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Posts Tagged ‘Matthew Winkler’

Bloomberg EIC: Journalists Using Terminals For Subscriber Information ‘Inexcusable’

The editor-in-chief of Bloomberg News, Matthew Winkler, has posted a letter apologizing for allowing journalists at the company to access some information about individual subscribers to the Bloomberg Terminal. Journalists at the company were able to access some personal information and login activity at executives at major Wall Street firms and even potentially government agencies, in an effort to get scoops on big stories.

As I wrote in “The Bloomberg Way,” our guide for reporters and editors, “The appearance of impropriety can be as damaging to a reputation as doing something improper. Because we hold others accountable for disclosure, we expect the same of ourselves. While disclosing errors of judgment may be embarrassing, the sooner the lapses are reported, the sooner there is nothing more to say….”

Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable. Last month, we immediately changed our policy so that reporters now have no greater access to information than our customers have. Removing this access will have no effect on Bloomberg news-gathering.

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Behind the Scenes at Bloomberg Television

Gabe Sherman examines the evolution of the Bloomberg media empire in the latest issue of New York magazine. Tucked into the piece are a few  interesting details about the television operation:

Under CEO for multimedia Andrew Lack, Bloomberg Television has failed to eat into CNBC’s audience. Last year, talks to partner Bloomberg TV with ABC News broke down. Bloomberg has tried to attract stars, including offering CNBC’s David Faber a mid-six-figure deal. Bloomberg also went after the TimesAndrew Ross Sorkin. Neither could be swayed. Part of the problem is that [Bloomberg News editor in chief Matthew] Winkler remains resistant to adopting some of the entertainment values that could attract an audience.

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