Bloomberg cuts general news department

Posted by Leah McBride Mensching on December 28, 2009 at 5:06 PM

Bloomberg is rumoured to be focusing more on its core business of financial news, and less on general news, having disbanded its World News team last week, Gawker reported Friday, citing an anonymous source.

"Tom Secunda, one of Mike Bloomberg's earliest associates, and Dan Doctoroff, sent from City Hall to oversee the company, have been campaigning for much of the past year for Bloomberg to concentrate solely on business news and leave the rest to others. None of this stopped Winkler, in interview after interview, to insist [sic] that Bloomberg planned to expand its general news coverage to compete on all levels with Reuters," the Web site reported the tipster as saying.

Meanwhile, the Carolina Business News Initiative reported three Bloomberg News employees have confirmed Gawker's report, stating that Bloomberg is closing its World News section at the end of this year.

The World News team has not been cut, but are expected to be placed in other departments, according to a source.