WAN-IFRA

Shaping the Future of the Newspaper

Date

Fri - 21.11.2014


Bloomberg

A £1bn sale of the Financial Times is under active consideration, Bloomberg said today  – only for the story to be immediately denied by its owner. 

Pearson, the FTSE 100 media group, issued a statement in response to the article saying that, though ‘not in the habit of responding to rumours, speculation or reports about our portfolio’, it was obliged to point out that ‘this particular Bloomberg story is wrong.’ Dame Majorie Scardino, the outgoing chief executive of Pearson, once said famously that the FT would be sold ‘over my dead body’ but her impending departure from the company in January lends added credence to the report, as does the fact that the story comes just weeks after Pearson agreed to merge Penguin with Bertelsmann’s Random House in a deal to create the largest book publisher in the US and the UK. 

For the rest of this story, please see our sister publication, www.editorsweblog.org.

Author

Frederick Alliott's picture

Frederick Alliott

Date

2012-11-08 10:13

What’s next for Bloomberg LP? A long report by Gabriel Sherman for New York Magazine offers insight into the inner workings of financial media giant, owned by New York Mayor Michael Bloomberg. The article describes Bloomberg LP’s style up to this point as plain, and facts-obsessed, and “wildly profitable”. As paidContent observes, the company makes money by selling detailed financial information to 300,000 global customers at a charge of about $20,000 a year. However, Sherman writes that as Bloomberg diversifies beyond its core business, it is finding that the same model of nothing-but-pure-information journalism does not always apply. 

Author

Hannah Vinter's picture

Hannah Vinter

Date

2012-06-05 15:40

Bloomberg will launch in January a news subscription service that will focus on the U.S. federal government, The New York Times reported Sunday. Called Bloomberg Government, the service will be accessible through a website without the need of a special hardware.

"We want to do exclusive enterprise reporting that quantifies the business implications of government action," Deputy Managing Editor Ken Sands told Poynter. "Some of our subject-matter experts will write academic white papers that are quite rigorous, and it'll bring a whole different level of expertise to the product."

The idea for the service was inspired was the boom of political news that lacked of deep analysis, said Bloomberg Government's chairman Kevin Sheekey. "There's been... a sort of hidden but very sharp decline in coverage of government apart from politics, in terms of what government is doing and regulating, and the impact that will have on segments of the economy. That part of press coverage of our society has probably dropped off tenfold."

Author

Clara Mart

Date

2010-10-11 23:57

News weekly Bloomberg Businessweek plans to publish a series of country specific reports to provide global business leaders and advertisers with deep and unique insights on the leading industrial countries in the global economy, according to a press release posted on BusinessWire. The inaugural edition of the country-specific report series will focus on Germany, and will be featured in the Oct. 4-10 issue.

The launch is set to coincide with the 20th anniversary celebrations of German reunification and will be available on newsstands from Oct. 1. This move by the news weekly is aimed at capturing the interest of readers and attracting readership from its rivals, Fortune and The Economist, according to MediaWeek.co.uk.

Image Source: MediaWeek.co.uk

Author

Savita Sauvin

Date

2010-09-23 17:00

As entrepreneurship-related activities are at their highest in the United States in the past 14 years, Bloomberg is making most of the current boom by launching a dedicated section for business executives and entrepreneurs on its news site, according to MediaBistro.com. The section will focus on "how top global entrepreneurs run their companies."

The new section will feature weekly profiles of innovative companies, insights on weekly Q&A's with renowned entrepreneurs, news features from Bloomberg News and Businessweek, and programming from other Bloomberg properties that include Bloomberg TV's weekly show "Venture with Cris Valerio," featuring interviews with leading entrepreneurs, according to a press release posted on EONBusinesswire.com.

"This section is driven by people and growth businesses. Our readers will get an inside look into innovative entrepreneurs such as Loopt's Sam Altman and companies such as On Deck Capital," Nick Leiber, the section's editor at Bloomberg, was quoted as saying by MediaBistro.

Author

Savita Sauvin

Date

2010-09-08 21:10

The Washington Post and Bloomberg have launched a co-branded business page, eight months after announcing the site was in the works, paidContent reported yesterday.

Content is from both outlets and wire services, such as The Associated Press, and the site is now The Post's business page. Articles written by Washington Post staffers gives their names on the main page, while Bloomberg articles show only "Bloomberg," as the content creator, not the individual reporter. The Bloomberg reporter's name is given after the user clicks on the headline.

The new page "combines The Post's in-depth expertise on economic policy with Bloomberg's leadership in business news and information to provide the essential online source for business and policy," a notice posted on the new site told readers yesterday.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-07-15 19:14

Bloomberg News is doing things a little differently. In stark contrast to media heavyweights such as the Wall Street Journal, The Times of London and The New York Times, Bloomberg has launched a fresh version of its business news website supported solely by ads rather than subscription fees.

A free-content approach to news provision would seem to be a departure from the company's traditional revenue model which revolves around selling subscriptions to its Bloomberg Terminals data feeds at the price of $1,500/month.

For more on this story visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-06-22 22:07

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.

Author

Leah McBride Mensching

Date

2009-12-29 00:06

New York City mayor Michael Bloomberg on Tuesday revealed plans to significantly expand the city's media base over the next 10 years, the Wall Street Journal reported on Tuesday. The program is set to include a research lab, digital-media apprenticeships, a technology-equipment bond program and is aimed at creating 8,000 new media jobs in New York.

"There are lots of great cities out there," he said at a press conference at the local headquarters of IAC. "We've got to make sure people understand there's a reason to grow, locate, stay in New York City."

The proposed 'NYC Media Lab,' will collaborate media research from universities and businesses and the 'Jumpstart New Media' program will be a 10 week training ground for the transition of media employees associated with mid-level traditional-media into new-media outlets and technologies.

A bond program will help facilitate the technological development of the older media buildings in New York through $1 to $10 million grants.

Mr Bloomberg spoke of the importance of the media industry to the city describing it as one of New York's signature industries. However, he said that new-media entrepreneurs were often too quick to bypass New York as a starting point. "We are determined to change that," he said.

Dina Kaplan, co-founder of video provider Blip.tv, is excited about the potential for investment in the New York Media industry.

Author

Leah McBride Mensching

Date

2009-07-08 19:44

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