https://www.businessinsider.com/bloomberg-reporters-compensation-2013-12
By Julia La Roche
Business Insider
Dec. 11, 2013
Bloomberg News has an unusual practice of paying some of its reporters
explicitly for publishing "market-moving" stories.
This is one of many metrics that is factored into reporters' annual
bonuses.
This practice is not widespread in the financial news industry, and
journalists we spoke to from other outlets were not aware that it is used
at Bloomberg. We also canvassed traders, bankers and public relations
professionals. None of them had heard this before, either.
Most of the people we spoke to, especially traders, were startled to hear
about this practice, worrying that it might create an incentive for
Bloomberg reporters to "push" or stretch stories with the specific aim of
moving markets. Traders react instantly to headlines and news stories, and
the decisions they make often make or lose significant amounts of money.
We asked Bloomberg about the practice. A company spokesperson acknowledged
it.
[...]
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