about  /   archives  /   contact  /   subscribe  /   twitter    
Share this entry
Make this entry better

What are we missing? Is there a key link we skipped, or a part of the story we got wrong?

Let us know — we’re counting on you to help Encyclo get better.

Put Encyclo on your site
Embed this Encyclo entry in your blog or webpage by copying this code into your HTML:

Key links:
Primary website:
bloomberg.com
Primary Twitter:
@BloombergNews

Bloomberg is a financial news and data company founded in 1981 and primarily owned by billionaire and New York City mayor Michael Bloomberg.

The vast majority of Bloomberg’s $8.3 billion in 2013 revenue — 82 percent, as of 2012 — are tied to its $20,000-per-year financial data terminals used by 318,000 subscribers as of 2014, but the company’s news division also has 2,400 editorial employees, more than The New York Times or The Wall Street Journal. The company laid off just under 40 employees, especially in its culture and sports departments, in late 2013. It also consolidated its employees more heavily in its New York offices in 2014, after a decade-long emphasis on political coverage based in Washington.

Bloomberg News provides business and financial news through a wire service and Bloomberg Markets magazine, and as of 2014, that division had 2,400 newsroom employees. In January 2010, Bloomberg began a partnership with the Washington Post News Service.

Bloomberg released a free iPad app modeled after its terminals. The company has considered charging as much as $1,000 per year to some of the content on its website.

After complaints by clients, Bloomberg News acknowledged in 2013 its journalists had long used its terminals to gather information on its users for reporting. The terminal use was part of a company-wide focus on data-gathering and internal “transparency” along with external secrecy.

Bloomberg’s social media guidelines, leaked in April 2011, encourage journalists to use Twitter but restrict the ways in which they can do so.

In 2013, Bloomberg Media Group hired as its CEO Justin B. Smith, who had engineered The Atlantic’s digital resurgence. The next year, Smith hired high-profile political journalists John Heilemann and Mark Halperin to head up a new politically focused site called Bloomberg Politics.

In January 2011, Bloomberg launched Bloomberg Government, or BGov, a website that covers business and politics for subscription fees of thousands of dollars a year. Four months later, it launched an online opinion section called Bloomberg View. In 2012, View had a staff of about 20 and 1.6 million monthly unique visitors. Bloomberg also re-launched its free politics page in 2012.

Bloomberg launched a venture capital fund called Bloomberg Beta in 2013 to invest in startups, including some that Bloomberg News covers.

In 2009 Bloomberg bought the weekly magazine BusinessWeek for $5 million from McGraw-Hill.

Recent Nieman Lab coverage:
June 1, 2015 / Joseph Lichterman
Pew study: When it comes to political news, Facebook has become local TV for millennials — Need more proof of the role Facebook is playing in the distribution of news? Among Americans born between 1981 and 1996 — a.k.a millennials — 61 percent get political news from Facebook in a given week, versus 37 per...
Feb. 27, 2015 / Ken Doctor
Newsonomics: The Financial Times triples its profits and swaps champagne flutes for martini glasses — Even as the Financial Times announces excellent bottom-line numbers, the heat it’s feeling from the diverse and growing competition in business news is palpable. The FT may be 127 years old and roundly and rightful...
June 9, 2014 / Ken Doctor
The newsonomics of Time Inc.’s anxious spinoff — As it enters new life as a new company, Time Inc. seems to have become a piñata for media watchers. The more iconic they are, it seems, the more they’re fair game, for everything from second-guessing to satire. Ce...
May 1, 2014 / Ken Doctor
The newsonomics of Quartz, 19 months in — Quartz, at the tender age of 19 months, can hardly be considered a father to Vox, FiveThirtyEight, and The Upshot. Clearly, though, it’s a major influence. It marked and followed an explanatory way forward way back...
April 22, 2014 / Joseph Lichterman
Creating a new brand for financial news, in Michigan of all places — SOUTHFIELD, Mich. — Carl Icahn is not pleased. On this Monday morning in early March the activist investor is taking to CNBC to respond to eBay after it rejected his bid to remove some members of its board. This is a b...

Recently around the web, from Mediagazer:

Primary author: Mark Coddington. Main text last updated: August 14, 2014.
Make this entry better
How could this entry improve? What's missing, unclear, or wrong?
Name (optional)
Email (optional)
Explore: ABC News
ABC News logo

ABC News is a television network news organization. It is a division of ABC, a network owned by the Walt Disney Company. ABC News’ programs include its evening newscast World News, late-night news program Nightline, morning show Good Morning America and Sunday morning talk show This Week. World News and Good Morning America are typically…

Put Encyclo on your site
Embed this Encyclo entry in your blog or webpage by copying this code into your HTML:

Encyclo is made possible by a grant from the Knight Foundation.
The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age.
Some rights reserved. Copyright information »