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Posts Tagged ‘Bloomberg LP’

Michael Bloomberg is the Best and You Know It

Since his days as our Mayor, Michael Bloomberg has been doing his best to stay busy. Earlier this year he reinserted himself at Bloomberg LP, he funded an African media initiative, and now he’s taking on the NRA. This is a man who doesn’t enjoy idle hands.

According to the New York Times, Bloomberg is dedicating $50 million to motivate gun control advocates to not only vote, but to punish those who don’t support their cause, much like the NRA does. It’s a valiant plan, and Bloomberg knows it. In fact, while we love the idea, it’s Bloomberg’s self-love that is endearing and hilarious at the same time.

When the Times asked Bloomberg if his image as a rich, former Mayor of New York who banned such American staples as too much salt and gigantic soft drinks, he was nonplussed.

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Morning Media Newsfeed: CNN Lays Off 40 | Yglesias Departs Slate | Businessweek Cuts Back?

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CNN Lays Off More Than 40 Journalists (The Financial Times)
CNN has laid off more than 40 senior journalists in its newsgathering operation — including a pregnant producer who was two weeks away from giving birth to twins — as part of a reorganization of the business under Jeff Zucker. The lay-offs at CNN and HLN, its sister network, were concentrated in Washington, Atlanta and Los Angeles at the end of 2013. Poynter / MediaWire The cuts “coincide with changes to the network’s programming,” Matthew Garrahan reports in the Financial Times. Zucker “has hired new presenters and diversified CNN’s output, adding documentary and reality series to its traditional live news coverage.” TVNewser At the time of the layoffs — which number in the dozens — a source told TVNewser there would be no reduction in headcount in the cities most affected. Our source says changes in Los Angeles are related to a planned expansion of the entertainment unit. In recent weeks CNN has churned out entertainment-focused specials, including an hour on Amy Poehler and Tina Fey, and has increased awards season red carpet specials. The Guardian / Greenslade Blog CNN recently hit a 20-year low in prime time ratings in the U.S., attracting an average of just 78,000 viewers across the whole day and 98,000 in prime time. Politico / Dylan Byers on Media Zucker recently announced plans to dedicate more of CNN’s air time to documentaries and unscripted reality series like Anthony Bourdain’s Parts Unknown.

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5 Things Bloomberg LP Staffers Shouldn’t Say to Michael Bloomberg

Michael Bloomberg is back to his regular, boring old job at Bloomberg LP. The rumor is that he’ll be focusing his efforts on making Bloomberg View more popular. A memo obtained by Capital New York gives that some credence: Bloomberg will be setting up shop on the fifth floor, the same one that houses Bloomberg View, Bloomberg TV and Bloomberg Radio.

Bloomberg staffers are surely freaking out at the prospect of running into Bloomberg in the elevator or at the water cooler. However, little do they know that FishbowlNY is here to save the day. As always.

Below are five conversation starters that Bloomberg staffers should 100 percent avoid. If you happen to know a Bloomberg employee, please feel free to share the list.

What Bloomberg Staffers Shouldn’t Say to Bloomberg:

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Morning Media Newsfeed: Alec Baldwin Suspended | Jay Rosen Joins NewCo | Doris Lessing Dead at 94

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MSNBC Suspends Alec Baldwin’s Up Late for Two Weeks (TVNewser)
MSNBC has suspended Alec Baldwin after he called a photographer a “c**ksucking f*g.” His outburst has been criticized as homophobic and anti-gay. In a statement posted on MSNBC.com, Baldwin apologized for his remarks. NYT He wrote: “I did not intend to hurt or offend anyone with my choice of words, but clearly I have — and for that I am deeply sorry. Words are important. I understand that, and will choose mine with great care going forward. What I said and did this week, as I was trying to protect my family, was offensive and unacceptable. Behavior like this undermines hard-fought rights that I vigorously support.” Capital New York Up Late has only been on the channel for a month, so a two-week hiatus is significant. The former 30 Rock actor has a history of public outbursts, but said before his MSNBC program began that the channel knew what it was getting into when it hired him. HuffPost Baldwin: “Whether the show comes back at all is at issue right now. My producers and I had a very enlightening and well-researched program prepared to air on Nov. 22 itself, dealing with John Kennedy’s assassination. That show is off the air now. I am deeply apologetic to Ron Fried, who worked extremely hard with me on that show.” TheWrap Baldwin came under fire from CNN newsman Anderson Cooper, who accused Baldwin of making “ridiculous” excuses. “Wow, Alec Baldwin shows his true colors yet again,” Cooper wrote Friday. “How is he going to lie and excuse his anti-gay slurs this time?” TVSpy Robert Moses, reporter for New York Fox-owned station WNYW was confronted and threatened by Baldwin Friday morning. TVSpy Hours after confronting Moses, Baldwin continued his terrible, horrible, no good, very bad day, this time accusing WNYW reporter Linda Schmidt of hitting his wife in the face with a mic.

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Norman Pearlstine Returning to Time Inc.

Time__Inc_-logo-2ED06AA15C-seeklogo.com_Fortune senior editor Dan Primack has posted some major parent company news. Norman Pearlstine is leaving his post as chief content officer at Bloomberg LP to assume a “similar position” with Time Inc.

From Primack’s report:

The move comes as Time Inc. is preparing to spin out from corporate parent Time Warner (TWX), which is expected to occur early next year.

This is a homecoming of sorts for Pearlstine, who served as editor-in-chief of Time Inc. from 1995 through 2005 (after more than two decades with The Wall Street Journal, and a short stint running Forbes).

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Should Bloomberg Vet Have Been Fired for Headline Flub?

The editor-in-chief of USA TODAY has tweeted words of support this morning for John Pickering, a Bloomberg News editor fired last week for inputting and tweeting out an incorrect breaking-news headline.

The Thursday mistake, which misreported a trial verdict pertaining to former Goldman Sachs vice-president Fabrice Tourre, was noted by The Huffington Post. On Friday, Keith Kelly of the New York Post followed with the news that Pickering, the editor responsible for the upside-down headline, had been fired.

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Justin Smith Named Bloomberg Media CEO

Justin Smith, often credited with saving The Atlantic, is departing the company to become the new CEO of Bloomberg Media Group. Smith had been with Atlantic Media since 2007; serving as president since 2010.

In a lengthy “Letter of Appreciation,” sent to staffers, David Bradley, chairman of Atlantic Media, heaped praise upon Smith:

In my frame, Atlantic Media was earning its doctoral degree in modern media from one of modern media’s master practitioners. What Justin believed, he taught, and, as with Michael again, Justin’s beliefs were fierce: That the revolution underway in media is more radical than we—the industry—appreciate. That the contest between legacy and insurgent players is mortal, with advantage to the insurgents. That surviving legacy properties will have had to learn the disciplines of the insurgents—and that they can. That velocity is first among the virtues. That the speed of change is unprecedented. That ideas have their season but not more. From search to social media to native advertising to the next advantage. And, that Atlantic Media could and would and has leapt to the frontier.

At Bloomberg, Smith will be succeeding Andrew Lack, who had served as Bloomberg Media’s CEO since 2008. Lack will become chairman of Bloomberg Media Group.

Below is Bradley’s full note.

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Josh Rucci Joins Bloomberg LP

Josh Rucci, a former Getty Images executive, has joined Bloomberg LP as global head of content sales, a new role at the company. Rucci had been with Getty Images for the past five years, most recently serving as senior director of media and broadcast for the company’s London office.

“We are pleased to welcome Josh at this important time for Bloomberg, as we continue to sign important new deals with publishers and clients,” said Susan Vobejda, general manager of Bloomberg Media Licensing and Distribution, in a statement. “Josh’s expertise and strong history in content sales make him an ideal fit as we expand our media licensing and distribution deals globally.”

At Bloomberg, Rucci will continue to be based in London and report to Vobejda.

Rough Times at Bloomberg LP

Sales of Bloomberg LP’s terminals have hit a slump. According to The New York Post, the company has only sold 1,000 of them so far this year. A big chunk of Bloomberg employee bonuses depends on how well the company does overall, so the news that things have been slightly slow lately is bound to upset some staffers.

Bloomberg CEO and president Dan Doctoroff told the Post that the “Cert” — the portion of bonuses derived from company performance — would only “pay out at 20 percent of target this year.” And while yes, that’s sad news, that’s the point of the Cert. “We also do believe very strongly that we benefit when we beat expectations, and we all take something of a hit when we don’t,” explained Doctoroff.

Bloomberg is still raking in a lot of cash — revenue is expected to be around the $7 billion range — so things could be a lot worse.

Most Popular FishbowlNY Stories for the Week

Here’s a look at what FishbowlNY stories made the most buzz this week.

  1. Bloomberg LP Getting Earful of Worker Complaints, August 3
  2. Lolo Jones: Media ‘Ripped Me to Shreds’, August 8
  3. Mayor Bloomberg Gets Confrontational with WPIX Reporter Mary Murphy, August 7
  4. New York Native, Composing Great Marvin Hamlisch Succumbs to Short Illness, August 7
  5. Magazines Suffer a Brutal First Half, August 7
  6. Cover Battle: New York Times Magazine or The Economist, August 2

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