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Bloomberg editor apologizes for, explains spying

In an Op-Ed titled "Holding Ourselves Accountable," published late Sunday, Bloomberg News editor Matthew Winkler weighed in on the current scandal brewing around the news service, following claims that reporters used Bloomberg terminals (ubiquitous in the financial sector) to spy on bankers. As noted here last week, Goldman Sachs had complained to Bloomberg LP following the revelation that at least one reporter had access to a wide array of information about customer usage. Winkler commented:

Our client is right. Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable. Last month, we immediately changed our policy so that reporters now have no greater access to information than our customers have. Removing this access will have no effect on Bloomberg news-gathering.

The Bloomberg editor went on the explain how his journalists had such access in the first place and that the information available to through the terminals was limited:

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