Bloomberg Media has hit 300,000 subscribers

(PRNewsfoto/Bloomberg Media)

Bloomberg Media reached more than 300,000 subscribers at the end of the first quarter, reports Sara Fischer of Axios.

Fischer reports, “Bloomberg ended Q1 with more than 300,000 active subscribers, up from 250,000 in Q4 2020, executives tell Axios.

Bloomberg Media CEO Justin Smith says that the company’s revenue is up 30% from this time last year.

“The bottom line: ‘Q1’s really strong year-over-year revenue rise versus a pre-pandemic quarter is the result of that strategy, and it’s spurred by growth in every area from advertising to subscriptions and live events,’ says Smith.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.