Should Bloomberg cover itself?
As has been reported earlier Wednesday, Bloomberg published a pair of independent reports that reviewed the company’s practices in light of the snooping scandal earlier this year. Talking Biz News has had a chance to review the reports this afternoon, and discovered that the report by former New York Times public editor Clark Hoyt — […]
Bloomberg to appoint ombudsman, create task force
Lauren Tara LaCapra of Reuters reports that Bloomberg LP will appoint an ombudsman and create a task force to review the way the company gathers news after a report confirmed its journalists routinely looked at client information intended for customer support employees. LaCapra writes, “The report, which Bloomberg commissioned and released on Wednesday, found that […]
Review chronicles Bloomberg’s missteps
An outside review of Bloomberg LP’s data compliance and news reporting revealed that the financial data and news provider didn’t curtail reporters’ access to subscriber data two years ago, when concerns about the access first emerged, due to internal “misunderstandings,” reports William Laudner of The Wall Street Journal. Laudner writes, “The review, by Promontory Financial […]
Assessing the new Bloomberg media CEO’s plans
Tom Foremski of ZDNet.com writes Tuesday about the plans of Justin Smith, the new CEO of Bloomberg Media Group, to expand the company’s media business. Foremski writes, “Also, will his forays into new media models be something that others can follow? This is unlikely since Bloomberg’s media business model is still tied to its lucrative […]
Bloomberg’s four-screen strategy
Malcolm Fried, head of Bloomberg TV in Europe, the Middle East and Africa, writes about how video is transforming traditional media and how Bloomberg’s four-screen strategy is moving the company ahead in the Sunday Telegraph. Fried writes, “At Bloomberg, we have what we call a “four-screen strategy” – linear television, the internet (which is the […]
Bloomberg’s Smith lays out his vision
Justin Smith, the new CEO of Bloomberg Media Group, sent an email on Friday to the staff about his vision for the future, and Brian Morrissey of Digiday obtained a copy. Smith wrote: Embrace change. “The media industry is bifurcated into two distinct worlds: the struggling traditional segment that longs for a simpler, more profitable […]
Bloomberg News is a news junkie’s paradise
Alina Dizik of the BBC visited Bloomberg‘s headquarters on Lexington Avenue in New York and examined how its employees work. Dizik writes, “There are no private offices; even meeting rooms are enclosed by glass. Reporters, editors, market data specialists and executives all rub elbows at desks arranged like a trading floor. This design helps them […]
A belief in the power of data
Joanna Slater of The Globe and Mail in Toronto profiles Bloomberg LP chief executive Dan Doctoroff in a story that discloses that Bloomberg Businessweek remains unprofitable. Slater writes, “In the media world, Bloomberg is the subject of fascination and fear. Boosted by the profits from its core terminal business, it has gobbled up journalistic talent […]
FBI finds problems in government’s system to prevent leaks of economic data
The Federal Bureau of Investigation has discovered vulnerabilities in the government’s system for preventing market-moving economic reports from leaking to traders before public release, reports Brody Mullins and Devlin Barrett of The Wall Street Journal. Mullins and Barrett write, “The black boxes are key to the government’s control of the data. Media firms in the […]
Bloomberg TV head moving to CNN
Andrew Morse, Bloomberg’s head of U.S. television, will join CNN in an executive role, reports Mariah Summers of BuzzFeed. Summers writes, “Speculation that Morse was looking to make a move back in April after clashes with then Bloomberg Media Group CEO Andy Lack caused Morse to make a statement praising Lack’s leadership. Lack is now Chairman of […]
