Michael Forsythe, the former Bloomberg News reporter who was dismissed amidst controversy surrounding his unpublished article exposing financial corruption within the Chinese government, has now joined The New York Times.
The Hong Kong-based reporter left Bloomberg in November 2013 after he’d written a story about financial ties between Wang Jianlin, China’s richest man, and the CCP.
The story was allegedly killed by Bloomberg’s editor-in-chief Matt Winkler, who had feared that it could get the news agency kicked out of China during an especially anxious time for foreign journalists facing expulsion from the country. The New York Times ran a story about the cancellation, and Forsythe was soon after placed on suspension indefinitely.
In 2012, the award-winning journalist published a piece exposing Xi Jinping’s family wealth and connections which caused sales of Bloomberg terminals in China to slow. It was also the story that led to Bloomberg’s website being blocked in China.
In the same year, the New York Times published a story on the secret wealth of China’s elite which likewise landed their publication on the wrong side of the Great Fire Wall and led to revenue losses of up to 3 million USD so far.
Last week, The Washington Post reported that New York Times reporter Austin Ramzy, a former Time Magazine journalist who had been working out of China for the past six years, was not given press accreditation after the months-long standoff between foreign journalists and the Chinese government, although most other Bloomberg and New York Times reporters were issued renewed visas.