Bloomberg

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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David Gura from ‘Marketplace’ joins Bloomberg TV

David Gura, senior reporter and substitute host for American Public Media’s “Marketplace,” will be a reporter at Bloomberg TV, according to a staff memo from Claudia Milne, head of U.S. television for Bloomberg.

Gura will report from New York.

Bloomberg has made a series of hires in recent months in a bid to build its video presence. In October, the company announced the addition of Business Insider’s Joe Weisenthal to develop a show and website, later revealed to be Bloomberg Markets. The company also hired “Game Change” authors John Heilemann and Mark Halperin to develop a website and politics-focused TV show called “With All Due Respect.”

In January, Bloomberg Markets hired Financial Times alum Tracy Alloway to be the site’s executive editor.

Here’s the memo:

Dear All

I have some great news!

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Career Beat: Teri Hayt named executive director at ASNE

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

  • Dashiell Bennett will be news editor at Bloomberg Markets. Previously, he was news editor at The Atlantic. (@TheStalwart)
  • Kate Bennett will be a gossip columnist at Politico. She is fashion editor at Washingtonian. (Email)
  • Teri Hayt will be executive director of the American Society of News Editors. She is executive editor of GateHouse Media Ohio (Email)
  • Pamela Padilla is now a multimedia journalist for KDEN. Previously, she was Web editor for KXTX. (Media Moves)
  • Chelsea Manning will be a columnist for Guardian U.S. Previously, she was an Army intelligence analyst. (NPR)

Job of the day: Wired is looking for a features editor. Get your résumés in! (Journalism Jobs)

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

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