Bloomberg News killed story, fired reporter, critical of China

Modern journalism: According to NPR, Bloomberg News killed an investigative story about China’s Communist Party elites and their high lifestyles — eventually firing the reporter — out of fear its publication would get their business kicked out of China.

Former Bloomberg News correspondent Mike Forsythe was part of a Bloomberg team that published an “award-winning investigation” in 2012 into the accumulation wealth by China’s ruling class. He was part of an ongoing effort in 2013 “focusing on Chinese leaders’ ties to the country’s richest man, Wang Jianlin. Among those in the reporters’ sights: the family of new Chinese President Xi Jinping. The story gained steam throughout 2013.”

The “story never ran,” NPR reports. The reason? NPR obtained audio of Bloomberg News founding editor-in-chief Matthew Winckler from a private conference call:

“It is for sure going to, you know, invite the Communist Party to, you know, completely shut us down and kick us out of the country … So, I just don’t see that as a story that is justified … There’s a way to use the information you have in such a way that enables us to report, but not kill ourselves in the process and wipe out everything we’ve tried to build there,” [emphasis in original]

This is the new organization owned and run by a former presidential candidate for the Democratic Party, Mike Bloomberg. And Bloomberg is still spending millions to support Democratic candidates across the country.

I however wonder what country he is working for. It certainly does not appear to be the U.S.