Bloomberg spend nearly $1 billion to buy legal and tax research company
Bloomberg LP announced Thursday a deal to acquire legal, tax and regulatory research firm BNA for $39.50 per share in a cash offer for a total purchase price of approximately $990 million. The transaction is expected to close in 2011. A combination of Bloomberg and BNA would include news content, subject matter expertise, proprietary data […]
Bloomberg hires new media reporter
Edmund Lee, a reporter for Advertising Age, has been hired by Bloomberg News. Lee posted on Twitter that he will be covering companies such as News Corp., Time Warner and Viacom. He’s been covering media for Ad Age. Lee, who graduated from New York University in 1994, has been with Ad Age for the past […]
NYT magazine hires away editor from Bloomberg Businessweek
Jon Kelly, an editor at Bloomberg Businessweek for the past 16 months, has been hired by the New York Times magazine. Zeke Turner of Women’s Wear Daily writes, “Kelly, 29, will run the front of the Sunday Magazine and Greg Veis will become politics editor. Kelly, with assistance from Veis, will be tasked with reworking […]
Judge rules for Bloomberg in bias case
A federal judge has dismissed claims that Bloomberg LP engaged in a pattern of discrimination against pregnant women who took maternity leaves. David Chen of the New York Times writes, “Judge Loretta A. Preska of United States District Court in Manhattan ruled Wednesday that the plaintiffs had failed to present sufficient evidence that discrimination was […]
CNBC handling the competition and wild stock market swings
Brian Stelter of the New York Times writes Monday about how CNBC is handling the increased competition from Fox Business Network and Bloomberg Television in the midst of major stock market news. Stelter writes, “The markets’ wild swings are not necessarily profit-generating for TV news outlets because most advertisers buy airtime far in advance, meaning […]
CNBC responds to criticism with ad
Business news network CNBC, criticized earlier this week for running taped shows while rivals Fox Business Network and Bloomberg Television ran live programming, responded Friday with full-page ads in major papers, trumpeting its business coverage.
CNBC lags behind competitors
David Bauder of the Associated Press writes about how Bloomberg Television and Fox Business Network have remained on the air during major breaking business news recently while CNBC has run taped shows. Bauder writes, “Bloomberg Television and Fox Business Network both extended live coverage on Friday night, when the Standard & Poor’s Ratings Services downgraded […]
The calm before the storm
Julia LaRoche of The Business Insider visited Bloomberg Television to see how the network covered the market’s decline in the wake of the Standard & Poor’s ratings downgrade. See all of the photos here.
Covering the ratings downgrade
Joe Pompeo of Yahoo News looks at how the business news networks have been covering the decision by Standard & Poor’s to lower the AAA rating of the U.S. government, which has caused the stock market to fall on Monday. Pompeo writes, “And indeed, two leading cable business outlets were all over the news. Bloomberg […]
Explaining the downgrade to the average consumer
Robert Lenzner of Forbes.com likes how Bloomberg Television’s Tom Keene performed on Sunday night in explaining the Standard & Poor’s rating downgrade of U.S. debt. Lenzner writes, “Downgrade! the Bloomberg TV special report was masterly handled by the well-read, well-informed enthusiastic Tom Keene, as he tried to relate a complicated, fast-changing scenario to the ordinary American. […]
