Categories: OLD Media Moves

Fitting BusinessWeek into the Bloomberg culture

Stephanie Clifford of the New York Times writes Monday about the issues facing Bloomberg as it melds BusinessWeek magazine into its operations.

Clifford writes, “Mr. Winkler said magazine articles would be evaluated on the same metrics as articles for the terminal: did they move markets? But many of the Businessweek articles do not run on the terminals, placing them outside the metrics system. (A spokesman, Carl Fischer, said it was likely that the magazine articles would be evaluated on more qualitative measures.)

“‘They really feel like writing for Businessweek is a waste of time — it’s not making money, they get nothing out it,’ said a former Businessweek employee, who is now at Bloomberg and asked not to be identified.

“Moreover, any breaking items from the magazine will appear elsewhere first. ‘Any scoop from anywhere in the world is going to run on the terminal,’ Mr. Pearlstine said, adding ‘the terminal is the focus of everything we do at Bloomberg.’

“The Businessweek investigative reporters were transferred to the Bloomberg News investigative unit, another challenge for the magazine’s ambitions.”

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…

15 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…

15 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…

15 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…

16 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…

20 hours ago

Banking Times acquires The New Fiver

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

1 day ago