Stephanie Clifford and Julie Creswell of The New York Times write Sunday about the efforts of Bloomberg to expand its news operations to attract more general-interest readers.
“Bloomberg now has 142 journalists in Washington, 196 in Tokyo and 30 in Paris. It recently opened bureaus in Nigeria, Ghana and Cyprus. It has won numerous journalism awards and, to cite just one example, has offered some of the shrewdest coverage of the financial crisis over the last couple of years.
“The problem is that all of this work is largely distributed through its 280,000 Bloomberg machines, so its audience is confined mostly to those who subscribe to its terminals. Bloomberg essentially has a giant army of reporters with no route to the broader media sea.
“To reach that broader audience and to have its name and its brand distributed beyond its terminals, Bloomberg has been dependent on newspapers to carry its reports.”
Read more here.
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