Wallenstein writes, “It’s hard to imagine his departure could create more turbulence than Bloomberg Media experienced in 2015, which was marked by key executive departures amid well publicized clashes between the founder and some of his top hires.
“While Bloomberg Media has always strove to keep its inner workings quietly tamped down inside its notoriously secretive, tightly controlled corporate culture, tensions spilled out into the open via multiple damaging press accounts depicting a company at war with itself.
“The predominant narrative that has emerged is that since Bloomberg left the mayor’s mansion and returned to running the company, he has stirred up resentment for curbing risky ambitions to turn his empire into a multimedia dynamo in order to return focus to the safer, more profitable route of the terminal business.
“Perhaps it’s no coincidence that some of Bloomberg Media’s brightest stars defected last year, including chief content officer Josh Tyrangiel, who joined Vice Media, and digital chief Josh Topolsky, who is currently seeking financing for another startup. There’s even been rumors that CEO Justin Smith could be the next to go.”
Read more here.
Jessie Bur has been named executive editor of Nextgov/FCW and Route Fifty, GovExec’s news organizations…
Semafor economic policy reporter Joseph Zeballos-Roig has left the organization after two years. He previously…
Russell Sherman of the "Press Profiles" podcast interviewed Mike Hofman, the editor in chief of…
Dow Jones chief technology officer Artem Fishman sent out the following: Team, As we continue…
Yahoo Finance is the world's most-used business and financial digital platform. It offers millions of…
Lisette Voytko-Best, who covered the entertainment industry for Forbes, has left the publication. Voytko-Best is…