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.
Companies 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?
"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.
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Friday, May 17
Media Balks at Band-Aid Shield Law
49 states plus the District of Columbia have some form of shield law giving journalists a degree of confidentiality similar to that which prevents priests, attorneys, and therapists from testifying in court. But the law has failed to gain traction at the federal level, partially due to indifference outside the media industry, and partially due to concerns that the law would hinder criminal and national security investigations.
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Thursday, May 16
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