Several times in 2016, a stock trader bought shares of a company that, just minutes later, would be named in a scoop by Bloomberg News deals reporters.
That trader was indicted last week. Bloomberg says it is looking into the matter
One day in July 2016, according to the indictment, the suspect arranged to buy shares of RR Donnelley -- with the purchases starting shortly after 1 pm and ending at 3:48 pm.
At 4:35 pm that afternoon, Bloomberg reported that Xerox was in merger talks w/ Donnelley
This just in: The @nytimes wins its case vs the Trump campaign, which had sued over a column by Max Frankel, former exec editor of the Times.
No actual malice, among other reasons.
"News organizations function as a platform for facilitating constitutionally protected speech on issues of public concern and courts will not impose defamation liability against these entities absent a clear showing of actual malice." iapps.courts.state.ny.us/nyscef/ViewDoc…
For background on this case and two others that the Trump campaign pushed vs CNN and Washpost, here's my piece via @CJR (filed yesterday, as it happens)
"Mr. Peretti said BuzzFeed executives will undertake a review of HuffPost’s business before making any significant moves, such as cutting staff or hiring additional employees" wsj.com/articles/buzzf…
"Benefit from greater scale" is a likely sign that your media merger will go awry
Washpost tonight: “Trump’s tweet [about Pence] came at 2:24 — only 11 minutes after live TV showed Pence being hustled from the Senate floor because rioters were streaming into the building.