Articles about "Bloomberg"


Pedestrians walk past the main entrance to the Washington Post , Wednesday, Feb. 28, 2007, in Washington. (AP Photo/Pablo Martinez Monsivais)

Washington Post praises rival NYT for China story

The Washington Post

The Washington Post took the unusual step of praising its competitor, The New York Times, for the latter’s story on the wealthy relatives of one of China’s most prominent political figures.

The praise came in an piece by the Editorial Board posted Friday afternoon. The Times’ story, the editorial stated, “struck a welcome blow against an aggressive effort by Chinese authorities to censor such information not just from domestic media but also from the U.S. press.”… Read more

Tools:
1 Comment

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.

Read more
Tools:
0 Comments

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.

Read more
Tools:
0 Comments
bloombergview1

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

Bloomberg View, no longer just an opinion vertical at bloomberg.com, 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. Here’s how Nieman Lab’s Joshua Benton put it:

Read more
Tools:
2 Comments

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.

Read more
Tools:
0 Comments

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 Forbes.com 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 Forbes.com 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:

Read more

Tools:
0 Comments

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.

Read more
Tools:
0 Comments

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: … Read more

Tools:
0 Comments
Writingcode2

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.”… Read more

Tools:
1 Comment
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.… Read more

Tools:
1 Comment