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Bloomberg TV’s Stephanie Ruhle Responds to On-Air Sexist Comment

stephanie ruhle cliff asnessStephanie Ruhle is speaking out about a sexist comment made by a guest on her Bloomberg TV show yesterday. AQR Capital founder Cliff Asness, who was guest co-hosting Ruhle’s show, said to her, “You’re giving me the look that I get when I talk to women about quant stuff.”

Ruhle immediately stopped the conversation and said good-naturedly, “Are you hitting me with a sexist line right there? Let me have a time out. I’m like ringing a foul ball bell here.” The comment came two minutes into the two-hour show that Asness was guest-hosting with Ruhle.

In a post on The Daily Beast today, Ruhle explains why she chose to defuse the moment with humor:

I happen to know Cliff, and the truth is he just made a dumb joke at a moment when his mouth and brain weren’t connecting. Which means the relevant issue isn’t the damage done, but the proper response. For me, in the moment, it was to stop the interview and call him out, with as much humor as possible, for a comment even the most ancient chauvinist knows is out of date. And to his credit, Cliff apologized and blushed and made all the proper gestures and noises a moral person should make when they’ve done something stupid. In the end, we both laughed.

I’m quite sure Cliff wasn’t trying to insult me specifically, or women in general. But it’s on everyone—men and women—to knock down stereotypes and outdated assumptions, even when they’re just proffered to fill a little air-time. We don’t need to respond with rage. But we still haven’t come far enough to let such things go unacknowledged.

Video is after the jump. Read more

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Bloomberg Media Completes 100-Day Review

justin smith bloombergBloomberg Media Group CEO Justin Smith has completed his 100-day review of the company. He talks to Digiday about his plan to build a “leading digitally-led, multi-platform media company for global business,” a project he says will require “re-imagination and re-invention” across all Bloomberg’s platforms, including TV:

You identify digital video as a large opportunity. Why? 
The main advantage is we are in the video business 24/7 around the world. We have large live television and digital video operations in New York, Hong Kong and London. We have the ability to produce a quality standard that’s different than what you’re seeing from a lot of the other entrants who come from other platforms outside TV.

In a Medium post, Smith expands on his television strategy: Read more

TV News Bookers Love Senator John McCain

McCainA former presidential candidate and senior U.S. Senator is often desired as a guest across TV news, but the news networks have taken an extra liking to Arizona Senator John McCain over the last week.

Since last Tuesday, February 25, the senator has appeared 11 times across Fox News, Fox Business, CNN, and Bloomberg. The news cycle certainly merits TV news Bookers seeking out the former Republican nominee for president.

First, there was news of Defense Department cuts last Monday, which McCain is known for being against. The next day, Arizona Governor Jan Brewer vetoed a controversial bill that potentially discriminated against LGBT people, which McCain had urged her to do.

And in the last few days, McCain has been a prime target for TV news networks covering the tumultuous situation happening between Russia and the Ukraine. McCain visited anti-government protesters in Kiev back in December. Unsurprisingly, the 2008 presidential opponent of Barack Obama has voiced his displeasure with now-President Obama’s strategy and comments about the conflict.

McCain’s week-long TV news blitz only adds to his reputation as a Booker’s best friend: he ranked number one on 2013 New York Times assessment of perrenial Sunday show guests.

Bloomberg, El Financiero Launch Business Channel in Mexico, Central America

el financiero bloombergBloomberg and Mexican newspaper El Financiero are teaming up to launch a multiplatform Spanish-language business news service, including a television network that will serve as Mexico and Central America’s only Spanish-language business news channel.

The channel, which launched today, has four hours of original programming in Spanish, featuring journalists in Mexico including Enrique Quintana, Carlos Mota, Alejandro Cacho and Leonardo Kourchenko. It also offers Bloomberg TV content in English.

“Mexico and Central America are important territories, and this partnership will help Mexican companies further connect with the global market,” Bloomberg Media Group chairman Andrew Lack said in a statement. “Together, we will offer business and financial professionals market-moving insights on global and regional developments and stories that really matter.”

Justin Smith on Bloomberg TV: ‘We’re Sort of in the Top of the First Inning Here’

justin smith bloombergAs he prepares to wrap up an 100-day review of the company, Bloomberg Media Group CEO Justin Smith talks to AdAge about first months at his new job. He also talks about Bloomberg’s digital video production, which ended 2013 as the top site for global business video, and hints at possible changes to Bloomberg TV under Josh Tyrangiel‘s leadership:

Ad Age: Does Bloomberg TV need to be more broadly accessible? Would we ever see it as more of a CNBC – or even a CNN — that reaches beyond business media?

Mr. Smith: The vast majority of the content we produce is for the global business community — their business interests, their financial interests, their work-related or professional-related interests. However, we are increasingly growing our media businesses and media platforms around the lifestyle side of this global business audience.

Ad Age: Are we going to see the kind of splashy packaging Josh Tyrangiel brought to Businessweek reflected on Bloomberg TV? Read more

Business Networks Live From Davos

business networks davos

The World Economic Forum annual meeting is underway in Switzerland, and all three business networks have correspondents in Davos for the week.

Liz Claman is in Davos for FBN. Claman will interview several executives, including the CEOs of Aetna, NASDAQ, Citigroup and Coca-Cola. Also in Davos this week: Maria Bartiromo, who is expected to join FBN next month. Bartiromo will moderate a panel discussion Thursday.

Bloomberg TV has several correspondents at the forum: Francine Lacqua, Tom Keene, Erik Schatzker, Stephanie Ruhle and Hans Nichols.

Andrew Ross Sorkin is in Davos for CNBC. Becky Quick and Joe Kernen will join him tomorrow and the three will host “Squawk Box” live from Switzerland this week.

Bloomberg’s Betty Liu Celebrates ‘Work Smarts’

Betty Liu with Work SmartsBloomberg TV anchor Betty Liu was feted for her new book, “Work Smarts: What CEOs Say You Need to Get Ahead,” this week at a party hosted by Chris Burch, the founder and CEO of Burch Creative Capital.

In his toast, Burch, who is featured in the book, praised Liu’s interviewing abilities, saying she asks “ingenious and beautiful questions” and is an “amazing woman, true to the heart.” The book also includes interviews with Warren Buffett, Jamie Dimon and Sam Zell, among many others.

In a speech, Liu thanked her Bloomberg colleagues, who she said “really held my hand” through the writing process.

“‘Work Smarts’ was a labor of love, but it was probably more like labor. I’ve written a book before, but this time it was with twin boys and also waking up at 3:45 in the morning everyday,” Liu said. “So I tried not to take myself too seriously when writing this book.”

Bloomberg TV Expands to Malaysia

bloomberg tv logo_304x200As the domestic arm of Bloomberg Television undergoes a realignment of sorts, there is international expansion for the network on the horizon: Bloomberg TV will partner with Encorp Group to launch the first business news channel in Malaysia next year.

The channel will have state-of-the-art studios in Encorp Strand Mall and seek to “fill a gap in the marketplace for high-quality, market-moving business news, where updates on the country’s economic and business performance will be potentially seen by 340 million homes worldwide,” Bloomberg TV Malaysia CEO Michael Chan said in a statement.

The expansion to Malaysia follows the launch of Bloomberg TV Indonesia and Mongolia in the past year. More details in the press release after the jump. Read more

Why Biz Network Ratings Continue to Slide

BixNetworksLogos

The Wall Street Journal takes stock of the three TV business networks and sees that their fortunes are sagging.

In the third quarter, CNBC, the dominant business-news channel, hit a 20-year low in its target demographic of adults 25 to 54 years old. (CNBC’s gross advertising revenue is down 4% to $251.6 million since last year, according to SNL Kagan.) Six-year-old Fox Business Network remains on a long-term growth trajectory, but its average total daytime audience has declined from last year — to 58,000 from 71,000 — and has fallen short of some media buyers’ expectations. Bloomberg LP, meanwhile, is rethinking the business model of its TV channel, having failed to turn a profit or draw more than 10% of the audience for TV business news despite being on the air for nearly two decades.

Why is this happening? Reporters Keach Hagey and William Launder write that, beyond online and streaming competition, “business television has faced the added challenge that individual investors are fleeing the stock market as an increasing amount of trading is done by institutional investors and algorithms.”

“I think there are all sorts of places you can get stock prices,” said Kevin Magee, the executive vice president of Fox Business Network. “Aside from that, there is general unhappiness with the economy these days, and it isn’t always fun to watch news that’s bad.”

Other highlights from the article…

Read more

The Biz Ticker: Brennan, Survey Says, Bloomberg

  • Morgan Brennan joins CNBC as a general assignment reporter. Brennan comes from Forbes Media where she was a staff writer and reporter Forbes Magazine, ForbesLife and Forbes.com. She also worked as an anchor/reporter/producer for the Forbes Video Network.

  • In a Business Insider survey about financial news, Bloomberg TV beat out CNBC and Fox Business as the preferred channel among those polled. Bloomberg TV also has the preferred morning show, preferred closing bell show and best anchors.

  • The New York Times has a meaty A1 story all about Bloomberg News amid staffing cuts, new news initiatives and its place in the Bloomberg business empire.

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