Categories: OLD Media Moves

CEO Doctoroff bids farewell to Bloomberg

Dan Doctoroff, the CEO of Bloomberg LP, bid farewell to the employees in a note on Friday, reports Joe Pompeo of Capital New York.

Pompeo writes, “‘I love this company, and there’s a part of me that can’t help but feel a bit of disappointment that I won’t be involved in all of the amazing things you will do in the future,’ Doctoroff wrote in an internal memo provided to Capital. ‘I’m deeply proud of what we’ve achieved together over these years under profoundly challenging conditions.’

“Doctoroff’s departure comes as Bloomberg L.P.’s founder and majority shareholder, Michael Bloomberg, has resumed leadership of the company less than a year after he concluded his third term as mayor of New York, where Doctoroff once served as his deputy mayor for economic development.

“Bloomberg initially returned to Bloomberg L.P.—a provider of financial data, news and media that makes most of its money from a lucrative subscription service—in January. It wasn’t until September, however, that the company announced Bloomberg would once again take over day-to-day operations, but by that time insiders felt the writing was on the wall.

“Bloomberg L.P. looks much different than it did when Doctoroff took the helm seven years ago. Its media division has been expanding over the past few years with magazines, like Bloomberg Businessweek, and a suite of digital franchises that are slowly rolling out in a bid to increase the company’s scale and influence with general consumers.”

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.

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