Wednesday, The Halifax Examiner pointed out that Chronicle Herald business columnist Peter Moreira has a financial interest in promoting the companies he writes about in this column. Specifically, five government economic development agencies that fund the companies also pay Moreira for work related to promotion of those companies.
While Moreira has every right to pursue whatever business he can find, we argued that the Chronicle Herald has an ethical responsibility to “clearly and explicitly tell its readers that Moreira benefits financially by promoting the companies he is writing about.”
Today, Chronicle Herald associate publisher Ian Thompson says he agrees. In an email to the Examiner, he writes:
We like Peter`s columns. The start-ups he writes about would otherwise receive little or no attention. That said, you raise a legitimate point. As of today, we`ve added a new line to the end of the columns provided by Entrevestor:
“Entrevestor receives financial support from government agencies that support start-up companies in Atlantic Canada. The sponsoring agencies play no role in determining which companies are featured in this column nor do they have the right to review columns before they are published.”