NEW YORK — The Economist Group and Bloomberg have discovered
that certain former CQ employees now employed by Bloomberg were
able to use the log-ins and passwords supplied to them during
their employment by CQ to continue to access such information
while working for Bloomberg and allowed a small number of other
Bloomberg employees to do so. The parties have taken
appropriate action to ensure that such access did not continue.
In addition, Bloomberg has paid an unspecified amount to The
Economist Group as compensation for such unauthorized access.

Andrew Rashbass, CEO of The Economist Group said: “I appreciate
the way Bloomberg have handled this. I have the highest regard
for their journalistic ethics. I am confident that this conduct
will not reoccur.”

Norman Pearlstine, Bloomberg’s Chief Content Officer, said:
“Bloomberg appreciates that The Economist Group brought its
concerns to Bloomberg’s attention, and is pleased that the
parties were able to resolve those concerns in a professional
and constructive manner.”

About The Economist Group

The publications and services delivered under The Economist
brand are The Economist magazine, Economist digital, Economist
Intelligence Unit, Economist Conferences, Economist Corporate
Network, Economist Education, The World In… series and
Intelligent Life. The Group’s other brands include CQ Roll Call
and European Voice (aimed at decision-makers on Capitol Hill and
in Brussels respectively) and EuroFinance, a cash and treasury
management event business. The Ideas People Channel is an
advertising channel that connects advertisers with an
intellectually curious audience. The Economist Group is
privately owned.
www.economistgroup.com

About Bloomberg

Bloomberg, the global business and financial information and
news leader, gives influential decision makers a critical edge
by connecting them to a dynamic network of information, people
and ideas. The company’s strength – delivering data, news and
analytics through innovative technology, quickly and accurately
- is at the core of the Bloomberg Professional service, which
provides real time financial information to more than 310,000
subscribers globally. Bloomberg’s enterprise solutions build on
the company’s core strength, leveraging technology to allow
customers to access, integrate, distribute and manage data and
information across organizations more efficiently and
effectively. Through Bloomberg Law, Bloomberg Government,
Bloomberg New Energy Finance and Bloomberg BNA, the company
provides data, news and analytics to decision makers in
industries beyond finance. And Bloomberg News, delivered through
the Bloomberg Professional service, television, radio, mobile,
the Internet and two magazines, Bloomberg Businessweek and
Bloomberg Markets, covers the world with more than 2,300 news
and multimedia professionals at 146 bureaus in 72 countries.
Headquartered in New York, Bloomberg employs more than 15,000
people in 192 locations around the world.

Contact for The Economist Group:

Rebecca Gale, Director, Public Relations, CQ Roll Call,
+1.202.650.6884, rebeccagale@cqrollcall.com

Contact for Bloomberg:

Ty Trippet, Bloomberg LP Communications, +1.212.617.2443,
ttrippet@bloomberg.net