Andrew Beaujon
June 5, 2013
11:08 am
The New York Times |
BuzzFeed
Bloomberg Beta,
a $75 million venture capital fund, "is the first time that Bloomberg L.P. will reap profits from direct investments in some of the technology companies that its news operation covers," Nicole Perlroth reports in The New York Times.
It is already an awkward time for the company, which is under fire because its reporters used Bloomberg’s financial terminals to snoop on companies they covered, including Goldman Sachs, and the fund raises questions on journalism ethics.
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Andrew Beaujon
May 13, 2013
9:38 am
Bloomberg View |
Bloomberg Blog |
BuzzFeed |
CNBC |
The New York Times |
Quartz
"Our reporters should not have access to any data considered proprietary," Bloomberg News Editor-in-Chief Matthew Winkler writes in an editorial published Sunday night. "
I am sorry they did. The error is inexcusable."
The editorial follows a weekend of increasingly bad news for Bloomberg, beginning with the revelation, first published in the New York Post last Thursday night, that Goldman Sachs had complained about Bloomberg News reporters using terminal data "
to keep tabs on some employees."
"Although we have long made limited customer relationship data available to our journalists,
we realize this was a mistake," Bloomberg L.P. CEO and President Daniel L. Doctoroff wrote in a blog post Friday.
BuzzFeed's Peter Lauria reported Saturday
Bloomberg executives knew about the snooping in 2011, when Bloomberg TV anchor Erik Schatzker mentioned the practice on-air. He says the data available to reporters was not as useful for newsgathering as it was for planning: "Bloomberg reporters can see the aggregate number of readers for a specific story, but cannot identify the individual readers."
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Andrew Beaujon
Feb. 26, 2013
11:47 am
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Andrew Beaujon
Dec. 14, 2012
10:27 am
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Andrew Beaujon
Sep. 20, 2012
12:58 pm
Forbes
Donald Newhouse is the
51st-richest person in the United States, Forbes reports. The magazine places the Advance Publications chief's net worth at $6.6 billion. His brother, Conde Nast Chairman Si Newhouse, Jr., places a little higher:
No. 46, with a net worth of $7.4 billion.
Donald's net worth was $5.9 billion in Sept. 2011, Forbes estimates, and Si's was $6.6 billion.
New Orleans Saints owner Tom Benson, who
unsuccessfully sought to buy the Advance-owned Times-Picayune, is
No. 360, with a net worth of $1.2 billion.
Advance recently cited financial challenges as the motivation for cutting staff and days in print at
the Times-Picayune.
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Charles Apple
Nov. 21, 2011
10:06 am
Newsweek
Nick Summers writes about Bloomberg's expansion and how the growing empire seems to be enjoying the success that flows from its "financial-data machine."
Other media outlets don’t have a cash cow anything like this. And [Bloomberg Government] chairman Kevin Sheekey couldn’t help but rub it in, walking up to the terminal’s blinking prompt and challenging one guest: “Why don’t you look up the price of the New York Times Co.?”
Talking points from Summers' story:
- The ubiquitous Bloomberg financial-data machines cost users about $20,000 annually.
- The machine funnels $6 billion into the company each year.
- Over the past 20 years, Bloomberg has hired more than 2,700 journalists around the world.
- Bloomberg owns Businessweek and, Summers writes, "There is talk that the Financial Times might be its next meal."
But Bloomberg extended its power-brokering grasp three months ago when it bought the Bureau of National Affairs, which publishes 350 policy-wonk-type newsletters. Summers writes:
Now Bloomberg can feed BNA’s sought-after data directly to BLaw and BGov subscribers. The result: a one-stop shop for lobbyists to game the system.
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Julie Moos
Oct. 12, 2011
11:01 am
AdWeek
"Bloomberg Pursuits" will be a spinoff of "Bloomberg Markets" magazine, a monthly that is sent to terminal subscribers. "Pursuits," which debuts in March, will cater to high-end enthusiasm for "exclusive experiences and products."
"Markets" Editor Ron Henkoff told Lucia Moses, “We tend to write about people who make a lot of money and spend a lot of money ... But they are also into other things. They have very active lifestyles.” And advertisers like Hermés, Harry Winston, and Johnny Walker Blue want to reach them. If successful, "Pursuits" could become a quarterly or biannual magazine.
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Jim Romenesko
Mar. 3, 2011
7:38 am
Forbes.com
Former Times deputy editorial page editor
David Shipley -- now a Bloomberg View executive editor -- has hired Times staffers
Mary Duenwald and
Toby Harshaw, reports
Jeff Bercovici. His source says the
recently announced reinvention of the Times “Week in Review” was conceived in response to the perceived threat from Bloomberg.
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Jim Romenesko
Mar. 1, 2011
7:42 am
New York Times
Michael Bloomberg hopes his new op-ed project, Bloomberg View, will allow him to maintain -- if not deepen -- his influence when he leaves the mayor's office, reports
Michael Barbaro. "Not everyone inside Bloomberg L.P. is enthusiastic" about Bloomberg View," he writes. Some fear Bloomberg's reputation for fairness could be undermined if the news organization begins publishing unsigned editorials that may be viewed as the opinion of the entire Bloomberg brand.
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