In exchange for money from [Ron Burkle], [JARED PAUL STERN Allegedly] allegedly would "refrain from writing damaging, negative stories and write puff pieces" flattering to Burkle.

The Post's editor-in-chief, Col Allan, issued a statement: "Jared Paul Stern is a freelance reporter who sometimes worked two days a week at the New York Post. He has been suspended pending the outcome of the federal investigation. Should the allegations prove true, Mr. Stern's conduct would be morally and journalistically reprehensible, a gross abuse of privilege, and in violation of the New York Post's standards and ethics."