Bloomberg LP has widened its market share lead over Reuters for market data and analysis, according to Burton-Taylor International Consulting LLC, an industry research monitor.
Lauren Thomas of TheStreet.com writes, “Bloomberg and Thomson Reuters remained the market share leaders, but the gap between the two widened even as global spending for financial market data and news in 2014 jumped 4.1%, to $26.49 billion, its largest increase since 2011. As of the end of last year, Bloomberg’s share of the global market was 31.99% followed by Thomson Reuters at 25.88%.
“In 2013, Bloomberg LP and Thomson Reuters had held market shares of 31.71% and 26.93%, respectively.
“Bloomberg’s boosted position comes at a time its news operation has undergone a leadership overhaul: In December, Matt Winkler, who had been with the company for 25 years, stepped down as editor-in-chief to be replaced by John Micklethwait, a former Economist editor. Micklethwait’s hiring prompted the exit of senior executive editor Laurie Hays, formerly an editor at News Corporation’s The Wall Street Journal, who had been considered front-runner for Bloomberg’s top news job.
“In a memo to staff, CEO Mike Bloomberg wrote that, ‘John [Micklethwait] will work closely with Justin Smith, CEO of the Bloomberg Media Group, who will continue to report directly to me on all business and strategy matters across Bloomberg’s diverse media properties. I’ve never been more optimistic about Bloomberg’s future. … I’ve loved being back.'”
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