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June 16 2011

06:01

If congressmen invest in the New York Times, does that filter into the newsroom?

Open Secrets :: The latest casualty of a sex scandal, Weiner (D-N.Y.), is one of the congressmen to own stock in a news company. His New York Times' assets valued between $1,001 and $15,000, according to his 2009 personal financial disclosure report, the most recent available. And although the Times has not shown its support for Weiner in any way, congressmen's interest in media investments should be questioned, said Kevin Smith, chairman of the ethics committee for the Society of Professional Journalists.

[Kevin Smith:] If congressmen are investing in the New York Times, does that filter into the newsroom? What happens is that it does raise red flags."

Continue to read www.opensecrets.org

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