And wait until you see who blew the whistle.
"Part of his reporters’ jobs was to keep tabs on customers"
When you combine this with the phone-hacking scandal in Britain it appears the NEWS ORGANIZATIONS THEMSELVES are engaged in SPYING on the PEOPLE!
"Snooping fallout raises ethics flag" by Adam Geller | Associated Press, May 17, 2013
NEW YORK — Launching his namesake company’s news division in the 1990s, Michael Bloomberg largely rejected long-held rules of the journalism trade that insist on keeping thick firewalls between reporters and the profit-making workings of their companies.
Now, a byproduct of Bloomberg’s widely admired and novel business model has ensnared his company in a problem of its own making. But the uproar — revolving around specialized computer terminals unknown to most news consumers, and the reporters who tapped into data showing how high-powered Wall Street customers were using them — is potentially about much more than Bloomberg.
Instead, experts say, it highlights the uncertain and rapidly changing ethical landscape facing companies that, like Bloomberg, are reinventing the news business. And it raises key questions for people who watch the media, most notably this one: As the news business gets reconfigured around advances in technology, what does that mean for the old rules and the people who follow them?
And who read newspapers.
Such tensions are evident in the way Michael Bloomberg himself laid out his company’s ethos. ‘‘Most news organizations never connect reporters and commerce. At Bloomberg, they’re as close to seamless as it can get,’’ the billionaire entrepreneur and current New York City mayor wrote in his 1997 autobiography, penned with the ‘‘invaluable help’’ of the news division’s founding editor in chief.
That meant, Bloomberg wrote, that a key part of his reporters’ jobs was to keep tabs on what customers wanted and needed in order to provide it.
In practice, it has become clear, that meant giving Bloomberg journalists access to data about individual customers’ terminal usage, a practice that progressed from mere service-mindedness to keeping tabs on clients’ habits for reporting purposes.
Bloomberg LP, which started as a provider of sophisticated financial data to bond traders and only later expanded to include a journalistic enterprise, has few direct parallels in media. But it echoes many new ventures in its determination to bypass old journalistic models that depended on well-defined — some would say outdated — relationships with readers and advertisers, to forge new kinds of ties with new types of audiences.
‘‘Many more journalism companies will face the type of competing values that the journalists at Bloomberg faced because, as the economic model for journalism changes, more companies, if they’re successful, are going to look like Bloomberg,’’ said Kelly McBride, who teaches journalism ethics at The Poynter Institute.
Related: Sunday Globe Special: Taking Care of Their Own
Maybe someone should do a mercy killing and put the AmeriKan media out of its mi$ery.
Today’s technology gives many types of news organizations access to information about consumers’ preferences for certain types of content, without clearly settled understandings of how that information should be used. Technology also has made it easier for reporters, and everybody else, to snoop.
Yeah, except MEDIA and GOVERNMENT are the ONLY ONES SNOOPING!!!!!!!!!!!
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Thus far, the Bloomberg eruption has been defined by the arcane: reporters punching keys to track the minutiae of customer behavior that may have been newsworthy, but appears to have been anything but scandalous....
Translation: The AmeriKan media want NOTHING TO DO WITH THIS STORY!
It makes the AP SCANDAL pale by comparison.
The practice became an issue when a Bloomberg reporter told Goldman Sachs managers she had used log-in data to investigate whether a Goldman employee had departed. Goldman Sachs complained, and now the Federal Reserve is examining whether Bloomberg journalists tracked terminal usage by top Fed officials.
That is the only reason this is coming to light, huh?
--more--"
Related: Globe Against Obama's Impeachment
No wonder the Globe isn't concerned about government spying and intimidation of the media.
Also see:
Six Zionist Companies Own 96% of the World's Media
Isn't Bloomberg Jewish?
Declassified: Massive Israeli manipulation of US media exposed
Operation Mockingbird
Why Am I No Longer Reading the Newspaper?
Oh, it's all a s***-show fooley, huh?
NEXT DAY UPDATE:
"Bloomberg LP, the financial news and information service, apologized for the breach of privacy. The Federal Reserve and the European Central Bank have said they are looking into Bloomberg’s use of data."
If they apologized then they did something wrong.
