Sunday, November 15, 2009

NYT takeout on the ambitions of Bloomberg news

"Bloomberg has used the cash spraying from its terminal business to hire an astounding number of journalists in recent years, becoming something of a haven in a downsizing industry. Top writers or editors from Fortune, Forbes and The Wall Street Journal land there seemingly weekly. (Six of the company’s 11 executive editors have worked at The Journal.) Bloomberg now has 142 journalists in Washington, 196 in Tokyo and 30 in Paris. It recently opened bureaus in Nigeria, Ghana and Cyprus. It has won numerous journalism awards and, to cite just one example, has offered some of the shrewdest coverage of the financial crisis over the last couple of years," the Times writes.

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