Michael Forsthye was escorted from Bloomberg’s Hong Kong office on Nov. 14, sources said, after he was fingered as the person who leaked embarrassing claims about how the news and data giant spiked a story that could have angered leaders in China.
An unidentified journalist, in a story in the New York Times Nov. 9, claimed Matt Winkler, editor-in-chief of Bloomberg News, spiked the story because he feared angering the Chinese government could get the company’s profitable data terminals kicked out of the country.
Winkler has strenuously denied the charge.
Morale in Bloomberg’s newsroom, already under pressure as news spread Friday of the action against Forsthye, is expected to take another leg down next week as, insiders said, layoffs are looming.
The cuts to reporters and editors, which may run as high as 50 to 100, may start as early as Monday, the sources added.
It also looks like we may have to look elsewhere for reliable investigative reporting on China, as like some kind of media version of Invasion of the Body Snatchers, more and more once-reliable sources seem to be “harmonizing” themselves with Chinese interests.