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To: Bucky Katt who wrote (34039)4/7/2007 11:42:31 AM
From: joseffy  Read Replies (2) | Respond to of 48461
 
MarketWatch Reporter invested in firm she covered

Apr 6 2007

breitbart.com

NEW YORK, April 6 (UPI) -- U.S. financial news Web site MarketWatch let a Silicon Valley reporter invest in a business tied to people she writes about, the Website's editor says.

Editor in Chief David Callaway said in a note prepared for employees he let columnist Bambi Francisco invest in Vator.tv provided she did "not write about that company, its investors or the companies using Vator.tv."

Vator is like Youtube, but designed to let entrepreneurs give video "elevator pitches" to venture capitalists.

A story about Francisco's Vator ties appeared on the online news service CNET Thursday.

MarketWatch is owned by Dow Jones & Co., which also publishes The Wall Street Journal. Dow Jones bars its employees from investing in companies and industries they write about.

Despite those conditions, Francisco wrote about executives who posted videos on Vator, the Journal reported Friday. She also wrote about Vator investor Peter Thiel, with whom she appears on Vator in a regular synopsis of start-up pitches.

In her personal blog, bambi.blogs.com, Francisco makes regular mention of her affiliation with both MarketWatch and Vator.

As a guest host at a February Sun Microsystems Inc. event, she was identified as being from MarketWatch and Vator, Paidcontent.org reported Friday.

Francisco has not said if she would change what she covers, leave MarketWatch or give up her Vator interests. MarketWatch and Vator have not announced any decisions about Francisco.