Word: hurst
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Dates: during 1990-1999
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...startling news broke at 2 p.m. EST. From Moscow, CNN bureau chief Steve Hurst reported, in a live phone conversation from the Soviet capital, that Mikhail Gorbachev was "considering his resignation" as chief of the Communist Party. The report, attributed to an unnamed party source, sent the economic and political world into an immediate tizzy. On foreign currency markets the value of the dollar surged; on Wall Street the stock market took a quick plunge. White House officials pleaded ignorance, world leaders were puzzled, and in Moscow (where CNN is seen in many government offices) phones jangled all night...
...story originated when Hurst, 42, a veteran Moscow reporter who joined CNN in 1988, spoke on the phone with what he described as a "well-informed and usually reliable Communist Party source." Hurst relayed his scoop to international managing editor Eason Jordan in CNN's Atlanta headquarters, and then to executive vice president Ed Turner (no relation to CNN founder Ted). The Moscow reporter would not identify his informant but told his bosses of several other stories in which the source had given accurate information. That persuaded Turner to run the story...