Bloomberg News#Bloomberg View
{{short description|International news agency based in New York City}}
{{about|the Bloomberg news agency|the current parent company|Bloomberg L.P.}}
{{Use mdy dates|date=April 2024}}
{{Infobox company
| name = Bloomberg News
| logo = File:New Bloomberg Logo.svg
| former_name = Bloomberg Business News (1990–1997)
| type = Division
| founded = {{Start date and age|1990}}
| hq_location = Bloomberg Tower, 731 Lexington Avenue, Manhattan, New York City
Bloomberg London (London and Europe)
Marina Bay Financial Centre, Singapore (Asia–Pacific)
Pacific Place Jakarta, Sudirman Central Business District, Jakarta (Asia–Pacific)
| key_people = John Micklethwait
(editor-in-chief)
| industry = News agency
| founders = Michael Bloomberg
Matthew Winkler
| owner =
| num_employees = 2,300
| parent = Bloomberg L.P.
| website = {{URL|https://www.bloomberg.com}}
}}
{{Michael Bloomberg series}}
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief.{{cite magazine|url=https://www.wired.com/2015/09/bloombergs-future-future-news-everyone/|title=Bloomberg's Future Is the Future of News for Everyone|magazine=Wired|date=September 2, 2015|author=Julia Greenberg|access-date=February 16, 2019|issn=1059-1028}}
History
Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers.{{cite book|url=https://books.google.com/books?id=9G-FWJIAOSEC|title=Make It New: Essays in the History of American Business|publisher=iUniverse|year=2004|author=Paul Bodine|pages=180–190|location=Lincoln, Nebraska|isbn=9780595309214|access-date=March 15, 2013|archive-date=August 30, 2023|archive-url=https://web.archive.org/web/20230830212918/https://books.google.com/books?id=9G-FWJIAOSEC|url-status=live}}
The agency was established in 1990 with a team of six people.{{cite news|url=http://www.bloomberg.com/solutions/bloomberg_news/|title=Bloomberg Solutions|publisher=Bloomberg News|access-date=May 14, 2013|url-status=dead|archive-url=https://web.archive.org/web/20100624034259/http://www.bloomberg.com/solutions/bloomberg_news/|archive-date=June 24, 2010}} Winkler was first editor-in-chief.{{cite news|url=http://www.theaustralian.com.au/media/cult-of-bloomberg-way-underpinned-by-accuracy/story-e6frg996-1226140375103|title=Cult of Bloomberg way underpinned by accuracy|newspaper=The Australian|access-date=October 26, 2011|archive-date=March 23, 2014|archive-url=https://web.archive.org/web/20140323140626/http://www.theaustralian.com.au/media/cult-of-bloomberg-way-underpinned-by-accuracy/story-e6frg996-1226140375103|url-status=live}} In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide.{{cite news|url=https://www.bloomberg.com/pressroom/facts/|title=At A Glance|publisher=Bloomberg Press Room|access-date=March 18, 2013|url-status=dead|archive-url=https://web.archive.org/web/20120707114539/http://www.bloomberg.com/pressroom/facts/|archive-date=July 7, 2012}}{{cite web|url=http://www.jomc.unc.edu/video/bloomberg-news-editor-in-chief-to-speak-oct-16-about-the-economy-and-the-presidential-election|title=Bloomberg News editor-in-chief speaks about the economy and the presidential election|publisher=UNC School of Journalism and Mass Communication|access-date=March 18, 2013|url-status=dead|archive-url=https://web.archive.org/web/20130224135451/http://www.jomc.unc.edu/video/bloomberg-news-editor-in-chief-to-speak-oct-16-about-the-economy-and-the-presidential-election|archive-date=February 24, 2013}}
=Beginnings (1990–1995)=
Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for The Wall Street Journal, Michael Bloomberg telephoned him in November 1989 and asked, "What would it take to get into the news business?"{{Cite web|url=https://medium.com/damian-radcliffe/in-conversation-with-matthew-winkler-editor-in-chief-emeritus-and-co-founder-of-bloomberg-news-61e26e14d904|title=In conversation with Matthew Winkler, Editor-in-Chief Emeritus and co-founder of Bloomberg News|last=Radcliffe|first=Damian|date=January 8, 2020|website=Medium|language=en|access-date=February 21, 2020|archive-date=February 21, 2020|archive-url=https://web.archive.org/web/20200221180711/https://medium.com/damian-radcliffe/in-conversation-with-matthew-winkler-editor-in-chief-emeritus-and-co-founder-of-bloomberg-news-61e26e14d904|url-status=live}}
In his book, The Bloomberg Way, Winkler recalls a conversation with Bloomberg about a hypothetical ethical dilemma which could have arisen from Bloomberg's interest in creating a newspaper:
{{blockquote|"You have just published a story that says the chairman—and I mean chairman—of your biggest customer has taken $5 million from the corporate till. He is with his secretary at a Rio de Janeiro resort, and the secretary's spurned boyfriend calls to tip you off. You get an independent verification that the story is true. Then the phone rings. The customer's public-relations person says, 'Kill the story or we will return all the terminals we currently rent from you.{{'"}}
"What would you do?" Winkler asked.
"Go with the story," Bloomberg replied. "Our lawyers will love the fees you generate."{{cite book|author1=Matthew Winkler|author2=Jennifer Sondag|title=The Bloomberg Way|location=Hoboken, New Jersey|publisher=John Wiley & Sons, Inc.|year=2014|pages=xi–xii|isbn=978-1-118-84226-3}}{{Cite book|last1=Winkler|first1=Matthew|url=https://books.google.com/books?id=GNbnAgAAQBAJ&pg=PT8|title=The Bloomberg Way: A Guide for Reporters and Editors|last2=Sondag|first2=Jennifer|date=2014-02-20|publisher=John Wiley & Sons|isbn=978-1-118-84233-1|language=en|access-date=February 21, 2020|archive-date=August 30, 2023|archive-url=https://web.archive.org/web/20230830212920/https://books.google.com/books?id=GNbnAgAAQBAJ&pg=PT8|url-status=live}}}}
Winkler recalls this as his "deciding moment", the time at which he became willing to help Bloomberg build his news organization.
The publication was created to provide concise, timely financial news.{{cite book|author=Michael Bloomberg|title=Bloomberg by Bloomberg|year=1997|publisher=John Wiley & Sons, Inc.|location=New York|isbn=0-471-15545-4|pages=[https://archive.org/details/bloombergbybloom00bloo/page/79 79–100]|url-access=registration|url=https://archive.org/details/bloombergbybloom00bloo/page/79}} As a new company in 1990, Bloomberg hoped that the news service would spread the company name, sell more Bloomberg Terminals and end Bloomberg's reliance on the Dow Jones News Services.
The creation of Bloomberg Business News required Winkler to open a Bloomberg office in Washington, D.C., to report about political effects on the business world. However, the Standing Committee of Correspondents (SCC) in Washington required Bloomberg News be formally accredited to act as a legitimate news source, a title that Bloomberg Business News only accomplished after agreeing to provide free terminals to major newspapers in exchange for news space in the publications. During this growth period Bloomberg News opened a small television station in New York, purchased New York radio station WNEW, launched fifteen-minute weekday business news programs for broadcast on PBS, and opened offices in Hong Kong and Frankfurt, Germany.
=1995–2000=
The initial goal of Bloomberg Business News to increase terminal sales was met by the mid-1990s and the company refocused the scope of its news service to rival the profitability of other media groups such as Reuters and Dow Jones. This led to the creation of Bloomberg's magazine, Bloomberg Personal, in 1995, which was carried in the Sunday edition of 18 U.S. papers.{{cite book |last= |first= |url=https://www.cengage.com/search/productOverview.do?Ntt=7805587867677144810625576211998284400&N=197+4294916723&Ntk=P_EPI |title=International Directory of Company Histories Vol. 126 |publisher=St. James Press |year=2011 |isbn=9781558628083 |edition=Casebound |location=Farmington Hills, Michigan}} In 1994, Bloomberg launched a 24-hour financial news service through Bloomberg Information Television, which was broadcast on DirecTV. Bloomberg also launched a web site to provide the audio feed of its radio broadcasts. Bloomberg Business News was renamed Bloomberg News in 1997.{{Citation needed|date=February 2020}}
=2000–2014=
In 2009 Bloomberg News and The Washington Post launched a global news service known as The Washington Post News Service with Bloomberg News, to provide economic and political news.{{Cite news|last=Carr|first=David|url=https://www.nytimes.com/2009/09/28/business/media/28cbs.html|title=To Cover World, CBS Joins With a News Site|date=September 27, 2009|work=The New York Times|access-date=February 21, 2020|language=en-US|issn=0362-4331|archive-date=February 21, 2020|archive-url=https://web.archive.org/web/20200221182116/https://www.nytimes.com/2009/09/28/business/media/28cbs.html|url-status=live}}
In April 2014, Bloomberg News launched the Bloomberg Luxury lifestyle section of its paper.{{cite magazine|url=https://wwd.com/business-news/media/bloomberg-to-build-luxury-online-7653531/|title=Bloomberg to Build Luxury Online|magazine=Women's Wear Daily|date=April 23, 2014}} The section's content covers topics including travel, wine news, dining, auto news, gadgets, technology news, and more. It also highlights content from Bloomberg's quarterly lifestyle and luxury magazine, Pursuits.{{Citation needed|date=February 2020}}
== Business in China ==
In 2012, Bloomberg News published investigative series titled "Revolution to Riches", which focused on China's political elite. The series won that year's George Polk Award for International Reporting.{{cite web |date=February 18, 2013 |title=George Polk Awards |url=http://www.liu.edu/About/News/Univ-Ctr-PR/2013/February/UC_PR-Feb18-2 |access-date=January 26, 2018 |website=Long Island University |archive-date=April 8, 2014 |archive-url=https://web.archive.org/web/20140408095051/http://liu.edu/About/News/Univ-Ctr-PR/2013/February/UC_PR-Feb18-2 |url-status=live }}{{cite news |title=Revolution to Riches |publisher=Bloomberg News |url=http://topics.bloomberg.com/revolution-to-riches/ |url-status=dead |access-date=July 13, 2014 |archive-url=https://web.archive.org/web/20121231142229/http://topics.bloomberg.com/revolution-to-riches |archive-date=December 31, 2012}} One story in the series delved into the family wealth of Chinese leader Xi Jinping.{{cite news |date=June 29, 2012 |title=Xi Jinping Millionaire Relations Reveal Fortunes of Elite |publisher=Bloomberg News |url=https://www.bloomberg.com/news/2012-06-29/xi-jinping-millionaire-relations-reveal-fortunes-of-elite.html |url-access=subscription |access-date=November 9, 2014 |archive-date=July 4, 2012 |archive-url=https://web.archive.org/web/20120704222305/http://www.bloomberg.com/news/2012-06-29/xi-jinping-millionaire-relations-reveal-fortunes-of-elite.html |url-status=live }} However, before publishing the Xi story, Bloomberg executives and senior editors met with Chinese diplomats twice, without informing the journalists working on the story.{{cite magazine |author=Howard W. French |date=May 1, 2014 |title=Bloomberg's Folly |url=https://www.cjr.org/feature/bloombergs_folly.php |magazine=Columbia Journalism Review |access-date=December 7, 2014}} Zhang Yesui, the Chinese ambassador to the United States, reportedly threatened Bloomberg with consequences for its Chinese operations if it published the story. Bloomberg's editor-in-chief, Matthew Winkler, reportedly refused to stop the story from being published. Then-CEO Daniel Doctoroff also reportedly defended the investigation and insisted on publishing it, although he insisted on changes to soften the story's impact. After the story was published in June 2012, the Chinese government ordered state enterprises not to subscribe to Bloomberg News. The company's website was also blocked on Chinese servers, and it was unable to obtain visas for journalists it wanted to send to China.{{cite news |author1=Edward Wong |author-link1=Edward Wong |author2=Christine Haughney |date=November 17, 2013 |title=Bloomberg News Suspends Reporter Whose Article on China Was Not Published |language=en-US |newspaper=The New York Times |url=https://www.nytimes.com/2013/11/18/world/asia/reporter-on-unpublished-bloomberg-article-is-suspended.html |access-date=February 16, 2019 |issn=0362-4331 |archive-date=September 4, 2017 |archive-url=https://web.archive.org/web/20170904092117/http://www.nytimes.com/2013/11/18/world/asia/reporter-on-unpublished-bloomberg-article-is-suspended.html |url-status=live }}
The following year, Bloomberg shut down an ongoing investigation into the financial ties between a wealthy Chinese businessman and top Chinese leaders' families. Another planned article "about the children of senior Chinese officials employed by foreign banks" was also killed, according to Bloomberg employees.{{cite news |author=Edward Wong |date=November 8, 2013 |title=Bloomberg News Is Said to Curb Articles That Might Anger China |language=en-US |newspaper=The New York Times |url=https://www.nytimes.com/2013/11/09/world/asia/bloomberg-news-is-said-to-curb-articles-that-might-anger-china.html |access-date=February 16, 2019 |issn=0362-4331 |archive-date=April 16, 2017 |archive-url=https://web.archive.org/web/20170416212919/http://www.nytimes.com/2013/11/09/world/asia/bloomberg-news-is-said-to-curb-articles-that-might-anger-china.html |url-status=live }} At least five journalists and editors, including the lead writer on the Xi story, left the company after news reports about the decision appeared.{{Cite magazine |last=Demick |first=Barbara |date=May 5, 2015 |title=The Times, Bloomberg News, and the Richest Man in China |language=en-US |magazine=The New Yorker |url=https://www.newyorker.com/news/news-desk/how-not-to-get-kicked-out-of-china |access-date=July 25, 2023 |issn=0028-792X |archive-date=July 25, 2023 |archive-url=https://web.archive.org/web/20230725144837/https://www.newyorker.com/news/news-desk/how-not-to-get-kicked-out-of-china |url-status=live }} One of the journalists said Bloomberg had disparaged "the team that worked so hard to execute an incredibly demanding story" and claimed it threatened the journalists who worked on the story with legal action if they discussed the incident publicly.{{Cite news |last=Folkenflik |first=David |date=April 14, 2020 |title=Bloomberg News Killed Investigation, Fired Reporter, Then Sought To Silence His Wife |work=NPR |url=https://www.npr.org/2020/04/14/828565428/bloomberg-news-killed-investigation-fired-reporter-then-sought-to-silence-his-wi |access-date=April 15, 2020 |archive-date=April 14, 2020 |archive-url=https://web.archive.org/web/20200414191751/https://www.npr.org/2020/04/14/828565428/bloomberg-news-killed-investigation-fired-reporter-then-sought-to-silence-his-wi |url-status=live }}{{cite web |author=Jim Romenesko |author-link=Jim Romenesko |date=March 24, 2014 |title=Ben Richardson Quits Bloomberg News Over Handling of Investigative Piece |url=http://jimromenesko.com/2014/03/24/ben-richardson-quits-bloomberg-news-over-handling-of-investigative-piece/ |url-status=dead |archive-url=https://web.archive.org/web/20140602200811/http://jimromenesko.com/2014/03/24/ben-richardson-quits-bloomberg-news-over-handling-of-investigative-piece/ |archive-date=June 2, 2014 |access-date=June 1, 2014 |website=JimRomenesko.com}}
Bloomberg's top editors, including the senior editor on the stories, Laurie Hays, and editor-in-chief Matthew Winkler denied that the stories were killed. However, this was contradicted by several anonymous Bloomberg employees. According to one employee, Winkler had said, "If we run the story, we'll be kicked out of China." Michael Bloomberg, founder of the company, also denied the accusation, but noted that he had recused himself from the company's operations as he was mayor of New York.{{cite news |author=Ben Sisario |author-link=Ben Sisario |date=November 12, 2013 |title=Bloomberg Says News Service Did Not Kill Articles on China |language=en-US |newspaper=The New York Times |url=https://www.nytimes.com/2013/11/13/business/media/bloomberg-says-news-service-did-not-kill-articles-on-china.html |access-date=February 16, 2019 |issn=0362-4331 |archive-date=May 21, 2017 |archive-url=https://web.archive.org/web/20170521213023/http://www.nytimes.com/2013/11/13/business/media/bloomberg-says-news-service-did-not-kill-articles-on-china.html |url-status=live }}
After the incidents, Bloomberg set about trying to repair its relationship with the Chinese government. By 2015, Bloomberg's reporters began receiving visas again. Bloomberg Chairman Peter Grauer told the staff at the Bloomberg Hong Kong bureau that the company's sales team had done a "heroic job" of mending relations with Chinese officials who had indicated their displeasure about the publication of the Xi revelations. He also warned that if Bloomberg "were to do anything like" the Xi story again, the company would "be straight back in the shit-box."
Bloomberg was widely criticized for how it handled the controversy. Howard French, a professor of journalism, wrote that Bloomberg had "tainted its corporate identity and journalism brand to a degree that could last for years."
=2015 refocus=
In 2015, an internal memo written by editor-in-chief John Micklethwait was leaked to the public. This memo indicated an intent to refocus the agency to better target its core audience, "the clever customer who is short of time", and better achieve the goal of being "the definitive 'chronicle of capitalism.'" This change led to a reduction in reporting on general interest topics in favor of content related to business and economics.
=2018 redesign and paywall=
In 2018, Micklethwait announced a new digital design for Bloomberg News. Bloomberg uses a metered paywall to charge visitors for content, limiting users to view 10 free articles per month with unlimited re-read option, and 30 minutes of Bloomberg Television watch per day with reset at local midnight time.{{cite news|url=https://www.wsj.com/articles/bloombergs-new-paywall-will-charge-users-35-a-month-1525285030|title=Bloomberg's New Paywall Will Charge Users $35 a Month|newspaper=The Wall Street Journal|date=May 2, 2018|author=Benjamin Mullin|access-date=February 16, 2019|language=en-US|issn=0099-9660|archive-date=May 3, 2018|archive-url=https://web.archive.org/web/20180503125656/https://www.wsj.com/articles/bloombergs-new-paywall-will-charge-users-35-a-month-1525285030|url-status=live}}{{Cite web|title=Bloomberg subscriptions|url=https://www.bloomberg.com/subscriptions/abgw2m846tx8qks/|website=Bloomberg.com|publisher=Bloomberg|access-date=May 20, 2020|archive-date=February 28, 2022|archive-url=https://web.archive.org/web/20220228021156/https://www.bloomberg.com/subscriptions/abgw2m846tx8qks/|url-status=live}}
In 2018, Bloomberg Businessweek, a subsidiary of Bloomberg News, published an article alleging that the Chinese government had hacked several American companies, including Apple Inc. and Amazon, by placing secret integrated circuits into their computers. Apple and Amazon strongly denied the report. The incident became a long-running dispute between Bloomberg; the U.S. Department of Homeland Security and the U.K. National Cyber Security Centre both issues statements supporting the companies' denials of the story.{{Cite web |last=Cimpanu |first=Catalin |date=October 7, 2018 |title=DHS and GCHQ join Amazon and Apple in denying Bloomberg chip hack story |url=https://www.zdnet.com/article/dhs-and-gchq-join-amazon-and-apple-in-denying-bloomberg-chip-hack-story/ |access-date=July 27, 2023 |website=ZDNET |language=en |archive-date=July 27, 2023 |archive-url=https://web.archive.org/web/20230727121455/https://www.zdnet.com/article/dhs-and-gchq-join-amazon-and-apple-in-denying-bloomberg-chip-hack-story/ |url-status=live }} In 2021, Bloomberg published a follow-up article standing by its allegations.{{Cite news |last1=Robertson |first1=Jordan |last2=Riley |first2=Michael |date=February 12, 2021 |title=The Long Hack: How China Exploited a U.S. Tech Supplier |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/features/2021-supermicro/ |access-date=July 27, 2023 |archive-date=July 21, 2023 |archive-url=https://web.archive.org/web/20230721093448/https://www.bloomberg.com/features/2021-supermicro/ |url-status=live }}{{Cite news |last=Moss |first=Sebastian |date=February 12, 2021 |title=Years later, Bloomberg doubles down on disputed Supermicro supply chain hack story |work=Data Center Dynamics |url=https://www.datacenterdynamics.com/en/news/years-later-bloomberg-doubles-down-disputed-supermicro-supply-chain-hack-story/ |access-date=July 27, 2023 |archive-date=July 27, 2023 |archive-url=https://web.archive.org/web/20230727121852/https://www.datacenterdynamics.com/en/news/years-later-bloomberg-doubles-down-disputed-supermicro-supply-chain-hack-story/ |url-status=live }}
In 2016, Bloomberg published a news release claiming to be from Vinci SA, a French construction company, that it had discovered accounting irregularities and had to revise its earnings reports. The news release turned out to be a hoax. Vinci's stock briefly fell by 18% when Bloomberg published it, although it quickly recovered once it became clear it was not true. In 2019, France's stock markets regulator, the Autorité des marchés financiers, fined Bloomberg €5 million for publishing the report, stating that it should have known it was false.{{Cite news |last=Pooler |first=Michael |date=December 16, 2019 |title=Bloomberg fined €5m over report of fake news release |work=Financial Times |url=https://www.ft.com/content/32013b6a-202f-11ea-b8a1-584213ee7b2b |access-date=July 27, 2023 |archive-date=July 27, 2023 |archive-url=https://web.archive.org/web/20230727123759/https://www.ft.com/content/32013b6a-202f-11ea-b8a1-584213ee7b2b |url-status=live }} An appeals court reduced the fine to €3 million in 2021.{{Cite news |last= |date=September 16, 2021 |title=French court lowers Bloomberg fine over hoax Vinci statement -media reports |language=en |work=Reuters |url=https://www.reuters.com/business/media-telecom/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports-2021-09-16/ |access-date=July 27, 2023 |archive-date=July 27, 2023 |archive-url=https://web.archive.org/web/20230727123759/https://www.reuters.com/business/media-telecom/french-court-lowers-bloomberg-fine-over-hoax-vinci-statement-media-reports-2021-09-16/ |url-status=live }}
= Michael Bloomberg presidential campaign =
In November 2019, as Michael Bloomberg announced his presidential campaign, editor-in-chief John Micklethwait ordered his staff not to investigate their boss, nor any other Democratic candidates, while investigations into Donald Trump would continue, "as the government of the day".{{cite news |url=https://www.cnbc.com/2019/11/24/bloomberg-news-will-not-investigate-mike-bloomberg-or-his-democratic-rivals-during-primary.html |title=Bloomberg News will not investigate Mike Bloomberg or his Democratic rivals during primary |work=CNBC |first1=Lauren |last1=Hirsch |first2=Brian |last2=Schwartz |date=November 24, 2019 |access-date=November 26, 2019 |archive-date=November 26, 2019 |archive-url=https://web.archive.org/web/20191126031522/https://www.cnbc.com/2019/11/24/bloomberg-news-will-not-investigate-mike-bloomberg-or-his-democratic-rivals-during-primary.html |url-status=live }} Subsequent reporting said Micklethwait was referring to a team of specialized investigative reporters, as opposed to the overall political team, but he would not elaborate or issue a public clarification despite newsroom staff wishing for him to do so. Investigative journalists and political reporters operate separately but reporting indicates this distinction would not be clear to the general public.{{Cite news|last=Grynbaum|first=Michael M.|url=https://www.nytimes.com/2020/02/17/business/media/bloomberg-news-conflict-of-interest.html|title=Bloomberg News's Dilemma: How to Cover a Boss Seeking the Presidency|date=February 17, 2020|work=The New York Times|access-date=February 27, 2020|language=en-US|issn=0362-4331|archive-date=February 27, 2020|archive-url=https://web.archive.org/web/20200227165425/https://www.nytimes.com/2020/02/17/business/media/bloomberg-news-conflict-of-interest.html|url-status=live}}
Following Bloomberg's announcement, the Houston Chronicle dropped Bloomberg as a source for the 2020 Presidential campaign, saying that "journalists should not choose targets based on their political affiliation."{{Cite web|url=https://thehill.com/homenews/media/474333-houston-chronicle-stops-using-bloomberg-news-wire-stories-for-campaign|title=Houston Chronicle stops using Bloomberg News wire stories for campaign coverage|first=Justin|last=Wise|date=December 12, 2019|website=The Hill|access-date=December 16, 2019|archive-date=December 16, 2019|archive-url=https://web.archive.org/web/20191216171350/https://thehill.com/homenews/media/474333-houston-chronicle-stops-using-bloomberg-news-wire-stories-for-campaign|url-status=live}} Former Bloomberg News DC Bureau Chief Megan Murphy also criticized the decision, saying it bars "talented reporters and editors from covering massive, crucial aspects of one of the defining elections of our time" and calling the decision to avoid coverage "not journalism".{{Cite web|url=https://twitter.com/meganmurp/status/1198665230273974272|title=It is truly staggering that *any* editor would put their name on a memo that bars an army of unbelievably talented reporters and editors from covering massive, crucial aspects of one of the defining elections of our time. Staggering.|first=Megan|last=Murphy|date=November 24, 2019|access-date=December 16, 2019|archive-date=December 11, 2019|archive-url=https://web.archive.org/web/20191211211257/https://twitter.com/meganmurp/status/1198665230273974272|url-status=live}} Responding to the controversy, Michael Bloomberg told CBS News: "We just have to learn to live with some things." He added that his reporters "get a paycheck. But with your paycheck comes some restrictions and responsibilities."{{Cite web|url=https://abcnews.go.com/Entertainment/wireStory/bloomberg-news-reporters-accept-restrictions-67554419|title=Bloomberg: His news reporters need to accept restrictions|website=ABC News|access-date=December 16, 2019|archive-date=December 16, 2019|archive-url=https://web.archive.org/web/20191216172426/https://abcnews.go.com/Entertainment/wireStory/bloomberg-news-reporters-accept-restrictions-67554419|url-status=live}}
Bloomberg suspended his campaign on March 4, 2020, the day after Super Tuesday.
= 2024 Russian prisoner exchange =
While the 2024 Russian prisoner exchange was still in progress, Bloomberg News broke a news embargo by reporting information provided by the White House. Other publications, including the Wall Street Journal, criticized Bloomberg for breaking the embargo, potentially jeopardizing the exchange, and for a Bloomberg editor's apparent boasting for being the one to first publish a breaking news story.{{Cite web |last=Klein |first=Charlotte |date=2024-08-02 |title=Everybody Is Mad at Bloomberg for Its Embargo-Breaking Gershkovich Scoop |url=https://nymag.com/intelligencer/article/bloombergs-risky-embargo-breaking-evan-gershkovich-scoop.html |access-date=2024-08-02 |website=Intelligencer |language=en}}
''Bloomberg Businessweek''
{{see also| Bloomberg Businessweek}}
Bloomberg L.P. bought weekly business magazine Businessweek from McGraw-Hill in 2009.{{cite news|url=https://www.nytimes.com/2009/10/14/business/media/14bizweek.html|title=Bloomberg Buys BusinessWeek From McGraw-Hill|newspaper=The New York Times|date=October 13, 2009|author1=Stephanie Clifford|author2=David Carr|author-link1=Stephanie Clifford|access-date=March 18, 2013|archive-date=December 4, 2019|archive-url=https://web.archive.org/web/20191204060152/https://www.nytimes.com/2009/10/14/business/media/14bizweek.html|url-status=live}} The company acquired the magazine to attract general business to its media audience composed primarily of terminal subscribers. Following the acquisition, Businessweek was renamed Bloomberg Businessweek.{{cite magazine|url=https://www.bloomberg.com/news/articles/2009-10-12/bloomberg-wins-bidding-for-businessweek|title=Bloomberg Wins Bidding For BusinessWeek|magazine=Bloomberg Businessweek|date=October 13, 2009|author=Tom Lowry|url-access=subscription|access-date=March 18, 2013}} Bloomberg Businessweek became a part of Bloomberg News after the acquisition from Bloomberg L.P.{{Cite web|title=Bloomberg Businessweek|url=https://www.bloomberg.com/businessweek|url-status=live|website=Businessweek.com|archive-url=https://web.archive.org/web/20150128161521/http://www.bloomberg.com/businessweek |archive-date=January 28, 2015 }}
Bloomberg Television
{{see also| Bloomberg Television}}
Bloomberg Television is a 24-hour financial news television network. It was introduced in 1994 as a subscription service transmitted on satellite television provider DirecTV, 13 hours a day, 7 days a week.{{cite web|url=http://www.fundinguniverse.com/company-histories/bloomberg-l-p-history/|title=Bloomberg L.P. History|publisher=FundingUniverse|access-date=March 19, 2013|archive-date=July 7, 2012|archive-url=https://web.archive.org/web/20120707012913/http://www.fundinguniverse.com/company-histories/bloomberg-l-p-history/|url-status=live}} In 1995, the network entered the cable television market and by 2000, Bloomberg's 24-hour news programming was being aired to 200 million households.{{cite news|url=https://www.nytimes.com/2000/09/18/business/bloomberg-unit-to-announce-a-cable-deal.html|title=Bloomberg Unit To Announce A Cable Deal|newspaper=The New York Times|date=September 18, 2000|author=Danny Hakim|access-date=March 19, 2013|archive-date=June 24, 2017|archive-url=https://web.archive.org/web/20170624224736/http://www.nytimes.com/2000/09/18/business/bloomberg-unit-to-announce-a-cable-deal.html|url-status=live}} Justin Smith is CEO of the Bloomberg Media Group which includes Bloomberg Radio, Bloomberg Television and mobile, online and advertising-supported components of Bloomberg's media offerings.{{cite web|url=http://www.datacenterdynamics.com/focus/archive/2012/05/bloomberg-cloud-built-world-domination|title=Bloomberg: a cloud built for world domination|publisher=DatacenterDynamics|access-date=March 19, 2013|url-status=dead |archive-url=https://web.archive.org/web/20121114181613/http://www.datacenterdynamics.com/focus/archive/2012/05/bloomberg-cloud-built-world-domination|archive-date=November 14, 2012}}
''Bloomberg Markets''
{{see also| Bloomberg Markets}}
Originally launched in July 1992 under the title Bloomberg: A Magazine for Bloomberg Users, Bloomberg Markets was a monthly magazine given to all Bloomberg Professional Service subscribers.{{cite web|url=https://www.prweek.com/article/168343|title=MEDIA: Bloomberg's mag to be launched in the UK high street|publisher=BrandRepublic|date=January 17, 2003|author=Ian Hall|access-date=March 19, 2013|archive-date=April 28, 2014|archive-url=https://web.archive.org/web/20140428113056/http://www.prweek.com/article/168343|url-status=live}} In addition to providing international financial news to industry professionals, the magazine included points for navigating terminal functionality. In 2010, the magazine was redesigned in an effort to update its readership beyond terminal users.{{cite magazine|url=http://www.adweek.com/news/press/bloomberg-strikes-again-132453|title=MEDIA: Bloomberg Strikes Again|magazine=AdWeek|access-date=March 19, 2013}} Ron Henkoff has been editor of Bloomberg Markets since 1999{{cite web|url=http://www.bloomberglink.com/people/ronald-henkoff/|title=MEDIA: Ronald Henkoff|publisher=Bloomberg Link|access-date=March 19, 2013|url-status=dead|archive-url=https://web.archive.org/web/20121201162031/http://www.bloomberglink.com/people/ronald-henkoff/|archive-date=December 1, 2012}} and Michael Dukmejian has been the magazine's publisher since 2009.{{cite press release|url=https://www.reuters.com/article/2009/06/24/idUS188318+24-Jun-2009+PRN20090624|title=Michael Dukmejian Joins BLOOMBERG MARKETS Magazine As Publisher|publisher=Reuters|date=June 24, 2009|author=Angela Martin|access-date=March 19, 2013|url-status=dead|archive-url=https://web.archive.org/web/20121114155702/https://www.reuters.com/article/2009/06/24/idUS188318%2B24-Jun-2009%2BPRN20090624|archive-date=November 14, 2012}}
Bloomberg Opinion
Bloomberg Opinion, formerly Bloomberg View, is an editorial division of Bloomberg News which launched in May 2011, and provides content from columnists, authors and editors about current news issues.{{cite news|url=http://www.politico.com/blogs/onmedia/0411/Bloomberg_View_reveals_columnists_ed_board.html|title=Bloomberg View reveals columnists, editorial board|publisher=Politico|access-date=March 20, 2013|archive-date=May 2, 2011|archive-url=https://web.archive.org/web/20110502031357/http://www.politico.com/blogs/onmedia/0411/Bloomberg_View_reveals_columnists_ed_board.html|url-status=live}} Timothy L. O'Brien, a former New York Times reporter and editor, is senior executive editor of the division.{{cite news|url=https://talkingbiznews.com/media-news/obrien-named-editor-of-bloomberg-opinion/|title=O'Brien named editor of Bloomberg Opinion|newspaper=Talking Biz News|date=July 7, 2022|author=Chris Roush|access-date=January 11, 2023|archive-date=January 12, 2023|archive-url=https://web.archive.org/web/20230112022308/https://talkingbiznews.com/media-news/obrien-named-editor-of-bloomberg-opinion/|url-status=live}}
Bloomberg Editor-in-Chief John Micklethwait admitted in an email to staffers that Michael Bloomberg controls the editorial output of the Opinion section, stating "our editorials have reflected his views".{{Cite web |last=Dreier |first=Hannah |date=February 27, 2020 |title=When the Billionaire Family Behind the Opioid Crisis Needed PR Help, They Turned to Mike Bloomberg |url=https://www.propublica.org/article/bloomberg-sacklers-opioid-crisis-public-relations |access-date=August 12, 2023 |website=ProPublica |language=en |archive-date=August 12, 2023 |archive-url=https://web.archive.org/web/20230812124544/https://www.propublica.org/article/bloomberg-sacklers-opioid-crisis-public-relations |url-status=live }} In 2017, Michael Bloomberg threatened to close Bloomberg View, part of the Bloomberg Opinion, after John Paulson, a billionaire hedge fund manager gave him a call. Paulson was upset about a column that suggested his record-breaking donation to Harvard should have gone to "literally any other charity." Bloomberg changed his mind over the weekend, but the columnist was given a talking to, according to people familiar with the incident.
Bloomberg Politics
Bloomberg Politics provides political coverage via digital, print and broadcast media.{{cite press release|url=https://www.bloomberg.com/now/press-releases/bloomberg-announces-first-new-digitally-led-multi-platform-brand-bloomberg-politics/|title=Bloomberg Announces First New Digital-Led, Multi-Platform Brand: Bloomberg Politics|publisher=Bloomberg News|date=May 4, 2014|access-date=September 23, 2014|url-status=dead|archive-url=https://web.archive.org/web/20140506000905/http://www.bloomberg.com/now/press-releases/bloomberg-announces-first-new-digitally-led-multi-platform-brand-bloomberg-politics/|archive-date=May 6, 2014}}{{cite news|url=http://www.capitalnewyork.com/article/media/2014/08/8550157/mike-nizza-named-executive-editor-bloombergs-politics-site|title=Mike Nizza named executive editor of Bloomberg's politics site|publisher=Capital New York|date=August 4, 2014|author=Joe Pompeo|access-date=September 23, 2014|archive-url=https://web.archive.org/web/20140909102603/http://www.capitalnewyork.com/article/media/2014/08/8550157/mike-nizza-named-executive-editor-bloombergs-politics-site|archive-date=September 9, 2014|url-status=dead}} The multimedia venture, which debuted in October 2014, featured the daily television news program With All Due Respect, hosted by Bloomberg Politics Managing Editors Mark Halperin and John Heilemann.{{cite news|url=http://www.politico.com/blogs/media/2014/10/bloomberg-politics-kicks-off-196614.html|title=Bloomberg Politics kicks off|publisher=Politico|date=October 5, 2014|author=Hadas Gold|author-link=Hadas Gold|access-date=October 16, 2014|archive-date=October 22, 2014|archive-url=https://web.archive.org/web/20141022220406/http://www.politico.com/blogs/media/2014/10/bloomberg-politics-kicks-off-196614.html|url-status=live}} The program came to an end on December 2, 2016.{{cite news|url=https://www.politico.com/blogs/on-media/2016/11/bloomberg-to-end-with-all-due-respect-as-company-reorganizes-bloomberg-politics-231563|title=Bloomberg to end 'With All Due Respect' as company reorganizes Bloomberg Politics|publisher=Politico|author1=Kelsey Sutton|author2=Hadas Gold|author3=Joe Pompeo|access-date=March 1, 2017|archive-date=June 23, 2019|archive-url=https://web.archive.org/web/20190623194207/https://www.politico.com/blogs/on-media/2016/11/bloomberg-to-end-with-all-due-respect-as-company-reorganizes-bloomberg-politics-231563|url-status=live}}{{cite news|url=https://www.nytimes.com/2016/11/18/business/media/bloomberg-to-end-its-daily-politics-show.html|title=Bloomberg to End Its Daily Politics Show|newspaper=The New York Times|date=November 17, 2016|author=Sydney Ember|issn=0362-4331|access-date=February 16, 2019|language=en-US|archive-date=December 17, 2016|archive-url=https://web.archive.org/web/20161217002716/http://www.nytimes.com/2016/11/18/business/media/bloomberg-to-end-its-daily-politics-show.html|url-status=live}}
In 2016, Bloomberg Politics produced a documentary on the 2016 US presidential election called The Circus: Inside the Greatest Political Show on Earth.{{cite web|url=https://money.cnn.com/2015/12/15/media/showtime-campaign-documentary-the-circus/|title=Showtime creating weekly documentary series about 2016 election 'circus'|website=CNN Money|date=December 15, 2015|author=Brian Stelter|access-date=January 26, 2018|archive-date=June 23, 2019|archive-url=https://web.archive.org/web/20190623194211/https://money.cnn.com/2015/12/15/media/showtime-campaign-documentary-the-circus/|url-status=live}}
As of 2024, Bloomberg Politics covers political events in the Americas, United Kingdom, Americas, Europe, Asia, and the Middle East.{{Cite web |title=Bloomberg Politics |url=https://www.bloomberg.com/politics |access-date=2024-06-07 |website=www.bloomberg.com}} Bloomberg's section on U.S. politics primarily covers national news and American foreign policy.{{Cite web |title=Bloomberg |url=https://www.bloomberg.com/us-politics |access-date=2024-06-07 |website=www.bloomberg.com}}
See also
- {{Portal-inline|Journalism}}
- {{Portal-inline|United States}}
References
{{Reflist|30em}}
External links
- [https://www.bloomberg.com/news/ Bloomberg News] – official website (Subscription needed to read articles)
- [https://www.bloomberg.com/ Bloomberg.com] – official Bloomberg L.P. website
- [https://www.bloomberg.com/politics Bloomberg Politics] – official politics website (Subscription needed to read articles)
- [https://www.hoovers.com/company-information/cs/company-profile.bloomberg_lp.cac75f34add153fa.html Hoover's Bloomberg L.P. Company profile]
{{Bloomberg}}
{{News agencies}}
{{White House James S. Brady Press Briefing Room Seating Chart}}
{{DEFAULTSORT:Bloomberg News}}