It’s official: MediaWorks journalists no longer welcome at Reserve Bank

via RNZ

via RNZ

…but they are so proud that they managed to get rid of Weldon.  Aren’t they doing well?

MediaWorks staff have been banned from Reserve Bank media conferences after one of its journalists leaked March’s cut to the Official Cash Rate in advance.

The central bank said the exclusion would remain in place until further notice.

A probe found a Newshub reporter gave the March 10 decision of a 25 basis point cut in the rate to people in the newsroom, and it was then passed on to an economics blogger before the embargo had lifted.

The blogger, Michael Reddell, said he got an email about 55 minutes before it was officially released and when the cut was confirmed he informed the bank.

Investigations by both MediaWorks and Deloittes confirmed the email trail.

The bank axed its media and analysts’ lock-ups ahead of interest rate and policy announcements in the wake of the leak.

“The leak is a serious and disappointing breach of many years of trust,” said Governor Graeme Wheeler.

Professionals.  All of them.


– NZN via MSN News

Do you want ad-free access to our Daily Crossword?

Do you want access to daily Incite Politics Magazine articles?

Silver Subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.