Meaning of the word "chequebook journalism" in English

What does "chequebook journalism" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

chequebook journalism

US /ˈtʃekbʊk ˌdʒɜːrnəlɪzəm/
UK /ˈtʃek.bʊk ˈdʒɜː.nə.lɪ.zəm/
"chequebook journalism" picture

Noun

the practice of paying people for information or stories, especially in journalism, often criticized for compromising journalistic ethics and accuracy

Example:
The newspaper was accused of chequebook journalism after it paid a large sum for an exclusive interview with a criminal.
Many argue that chequebook journalism undermines public trust in the media.