Marketwatch.com media columnist Jon Friedman, a former writer at both BusinessWeek and Bloomberg, writes that the deal to acquire the business weekly magazine by the terminal and data company doesn’t make much sense to him.
“Further, why is Bloomberg eager to acquire an 80-year-old weekly business magazine, which is likely to lose money? It has dim prospects for the near future because of the media’s uncertain prospects for advertising revenue in newspapers and magazines.
“You’d hate to conclude that privately owned Bloomberg is doing this deal because of a desire to satisfy an executive’s ego. Still, it seems likely that whoever is driving this proposed acquisition will get a great deal of criticism.”
Read more here.
Independent Association of Publishers’ Employees board authorized a strike vote to be conducted by its…
The Southern California News Group is seeking an assistant editor to help its jobs and…
Ian Krietzberg, a tech reporter for TheStreet.com, is leaving for a new opportunity. He has…
Timothy B. Lee writes in Asterisk magazine about why a lot of technology reporting is…
Megan Douglass has been named deputy social strategy editor at The Wall Street Journal. Douglass previously…
Business Insider's Louise Ridley is joining The Female Lead, the women's empowerment charity founded by Tesco Clubcard entrepreneur Edwina…