Bloomberg continues to lose longtime reporters because it values financial services over journalism. On Monday, Bloomberg News editor Ben Richardson, based in Hong Kong, resigned after 13 years with the company over the mishandling of an investigative piece -- it was unceremoniously spiked -- about a Chinese entrepreneur's financial ties with Communist Party leaders and their families.
"Is Beijing about to Boot the New York Times?" asks the headline to this Foreign Policy article (not paywalled!) by Isaac Stone Fish. It's a fair bit of speculation: 12 Times journalists are apparently anxiously waiting for their annual visa renewals, as revealed by two sources speaking to FP on background. (Emphasis on either "anxious" or "still waiting," depending on your level of cynicism about media / China.) About a dozen Bloomberg journalists are reportedly in the same boat.
The latest column from New York Times public editor Margaret Sullivan is about China: an article that first summarizes why it's becoming increasingly difficult for foreign correspondents to work here, then reminds its readers that the Times remains -- unlike Bloomberg, I think is clearly one implication -- a news company first and foremost.
If you haven't been following the story of Bloomberg vs. the New York Times, start here. That's NYT's article, built around an anonymous source within Bloomberg, claiming that Bloomberg editor-in-chief Matthew Winkler spiked a sensitive China story due to pressure.