and complaints around news coverage. This new position will assist in the ongoing development of best ethics practices and training on them. This individual will report to Bloomberg’s Chief Content Officer within the Office of the Chief Executive rather than the news organization.

We will establish a newsroom Standards Editor with the responsibility for making sure that News consistently adheres to The Bloomberg Way’s high standards for accuracy, rigor in reporting, balance and tone.

Should Bloomberg Vet Have Been Fired for Headline Flub?

The editor-in-chief of USA TODAY has tweeted words of support this morning for John Pickering, a Bloomberg News editor fired last week for inputting and tweeting out an incorrect breaking-news headline.

The Thursday mistake, which misreported a trial verdict pertaining to former Goldman Sachs vice-president Fabrice Tourre, was noted by The Huffington Post. On Friday, Keith Kelly of the New York Post followed with the news that Pickering, the editor responsible for the upside-down headline, had been fired.

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Caleb Solomon Leaves Boston Globe for Bloomberg News

Caleb Solomon has been named editor-at-large for Bloomberg News’ Top News. Solomon comes to Bloomberg from The Boston Globe, where served as the paper’s managing editor. He had been with the Globe since 2003.

Prior to the his time at the Globe, Solomon worked at The Wall Street Journal.

Solomon begins June 17, and he will report to Bloomberg News’ executive editor, Marty Schenker.

Bloomberg News Editor on Spying: ‘The Error is Inexcusable’

Matthew Winkler, editor-in-chief of Bloomberg News, has issued a mea culpa for those staffers who used their Bloomberg Terminals to spy on Goldman Sachs workers. Winkler explained that the practice of using the Terminals to access log-in information dates back to the beginning of Bloomberg News. ”There was good reason for this, as our reporters used to go to clients in the early days of the company and ask them what topics they wanted to see covered,” wrote Winkler. “Understanding how clients used the terminal was more important then.”

While Winkler didn’t say how many staffers were spying, he did admit that Goldman Sachs was right to confront the company about the Terminal use. “Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable.” He added that the function that allowed staffers to monitor Goldman Sachs has now been disabled.

Nothing helps move a bad story forward like bluntly admitting you were wrong and vowing to do better, so this is a smart move by Winkler. As long as no more complaints bubble up, we imagine this apology will go a long way toward ending the discussion.

Bloomberg News Reporters Caught Spying on Goldman Sachs Workers

Goldman Sachs is rightfully upset with Bloomberg LP and some reporters at Bloomberg News. The New York Post reports that execs at the investment firm confronted Bloomberg LP after realizing that Bloomberg News staffers were using Bloomberg Terminals to essentially spy on Goldman Sachs’ activity.

Sources told the Post that Bloomberg News reporters could see when Goldman Sachs workers logged in and what specific information they had accessed. In one case, a reporter asked a Goldman exec if someone had left the firm, because that person hadn’t used the terminal recently.

“You can basically see how many times someone has looked up news stories or if they used their messaging functions,” the “Goldman insider” explained. “It made us think, ‘Well, what else does [Bloomberg] have access to?’”

Once notified of Goldman’s concerns, Bloomberg LP “decided to disable journalist access to this customer relationship information for all clients,” said a spokesperson.

Tina Brown: ‘We Do Not Have Enough Respect for Content Anymore’

Tina Brown, in an appearance on Bloomberg TV’s Market Makers, said that the business side of journalism basically ruins everything. At one point she said that the focus on numbers is “soul destroying” and that “We do not have enough respect for content anymore.”

“There is less respect for the editorial process then there ever was amongst business folks,” continued Brown. “The people who write the checks basically think there is less of a sense that editorial people can have some integrity and stay aloof and say, ‘this is business and this is news,’ and many people in media profession feel like too much of that has been eroded, and there must be some respect for the integrity of news or we will be a very ill-informed nation.”

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