Bloomberg

First on TVNewser: Bloomberg TV has hired CNN producer Mark White to be its executive producer, focusing on morning production.

White is currently a senior producer on American Morning. He's been with the network for 10 years.

He begins at Bloomberg on May 26.

White was hired by David Rhodes, now head of U.S. TV for Bloomberg, who left Fox News late last year.

As first reported by two U.K. newspapers, TVNewser confirms Bloomberg is cutting 100 jobs in the radio and television groups. Forty-five from the New York newsroom.

"We have eliminated around 100 positions in the U.S. and are considering some additional redundancies in Europe, UK and Japan, specifically in radio and television," Bloomberg's head of PR, Judith Czelusniak, tells TVNewser. "We're reorganizing the radio and TV operation into an English-language global 24/7 business network."

Despite the cuts in TV/Radio, Bloomberg is "hiring around 1,000 employees this year in print news, product development, sales and customer service."

The major shake-up comes less than four months after Bloomberg's new CEO, Andy Lack, took over the network. "The business television viewer needs a universal perspective that is not now available on any financial network — and only Bloomberg has all the pieces," says Czelusniak. "Andy is here to put those pieces together into a global network."

Yesterday TVNewser reported Mike Schneider had been let go from the network and his 10pmET show "Night Talk" canceled. That followed the departure of Bloomberg TV (U.S.) managing editor John Meehan last month.

Breaking: TVNewser confirms Bloomberg TV anchor Mike Schneider has been let go from the network, and his 10pmET program, Night Talk, has been canceled. The news was first reported by TheMediaIsDying on Twitter.

We hear the slot will be occupied tonight by global reporting on the opening of the Asia and European markets.

A TV insider notes this is the second time Schneider has been let go from an Andy Lack operation. Lack, who joined Bloomberg as CEO in October, was Schneider's boss at NBC News in the mid 1990's.

Schneider has reported and anchored for ABC, NBC and Fox News before joining Bloomberg in 2003.

As TVNewser first reported last week, David Rhodes has left Fox News Channel for Bloomberg TV. In making the announcement today, Andy Lack, CEO of Multimedia at Bloomberg said Rhodes, "is one of the most dynamic young minds in television news today. David's news judgment, his strength as a creator and organizer, and his ability to energize a television news operation will be strong assets to Bloomberg Television."

Rhodes will be head of U.S. TV for the financial services and media giant. The press release (after the jump) points to the appointment of Rhodes as capping "a reorganization designed by Andy Lack to maximize the strengths of the global 24/7 Bloomberg TV network."

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Former president and COO of NBC, and NBC News president, Andy Lack has been named CEO of Bloomberg's multimedia group, which focuses on expanding television, interactive and radio operations for the Company.

Lack most recently was Chairman of Sony BMG Music Entertainment, and before that was CEO of the company.

From the release: "The multimedia group Lack will head was created in July following a major reorganization of Bloomberg L.P., known internally as 'PLAN B.'"

(image from NBC's 2000 management meeting)

Click continued to see Bloomberg's release...

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Bloomberg is a big name on Wall Street, and on days like today when the market is the story of the day, it enters the spotlight even more.

"This is an issue that is going to affect everyone going forward," Bloomberg TV (U.S.) managing editor John Meehan tells TVNewser. "We have the opportunity to really expand the audience and invite other viewers who wouldn't typically see us."

One of the ways Bloomberg aims to accomplish that is its strong global presence. "Bloomberg news has more than 2000 reporters," says Meehan. "We have a small army covering this particular issue from every angle you can imagine."

Bloomberg, which was live, and is live, every Sunday night with feeds from other countries, spent even more time this weekend with the Lehman story breaking. Dispatching a team to the Fed for coverage all weekend, Bloomberg was feeling ready this morning. "We had people in place to follow what was a very fluid situation," said Meehan.

Tonight, Bloomberg airs a special, "Reshaping Wall Street," at 6pmET, anchored by Betty Liu. "Money and Politics" at 9pmET will cover the opening of the Asian markets and the latest Wall Street news. At 10pmET, Tom Keene anchors "Night Talk" and interviews John Ryding, chief economist at RDQ Economics.

Meehan says Bloomberg TV's goal is to help those watching. "Viewers want to know when this is going to be over," he said.