The Washington Free Beacon recently learned that senior editor Bill Gertz entered into a previously undisclosed financial transaction with an individual or an affiliate of that individual whom Mr. Gertz had covered in some of his reporting.

Upon learning about this transaction, the Washington Free Beacon promptly asked Mr. Gertz for his resignation and that resignation was received and accepted. The Washington Free Beacon has appended this disclaimer to all of Mr. Gertz’s affected news stories.

—Eliana Johnson, editor in chief, Aaron Harison, president, Michael Goldfarb, chairman