Categories: OLD Media Moves

Deal rumors for Bloomberg

Keith Kelly of the New York Post writes Monday about where Bloomberg News editor and chief Matt Winkler and newly hired chief content officer Norm Pearlstine might clash when deciding the future direction of the operation.

Kelly writes, “While last week the two pledged to work together, sources say Winkler’s star could soon be eclipsed. Areas where the two may knock heads include:

“* BloombergTV: Widely viewed as a loss leader at Bloomberg, this underutilized asset could be among the first areas where Pearlstine looks for growth. And that could put him at odds with Winkler.

“Some have felt that Winkler stymied the development of other media properties, like TV, because that did not tie in directly to the terminals.

“* Acquisitions: Except for a few small, strategic buys, Bloomberg’s growth has been mostly organic. That is likely to change. While a recent rumor that Bloomberg was looking to buy The New York Times was denied by both companies, there is no doubt, people familiar with the company say, that Pearlstine’s presence will lead to more purchase rumors – and some deals.

“Potential targets may include everything from internet powerhouses like Yahoo!, which can drive traffic to Bloomberg, to TV stations to ad heft to its existing anemic line-up.”

Read more here.

Recent Posts

WSJ’s Brown is leaving publication

Ken Brown of The Wall Street Journal is leaving the news organization. He is an…

20 hours ago

Jones will not seek another Dow Jones News Fund board term

Dow Jones News Fund President Brent W. Jones announced at the nonprofit journalism training organization’s…

20 hours ago

Bloomberg hires Clark to cover VC and startups

Jillian Ward, managing editor for U.S. technology at Bloomberg News, sent the following note to…

20 hours ago

Berke of STAT News on the importance of its coverage

Rick Berke, a co-founded and executive editor of STAT News, writes about the importance of…

20 hours ago

Maxwell joins Gizmodo as a tech reporter

Thomas Maxwell has joined Gizmodo as a tech reporter. He previously was at Business Insider covering…

1 day ago

Banking Times acquires The New Fiver

Banking Times has acquired the domain name "The New Fiver" for an undisclosed amount, aiming…

2 days ago