Bloomberg

Big Bloomberg layoffs, says New York Post

The New York Post

It’s been no secret that the return of Mike Bloomberg to his financial news empire would bring changes in personnel and strategy. Now it’s apparently bringing layoffs. The devil of their true significance will be in as-yet-undisclosed details.

Citing “sources,” the New York Post says that the company, which employs 2,700 journalists worldwide, is gearing up for about 100 layoffs, or 4.2 percent of its force, in coming weeks. The company had no immediate response.

Many of the layoffs are expected to target politics and government reporters out of the New York and Washington, DC, bureaus, two sources told The Post.

Those politics and government reporters have been a source of much internal debate, especially with Bloomberg’s return after serving three terms as New York City’s mayor. Read more

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Career Beat: Megan Murphy named Bloomberg’s D.C. bureau chief

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

  • Megan Murphy will be Washington bureau chief at Bloomberg. Previously, she was Washington bureau chief for the Financial Times. (The Huffington Post)
  • Demetri Sevastopulo will be Washington bureau chief of the Financial Times. Previously, Sevastopulo was US political correspondent there. (Playbook)
  • Jared Grusd is now CEO at The Huffington Post. Previously, he was global head of corporate development at Spotify. (Poynter)
  • Jennifer MacMillan is joining the CBC. Previously, she was ‎managing editor of news at HuffPost Canada. (@jenmacmillan)
  • Aleksander Korab is leaving Metro US. He was editor in chief there. (Politico)

Job of the day: The Washington Post is looking for a economy and business assignment editor. Read more

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Fake Bloomberg story has Twitter mulling $31 billion takeover offer, hikes share price

It was total baloney, even if somebody probably made money off the baloney.

There was an Internet kerfuffle Tuesday with what purported to be a Bloomberg News story about Twitter mulling a big purchase offer.

It looked like a Bloomberg tale (though some cognoscenti did instantly discern some stylistic mistakes) but quickly inspired a formal, real Bloomberg tweet that it was a fake.

The response came from Bloomberg spokesman Ty Trippet and didn’t need 140 characters:

But the piece flew about the Internet and briefly caused a spike in Twitter shares. So somebody presumably made some money — perhaps even a lot — off the fabrication. Read more

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Joshua Topolsky out at Bloomberg

Politico

Big news out of Bloomberg Friday morning: Per the New York Times’ Ravi Somaiya, Bloomberg Chief Digital Content Officer Joshua Topolsky is departing the financial news organization after “clashes with Michael Bloomberg over direction of website.”

A spokesperson for Bloomberg declined to comment.

Topolsky is the latest casualty of ongoing tensions at Bloomberg, which has been well chronicled in the press. Among the pain points: a purported atmosphere of “fear and mistrust” in the news organization’s Washington bureau; conflicts between Bloomberg’s new consumer-focused digital hires and the well-established financial news stalwarts; and a fear of diminishing editorial ambition in light of the departure of high-level editors. Read more

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Bottom line on Bloomberg D.C. bureau, says reporter: It’s a bloated mess

The Bloomberg LP Tower, which houses Bloomberg News in New York. Bloomberg LP, a financial data and news company. (AP Photo/Kathy Willens)

The Bloomberg LP Tower, which houses Bloomberg News in New York. Bloomberg LP, a financial data and news company. (AP Photo/Kathy Willens)

It’s been pretty much an open secret within Washington journalism circles that the Bloomberg News bureau is troubled.

Now many of the details are memorialized in a memo that spotlights one of the capital’s most curious media operations.

It argues that the bureau is apparently beset by a grievous lack of leadership, a climate of fear, a bloated staff, confusion over editorial marching orders and confusion about standards across various platforms, according to a reporter’s memo to two bosses.

Bloomberg News declined comment.

“Last year’s layoffs coupled with the demotions of several senior political writers have fostered a climate of fear and mistrust that’s particularly acute in the D.C. Read more

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Bloomberg gets its first Pulitzer

Goliath came out of the shadows Monday.

Bloomberg News won its first Pulitzer for engrossing work by reporter Zachary Mider on corporate tax avoidance.

His stories were cited for a “painstaking, clear and entertaining explanation of how so many U.S. corporations dodge taxes and why lawmakers and regulators have a hard time stopping them,” according to the formal statement by the Pulitzer board.

“I am delighted for Zach – and also for Matt Winkler who spent 25 years building one of the world’s great news organizations at a time when quality journalism elsewhere has been shrinking. I hope he will now get the credit he deserves,” wrote John Micklethwait, editor-in-chief of Bloomberg News, in an email.

Winkler is his predecessor who with Michael Bloomberg largely oversaw the creation and emergence of Bloomberg as both a financial industry and financial news staple. Read more

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Career Beat: Javier Zarracina is graphics editor at Vox

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

  • Alexandra Manzano is now deputy social media editor for the Los Angeles Times. Previously, she was social media editor at The Oregonian. (@AliManzano)
  • Javier Zarracina is now graphics editor at Vox. Previously, he was graphics and data editor at the Los Angeles Times. (Email)
  • Raúl Martinez is now corporate creative director at Condé Nast. Previously, he was design director at Vogue. (Media Moves)
  • Sarykarmen Rivera is now news anchor at WVEA-62 in Tampa. Previously, she was interim news anchor there. (Media Moves)
  • Kathy Kiely is now Washington news director at Bloomberg Politics. Previously, she was managing editor at the Sunlight Foundation. (Politico)
  • Chris Bodenner will be a senior editor at The Atlantic.
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Bloomberg LP reshuffles editorial management

FisbowlNY

Bloomberg LP has announced new changes to its editorial team, including the creation of a new “editorial management committee” composed of editor-in-chief John Micklethwait, deputy editor-in-chief Reto Gregori, and new editorial chief content officer Josh Tyrangiel, All main editors will now report directly to this committee, according to FisbowlNY.

In addition, Bloomberg will physically move its digital news section next to the journalists who write for Bloomberg News. “That will mean we have one unified newsroom with people who write in real time sitting beside each other,” wrote Micklethwait in a memo outlining the changes.

In a memo obtained by FishbowlNY, Micklethwait said:

Media CEO Justin Smith and I have collaborated closely on the editorial reorganization within Media specifically. The editorial heads in our Media businesses — Claudia [Milne for Broadcast], Josh Topolsky, Al [Mayers for Radio], Stephanie [Mehta for Events] and the magazine part of Josh Tyrangiel — will also have a business reporting line to Justin, where appropriate.
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Career Beat: S. Mitra Kalita joins the Los Angeles Times

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

  • S. Mitra Kalita will be managing editor for editorial strategy at the Los Angeles Times. She is executive editor-at-large at Quartz and an adjunct faculty member at Poynter. (Poynter)
  • Matt Saal will be executive producer at Bloomberg TV. He is an executive producer at MSNBC. (Email)
  • Mike Bruno is now senior vice president of digital content at Billboard. Previously, he was vice president of digital content there. (Email)

Job of the day: BBC News is looking for a news writer. Get your résumés in! (Journalism Jobs)

Send Ben your job moves: bmullin@poynter.org Read more

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Career beat: Ellis Jones named editor-in-chief at Vice Magazine

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

  • Ellis Jones is now editor-in-chief of Vice Magazine. Previously, she was executive editor there. (Politico)
  • Jim Murphy is now vice president of morning programming at CNN. Previously, he was senior executive producer for “Early Start and “New Day.” (The Wrap)
  • David Gura will be a reporter at Bloomberg TV. He is a senior reporter and substitute host for “Marketplace.” (Poynter)
  • Dan Wakeford will be deputy editor at People. Previously, he was a consultant. (FashionWeekDaily.com)

Job of the day: The San Antonio Express-News is looking for an investigative reporter. Get your résumés in! (Journalism jobs)

Send Ben your job moves: bmullin@poynter.org Read more

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