Jonathan Berr of InvestorPlace.com writes about why Bloomberg LP should have no interest whatsoever in acquiring the New York Times and merging its news operations with its own.
“One way that Bloomberg keeps these people glued to their Bloomberg Terminals is by telling them everything that they need to know, such as what’s in The New York Times. All the paper’s main stories are summarized every day, along with those of other major outlets such as The Wall Street Journal and CNBC, making the actual purchase of the Times unnecessary.
“Managing journalists is like herding cats in the best of times, and integrating the 1,200 or so reporters and editors who work for the Times into Bloomberg’s investment-bank-like corporate culture would be a nightmare. There would be tons of duplication with Bloomberg’s existing news infrastructure, so it’s not clear how many Times staffers would be offered jobs at the new company. Following the BusinessWeek acquisition, about 100 employees were not offered jobs with Bloomberg News.”
Read more here.
The Star Tribune is seeking an accomplished, motivated and versatile journalist and leader to shape…
The Deputy AME-Business is responsible for the development and planning of coverage on all Newsday…
CNBC.com managing editor Jeff McCracken announced Friday the following promotions: In San Francisco, Ari Levy has…
This Newsday reporter will cover Long Island’s commercial real estate market and the region’s evolving…
The New York Times is looking for a versatile editor to edit enterprise and feature…
International editor Matt Lamers is leaving Marijuana Business Daily. He has been there for seven years. Lamers…