That’s how this scandal happened. And it’s not enough for Bloomberg to disable a couple of functions on reporters’ terminals. Bloomberg News is a big player now, one of the most important news organizations in the world.

This is a perfect time to rethink its culture.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at Follow him on Twitter at @ryanchittum.