Articles about "Bloomberg"

Another Bloomberg News journalist resigns over company’s handling of China story

Jim Romenesko | The New York Times | NPR
A Bloomberg News editor resigned from the company Monday citing the mishandling of an investigative story from China, Jim Romenesko reports.

Ben Richardson, an Asia editor at large, told Romenesko by email that he also left because of what he termed Bloomberg's misleading statements to the global press that disparaged the journalists who had worked on the story, an investigation into the financial ties between one of China's wealthiest men and top officials:

Throughout the process, the threat of legal action has hung over our heads if we talked — and still does. That has meant that senior management have had an open field to spin their own version of events.

Bloomberg plans Businessweek-style ‘design innovation’ across all platforms

Medium In a memo to staffers, Bloomberg Media Group CEO Justin B. Smith lays out marching orders for the company amid standard media-CEO pronouncements ("Technology is disrupting every distribution platform. Consumers are redefining decades-old consumption habits"). The company plans to shift "our focus to global business in order to attract and engage an even broader audience of business decision makers." It wants to build "a portfolio of new digital assets that better align our content offerings to global business audience segments." It's going to put more money into print and radio, and "compete vigorously with a strong and expanding global television product." Smith says "Bloomberg Businessweek’s sensibility and range — witty, visual, forward-looking and global — will power our march into the larger global business audience across all platforms, while maintaining weekly print editions." And it will use Businessweek's approach to design in particular:
In an increasingly commoditized media landscape, great design can be a powerful differentiator. Bloomberg Businessweek’s revival has been in large part due to the brand’s success with design innovation. Our strategy calls for applying a similar design standard to all of our media platforms.
Herewith, some of Bloomberg Businessweek's covers over the past year. (more...)

Bloomberg View: latest mobile-first site to embrace the grid, shun visual hierarchy

Bloomberg View, no longer just an opinion vertical at, has launched a standalone, image-heavy website, which publisher Tim O’Brien told Capital New York is “a departure for Bloomberg.”

But the startling new emphasis on visuals borders on overkill. … Read more


Wall Street Journal and Reuters confirm China has unblocked sites

Tech In Asia
China has unblocked the Chinese-language sites of both The Wall Street Journal and Reuters, according to a story Monday by Steven Millward for Tech In Asia.

Colleen Schwartz, with corporate communications for the Wall Street Journal, confirmed via e-mail that the Journal's site had been unblocked.

Heather Carpenter, public relations manager with Reuters, also confirmed via e-mail Monday that Reuters has been unblocked in China.

Millward reports that the WSJ was blocked in November.
The Chinese edition of Reuters went blank at around the same time. That all came amidst a global controversy over foreign reporters’ visas. Reuters’ veteran reporter Paul Mooney was one of several foreign reporters that faced being kicked out of China at the end of the year as authorities seemed not very keen on renewing their journalists’ visa. However, all the affected reporters were eventually granted the paperwork to keep their bureaus operating.

Bloomberg: Forbes Media exploring sale

Bloomberg Forbes Media has drawn interest from potential buyers and is up for sale, Bloomberg reports. The $400 million reportedly sought for Forbes magazine and would exceed the $250 million purchase price of the Washington Post and the $70 million price of the Boston Globe combined. Lewis Dvorkin, Forbes' chief product officer, has called a "social media operating system" that goes beyond a simple news website. Forbes magazine was founded in 1917. Naturally, Business Insider CEO Henry Blodget has already weighed in:

Don Graham approached Mike Bloomberg, Eric Schmidt about buying Washington Post

The Washington Post
Jeff Bezos "wasn’t the only billionaire wooed" by Washington Post Co. Chairman Donald Graham and the investment bank Allen & Co., Steven Mufson writes. Others included:
Robert Allbritton, owner of Politico and whose family once owned the Washington Star; Michael R. Bloomberg, who some people believed would want a daily print outlet in addition to his economic-driven subscriber news and data service; David Rubenstein, co-founder of the Carlyle Group and a major Washington philanthropist; and Eric Schmidt, who was chief executive of Google for 10 years.

The asking price in other negotiations reached $600 million, according to people familiar with the talks; for one prospective buyer, the price was significantly higher, according to a person whose advice was solicited by that person.
Bezos got the paper for $250 million. Lots, lots more good stuff in Mufson's story about the events that influenced Graham's decision to sell.

Forbes: Newhouses’ fortune increases

Advance Publications owners Donald and Samuel "Si" Newhouse added to their fortunes last year, Forbes reports in its annual list of America's richest people. Forbes estimates Donald Newhouse's net worth as $8.2 billion. It was $6.6 billion in the previous year's list.

Si Newhouse placed a little higher, with a net worth of $8.9 billion. It placed him at $7.4 billion last year. Donald is the nation's 52nd richest person, Forbes says (he was 51 last year) and Si is No. 46, the same spot he had the year before.

Other media types on the list: (more...)

Bloomberg News review suggests standards editor, ombudsman

Bloomberg | The Wall Street Journal
Former New York Times public editor Clark Hoyt reviewed Bloomberg News' newsroom operations following revelations last May that the company's journalists had improperly accessed data about Bloomberg's data customers.

Among Hoyt's recommendations: The news service should install a standards editor as a member of "senior newsroom leadership." That person will, among other duties, "read before publication major news stories and projects for accuracy, fairness, balance and tone."

Hoyt also recommends Bloomberg News install a "senior independent editor" outside the newsroom command chain. That person will act as an ombudsman, with orders to "review and assess complaints regarding news coverage, recommend corrective action to newsroom leadership when warranted and respond to the complaining party." (more...)
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Arthur Ochs Sulzberger

Sulzberger: ‘The New York Times is not for sale’

The New York Times | Politico | New York
"The Times is not for sale," New York Times Publisher Arthur Sulzberger Jr. wrote in a memo to staff Wednesday evening. "Wednesday’s statement was released shortly after Mr. Sulzberger held a closed-door meeting with family members," Christine Haughney reports.

Dylan Byers has the whole memo, which follows increasing speculation that the Sulzberger-Ochs family might be tempted to follow the lead of the Washington, D.C. Graham family and sell their newspaper. (more...)
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New York officials reportedly looking into Bloomberg reporters’ access to information

The Wall Street Journal
People "familiar with the inquiries" tell Katy Burne "Officials in the New York Attorney General's investor protection unit in recent weeks have queried Bloomberg about reporters' knowledge of terminal subscribers' activities."

Bloomberg News Editor-in-Chief Matthew Winkler apologized in May after the New York Post reported that Bloomberg client Goldman Sachs had complained about reporters' access to data from the company's financial terminals.

Previously: Bloomberg cuts off its journalists’ access to customer records | Bloomberg News EIC on reporters having access to proprietary data: ‘The error is inexcusable’ | Bloomberg Reporters’ Practices Become Crucial Issue for Company (The New York Times)