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10/5/15

Michael Bloomberg denies that he’s unhappy with Bloomberg Politics, saying it’s an important part of Bloomberg’s strategy

You might have heard: Layoffs at Bloomberg this summer led some to speculate that Bloomberg was pulling back on its politics coverage

But did you know: Bloomberg Politics is critical to the Bloomberg Media brand, Michael Bloomberg says. Bloomberg denies that he’s unhappy with Bloomberg Politics and voiced his support for the politics coverage after editor Josh Tyrangiel resigned from the company on Thursday. Bloomberg says: “I’ve become a devotee of Bloomberg Politics. It’s an important part of our TV line-up and our strategy, giving our customers the news and people they need going into election season. I fully support it.”

+ After several high-level departures, Mathew Ingram writes that Bloomberg Media’s future is looking increasingly unclear: “If your main business consists of selling valuable financial information to paying users of your service or terminal, then what is the purpose of having a public website or a free magazine, or TV shows?” (Fortune) and after leaving Bloomberg Businessweek, former editor Josh Tyrangiel may join Vice (New York Times)

The post Michael Bloomberg denies that he’s unhappy with Bloomberg Politics, saying it’s an important part of Bloomberg’s strategy appeared first on American Press Institute.



from American Press Institute http://ift.tt/1FS33Ct

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