Turkey prosecutors seek jail terms for two Bloomberg reporters

The charges come after Turkey’s banking regulator agency, BDDK, complained about an August 2018 Bloomberg story on the currency crisis amid tensions with the US. (File/Shutterstock)
Updated 14 June 2019

Turkey prosecutors seek jail terms for two Bloomberg reporters

  • Prosecutors accuse the two reporters of trying to undermine Turkey’s economic stability
  • An Istanbul court accepted the indictment and the first hearing is set for Sept. 20

ISTANBUL: Turkish prosecutors are seeking a jail term of up to five years for two Bloomberg reporters who had written about how authorities responded to last summer’s currency collapse, the US-based news agency reported.
The charges come after Turkey’s banking regulator agency, BDDK, complained about an August 2018 Bloomberg story on the currency crisis amid tensions with the United States.
Prosecutors accuse the two reporters, Kerim Karakaya and Fercan Yalinkilic, of trying to undermine Turkey’s economic stability, Bloomberg said late Thursday.
The news agency’s editor-in-chief John Micklethwait said: “We condemn the indictment issued against our reporters, who have reported fairly and accurately on newsworthy events. We fully stand by them and will support them throughout this ordeal.”
An Istanbul court accepted the indictment and the first hearing is set for September 20.
Turkish media reported 50 others, including journalists and columnists, were also indicted for commenting on the currency crisis on their social media accounts.
In April, President Recep Tayyip Erdogan criticized Western media coverage of the country’s economy after a Financial Times report questioned the central bank’s management of foreign currency reserves.
Turkey’s economy has slipped into its first recession in a decade after a currency crisis last year battered the lira, leaving foreign investors jittery over the government’s policies to manage growth.


News Corp. Australia’s push for digitization to lead to job losses

Updated 28 May 2020

News Corp. Australia’s push for digitization to lead to job losses

News Corp. Australia said it would restructure its organization to focus on digital publishing, a move that will also lead to job losses.
Scores of regional and community titles will be published only digitally from June 29 under the reorganization, the Australian arm of the mass media and publishing firm News Corp. said in a statement on Wednesday.
The company did not specify how many jobs could be lost, but Australian media reported up to 1,000 staff could be axed as a result of the restructuring.
It said its print publications had become unsustainable amid the coronavirus pandemic and the loss of revenue to digital platforms that use its content without payment.
“To meet these changing trends, we are reshaping News Corp. Australia to focus on where consumers and businesses are moving and to strengthen our position as Australia’s leading digital news media company,” News Corp. Australasia Executive Chairman Michael Miller said.
News Corp. incurred an impairment charge of $1.1 billion in the third quarter ended March 31, primarily related to a write-down at its struggling Australian pay television unit, Foxtel.