Fake news story sends railroad stock soaring
Shares of Kansas City Southern soared last week after a fake Spanish website reported that it would be bought for a higher price than initially offered, reports Crystal Kim and Heather Perlberg of Bloomberg News. Kim and Perlberg report, “But a dispatch last Thursday from a website called El Negocio said Blackstone and a partner […]
Lawsuit: Bloomberg censored stories about UAE to boost sales
Editors at Bloomberg News “censored” stories about the United Arab Emirates and pressured a reporter to reveal her sources in order for the company to boost its sales in the region, reports Kevin Dugan for Business Insider. Dugan reports, “Nafeesa Syeed, a veteran national security reporter in the company’s Dubai and Washington, DC bureaus, claims that the […]
Biz journal leaves civic group after leader disparages Black Lives Matter
The North Bay Business Journal in California has pulled out of the Sonoma County Alliance, the latest major organizations to leave the influential civic group after its president last month authored a public letter widely viewed as disparaging the Black Lives Matter movement, reports Bill Swindell of the Press Democrat. Swindell reports, “Joining those leaving the alliance […]
ACBJ to address diversity within the company
Whit Shaw, the chief executive officer of American City Business Journals, wrote about how the parent company of 43 business journals will address diversity within the company. Shaw writes, “We are reviewing recruiting and hiring practices across the entire company. These reviews will lead to concrete action steps aimed at significantly improving the racial diversity […]
Case against government leaker discloses relationship with CNBC reporter
The federal government’s case against an employee alleged to have leaked information to a reporter has disclosed that the source was in a relationship with, and sent information to, CNBC reporter Amanda Macias, reports Erik Wemple of The Washington Post. Wemple reports, “During that time, according to the Justice Department, Macias published eight articles containing classified information about […]
Indictment alleges writer paid to promote a bitcoin
A federal indictment alleges that a disgraced lobbyist paid a writer to promote a bitcoin in publications such as Investor’s Business Daily, reports Will Sommer of The Daily Beast. Sommer reports, “Much of the SEC complaint focuses on articles that appeared to have been written by Peter J. Ferrara, a senior fellow at the conservative Heartland Institute. […]
BuzzFeed fires senior tech/business reporter Broderick for plagairism
BuzzFeed News has fired a senior reporter it says plagiarized or misattributed information in at least 11 of his articles, reports J. Clara Chan of The Wrap. Chan reports, “The reporter, Ryan Broderick, was the author of 11 articles linked in a Friday evening note to readers from BuzzFeed News’ editor in chief, Mark Schoofs, who said the articles […]
Bloomberg’s Micklethwait: We will build our equality coverage
Bloomberg News editor in chief John Micklethwait sent out the following to the editorial and research staff on Monday: In our Town Halls this month we talked about doing more to cover equality. We have done a lot of good stories since then, with contributions from all over the newsroom. But we know we need to focus […]
Bloomberg staffers express concern about slow Floyd coverage
Bloomberg News staffers have expressed concerns in a meeting that the news organization hadn’t been aggressive enough in its coverage of the protests stemming from George Floyd’s killing, reports Khadeeja Safdar, Jeffrey Trachtenberg and Benjamin Mullin of The Wall Street Journal. Safdar, Trachtenberg and Mullin report, “Prior to the recent protests, there had already been […]
Portland tech site Digital Trends faces criticism of racism, hostility
Portland technology news site Digital Trends is facing an outcry from current and former employees over accusations of a hostile workplace, racial insensitivity and a lack of diversity among employees, reports Mike Rogoway of The Oregonian. Rogoway reports, “Concerns center around a 2018 party, described either as a ‘Hip Hop Party’ or a ‘Gin and Juice’ party. […]
