Bloomberg may charge for some news feeds

Posted by Leah McBride Mensching on November 5, 2009 at 2:08 PM

Bloomberg LP may charge up to US$1,000 per year for access to some news on its Web site, the Wall Street Journal reported Tuesday. Although Bloomberg would not confirm WSJ's report - the two are financial news rivals - it did say it is "in the process of evaluating various approaches," according to paidContent.

Bloomberg.com is currently free, and the site's users already do not have access to all the financial data professional users pay for, either through subscriptions or through Bloomberg's special terminals, common in newsrooms and financial firms.

Kevin Krim, head of Bloomberg's online consumer media division, is reported to have said some users could be charged between $600 and $1,000 for some content they currently can access on the site for free, paidContent reported.

Bloomberg last month bought BusinessWeek magazine, which also has plans to charge for online content and ramp up its print edition, according to MediaWeek.