Jon Fine of BusinessWeek writes about the changes that will occur at Bloomberg Media, the business news operation’s TV, radio and online platforms, with the hiring of new CEO Andy Lack.
“Next year also will bring major changes to the exceedingly prosaic Bloomberg.com, to make it more friendly to those who don’t spend their days intravenously connected to a Bloomberg terminal. Doctoroff says such changes will be visible in the first half of the year. He also suggests that attenuated staffing at newspapers could mean opportunity, though it’s hard for me to imagine Bloomberg churning out stories about local businesses in second-tier U.S. markets.
“And, interestingly, ‘we’re looking at potential acquisitions,’ says Pearlstine. ‘We’re just sort of saying: ‘Hey, we’re looking for good ideas.’ ‘ This is a new notion for Bloomberg, which to date has exclusively generated its own media properties. Doctoroff refused to comment on specific acquisitions, and outside executives familiar with the deal markets find it hard to believe Bloomberg would go into anything big. (Before this rumor gets resurrected again, let’s knock it down: Michael Bloomberg has disavowed interest in a bid for The New York Times, which another mayoral campaign would complicate in any event.)”
Read more here.
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