Amanda Andrews of The Telegraph in London is reporting Wednesday that Bloomberg will be eliminatingÂ its foreign language TV and focusing on its English-language television broadcast out of New York and London.
Andrews writes, “The group currently offers numerous foreign language television services in Europe, Asia and Latin America.
“Andrew Lack, a former NBC, CBS and Sony BMG Music executive, told staff in a video message today that the cutbacks were essential to help the broadcast operation become profitable.
“Mr Lack, who was hired recently to manage Bloomberg TV and radio, is expected to transform Bloomberg TV into a model similar to CNBC.”
Read more here.