NEW YORK--()--The Economist Group and Bloomberg have discovered that certain former CQ employees now employed by Bloomberg were able to use the log-ins and passwords supplied to them during their employment by CQ to continue to access such information while working for Bloomberg and allowed a small number of other Bloomberg employees to do so. The parties have taken appropriate action to ensure that such access did not continue. In addition, Bloomberg has paid an unspecified amount to The Economist Group as compensation for such unauthorized access.
“Bloomberg appreciates that The Economist Group brought its concerns to Bloomberg’s attention, and is pleased that the parties were able to resolve those concerns in a professional and constructive manner.”
Andrew Rashbass, CEO of The Economist Group said: “I appreciate the way Bloomberg have handled this. I have the highest regard for their journalistic ethics. I am confident that this conduct will not reoccur.”
Norman Pearlstine, Bloomberg’s Chief Content Officer, said: “Bloomberg appreciates that The Economist Group brought its concerns to Bloomberg’s attention, and is pleased that the parties were able to resolve those concerns in a professional and constructive manner.”
About The Economist Group
The publications and services delivered under The Economist brand are The
Economist magazine, Economist digital, Economist Intelligence Unit,
Economist Conferences, Economist Corporate Network, Economist
Education, The World In... series and Intelligent Life. The
Group’s other brands include CQ Roll Call and European Voice
(aimed at decision-makers on Capitol Hill and in Brussels respectively)
and EuroFinance, a cash and treasury management event business. The
Ideas People Channel is an advertising channel that connects advertisers
with an intellectually curious audience. The Economist Group is
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government, Bloomberg New Energy Finance and Bloomberg BNA, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world.