Articles about "Bloomberg News"


Analysts: Businessweek loses $30 million a year

Financial Times

Businessweek loses $30 million per year, according to an estimate from analysts referenced in a Financial Times story announcing the launch of Bloomberg Business:

Bloomberg says Businessweek’s advertising revenue has increased 24 per cent between the acquisition and 2013, and its rate base — circulation promised to advertisers — has risen 9 per cent to 980,000. Publishers Information Bureau data show it gaining advertising page share from competitors The Economist, Forbes and Fortune.

Bloomberg, a private company, does not disclose financial results for its divisions but analysts estimate Businessweek loses about $30m a year — half the $60m Dan Doctoroff, Bloomberg’s outgoing chief executive, said it was losing in 2009.

The Financial Times reported Wednesday that Businessweek.com and Bloomberg.com will be replaced by Bloomberg Business, which will be Bloomberg Media Group’s flagship website. Read more

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Career Beat: Matthew Kaminski named executive editor of Politico in Europe

Good morning! Here are some career updates from the journalism community:

  • Matthew Kaminski will be executive editor of Politico’s European operation. He’s a member of the editorial board at The Wall Street Journal. Bill Nichols will be a founding editor-at-large of Politico’s European operation. He’s an editor-at-large at Politico. Carrie Budoff Brown will be associate editor and senior policy reporter at Politico’s European operation. She’s a White House reporter at Politico. Florian Eder will be managing editor at Politico’s European operation. He is a correspondent at Die Welt. Shéhérazade Semsar-de Boisséson will be managing director of Politico’s European operation. She is the owner and publisher of European Voice. (Poynter)
  • Matthew Winkler will be Editor in Chief Emeritus at Bloomberg News. Previously, he was editor-in-chief there. John Micklethwait will be editor-in-chief at Bloomberg News. He’s editor-in-chief of The Economist. (Poynter)
  • Michael Amon will lead the Wall Street Journal’s coverage of OPEC, oil and mining from its London bureau.
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Jay Leno, Michelle Obama, Matt Winkler

Matt Winkler steps down as Bloomberg News EIC

Matthew Winkler will step down as editor-in-chief of Bloomberg News. Economist Editor John Micklethwait will be the news organization’s new editor-in-chief. Winkler will be Bloomberg’s “Editor in Chief Emeritus,” a spokesperson tells Poynter.

The Economist’s board is beginning the process of choosing Micklethwait’s successor, it says in a press release. He’ll leave at the end of January, the Economist says.

Michael Bloomberg’s “view has always been to make changes to the business when you’re growing and things are going well,” Bloomberg LP executive Kevin Sheekey said in a statement. “He would rather prepare for the future than react to it.”

“When Mike left City Hall, he said the only two publications he would read are Bloomberg Businessweek and The Economist. He has enormous respect for John and what he’s done.”

Winkler’s eventual departure was portended by a decision last year to reorganize the editorial ranks at Bloomberg, creating six executive editor positions — three of which reported directly to Winkler, said Time Inc. Read more

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Career Beat: Daniel Norselli named president and publisher of the Springfield News-Leader

Good morning! Here are some career updates from the journalism community:

  • Daniel Norselli is now president and publisher of the Springfield (Missouri) News-Leader and The Baxter Bulletin. Previously, he was senior digital sales director for the Democrat and Chronicle Media Group. (Gannett)
  • Katie Hawkins-Gaar will be Poynter’s digital innovation faculty member. She is editor of CNN’s iReport. (Poynter)
  • Jenna Wortham is now a staff writer at The New York Times Magazine. Previously, she was a columnist on the business desk. (New York Times)
  • Jessica Lustig will be deputy editor at The New York Times Magazine. Previously, she was a staff editor there. (Poynter)
  • Ethan Bronner will be managing editor for international government at Bloomberg News. Previously, he was deputy national editor at The New York Times. (Fishbowl NY)

Job of the day: The Newseum is looking for a special projects associate. Read more

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Career Beat: Loren Mayor named chief operating officer for NPR

Good morning! Here are some career updates from the journalism community:

  • David Gillen is now executive editor of news enterprise at Bloomberg News. Previously, he was deputy business editor of enterprise at The New York Times. (Politico)
  • Loren Mayor is now chief operating officer for NPR. Previously, she was senior vice president of strategy there. (Poynter)
  • Weston Phippen is now a reporter for the National Journal. Previously, he was a staff writer at the Tampa Bay Times. Lauren Fox will be a Congress reporter at the National Journal. Previously, she was a political reporter at U.S. News and World Report. (Email)
  • Mark Brackenbury has been named executive editor for the Connecticut Group at Digital First Media. He is managing editor for the New Haven Register. (New Haven Register)
  • Colleen Noonan has been named vice president of marketing and creative service for the New York Daily News.
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politico-logo

Clash over Abramson’s style may have figured in Politico editor’s resignation

mediawiremorningGood morning. Here are 10 media stories.

  1. Rick Berke leaves Politico: The publication’s executive editor resigned Sunday, citing “an acceptance by the three of us that the dynamics were just not there for us to function seamlessly.” The other two people in that “three of us” formulation, John Harris and Jim VandeHei, tell staffers “We have very big plans for expanding POLITICO here and elsewhere and need in place a leadership team that shares our vision, ambitions and full faith.” (HuffPost) | Erik Wemple passes on word of an awkward “Politico University” workshop in May, after Berke’s former boss Jill Abramson was fired: “Berke got a bit off-topic, putting forth his opinion that Abramson was an inept and insensitive manager. Some female staffers objected to that characterization, and the session blew up in awkward polemics about the internal politics of a competing outlet.” (WP) | “Rick Berke does not capitalize “Politico” in his resignation message.
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Josh Tyrangiel will oversee all editorial content at Bloomberg Media

A memo from Bloomberg Media Group CEO Justin B. Smith says Josh Tyrangiel “is proving there is little he cannot take on” while he and Smith craft a “new direction for Bloomberg Media.”

Tyrangiel will “be the editorial lead for everything we do from magazines to TV to radio, digital and live events and continue to oversee Bloomberg News’s Projects team and the Data Viz and Rankings teams,” Smith writes. The announcement “is long overdue as Josh has unofficially been playing this role for some time.”
Full memo:

As you know, Josh Tyrangiel has been working around the clock as my partner in leading our new direction for Bloomberg Media. He has taken the helm at Bloomberg TV and led the development of our new digital-first brands, all while continuing to oversee Bloomberg Businessweek and the Projects & Investigations team at Bloomberg News (which by the way are stronger than ever).

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Bloomberg publications await launch dates, alt-weeklies get together on a story

mediawiremorningGood morning. Here are 10 media stories.

  1. Where are Bloomberg’s new verticals? Its politics site will launch in October, “30 days before the 2014 Midterms,” Joe Pompeo reports. Bloomberg Business, Bloomberg Markets and Bloomberg Pursuits have “no hard launch dates,” Pompeo writes. “‘It’s still mostly chatter about strategy with no product being delivered,’ said one executive who was not authorized to speak on the record. ‘People want to see something on the table, basically.’” (Capital)
  2. Pulitzers have a new boss: Former Concord Monitor Editor Mike Pride will become the administrator of the Pulitzer Prizes this September. (NYT) | Pride talks with Kristen Hare: “What the Pulitzers really have to do, like every other institution associated with journalism, they have to change with the times and the times are changing very quickly.” (Poynter)
  3. Brown Moses is launching a site for crowdsourced reporting: Bellingcat will give citizen journalists “a chance to learn what I’ve learnt over the last two years by trial and error,” Eliot Higgins, a.k.a.
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Google protesters arrested; what @SavedYouAClick won’t do

mediawiremorning Good morning. Here are 10 media stories.

  1. Net neutrality protesters reportedly arrested at Google HQ: Valleywag’s Nitasha Tiku and TechCrunch’s Natasha Lomas report that members of a group called Occupy Google were arrested outside Google’s Mountain View, California, headquarters early this morning. (Valleywag; TechCrunch)
  2. Source spot: New York Times Public Editor Margaret Sullivan draws a line between “serious and valid use of confidentiality” and anonymity granted for sources relaying “what is often, in essence, officially approved government communication, or for promoting their own political agenda.” (NYT)
  3. Phone-hacking stories you might actually want to read: The criminal case against several former News Corp employees “is not the final word on whether either editor, News Corp., or much of the British tabloid press has betrayed the principles of journalism,” Ken Auletta writes. “Ethical failures may not merit a jail term; they do merit a spotlight.” (The New Yorker) || A superb explainer about the trial by Patrick Smith and Alan White.
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Morning media roundup: Anonymous sources, FOIA ‘terrorism,’ Chelsea Clinton’s salary

Twice in the last two weeks, New York Times reporters got burned by anonymous sources, Jack Shafer writes. The Times and The Washington Post “tend to rely more heavily on” anonymous sources “than other print outlets” — “In the past four days, the Post cited unnamed sources in at least 18 pieces and the Times did the same in 17 stories ranging from the Iraq civil war to a smartphone app that predicts what a user will type next.”

• “I have nothing against anonymous sources who help guide reporters toward the verifiable — I just draw the line at routinely printing what they say,” Shafer writes.

10 MEDIA STORIES

  1. Jason Leopold was a sloppy journalist who realized that FOIA scoops meant “no one sharing it had to worry about whether they could trust the person who had unearthed the documents; they only had to trust the documents themselves.” Jason Fagone writes a fascinating profile of a self-described “FOIA terrorist.” (Matter)
  2. Former employees at the Salt Lake Tribune have filed suit to suspend changes to the newspaper’s joint operating agreement with the Deseret News.
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