Tag Archives: Bloomberg

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Bloomberg seeks reporter in London

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Bloomberg News is seeking a reporter for its London office.

This person will be responsible for generating story ideas and in-depth reporting on a variety of topics, such as legal, health, energy and commodities, etc. Expertise in this wide range of topics, as well as strong writing skills and a proven ability to get to the core of a story is needed. Ideal candidates will have previous experience in business journalism within a real-time news service and will be able to produce clear, concise and accurate copy under deadline pressure.

In this role you will be expected to work closely with editors to ensure writing is within Bloomberg guidelines and collaborate with other reporters to get the best story.

Qualifications:

- Bachelor’s degree or equivalent experience
- Business/financial journalism experience essential
- Experience in a similar role reporting and writing about a wide range of industries

Additional Skills & Qualifications:

- Ability to deliver information accurately in a fast-paced environment
- Ability to think quickly to provide insights and perspective into industry reports
- Demonstrable attention to detail and organizational skills
- An entrepreneurial and energetic approach to the job
- A good communicator, collaborator and team player

To apply, go here.

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Tyrangiel thinks Bloomberg TV is crap

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Alex Weprin of Capital New York writes that Bloomberg Businessweek editor Josh Tyrangiel, who in the past month has been assessing Bloomberg Television, is not impressed with its quality.

Weprin writes, “What does he think of the current programming of the network? It’s ‘shit,’ two people familiar with comments Tyrangiel has made tell Capital he has said.

“Bluntness aside, the reaction isn’t much of a surprise. Bloomberg TV was the second financial news channel to be born into cable, in 1994, after CNBC. It was conceived as an accessory to Bloomberg’s lucrative terminals, which transmit content built for its utility to a small but high-paying enterprise consumer base.

“Businessweek was a reliable if workaday weekly which Bloomberg bought and then hired Tyrangiel to turn into a stylish totem to be carried around by the broader global business elite and help burnish the Bloomberg brand.

“So when Tyrangiel was moved, albeit temporarily, from his post atop the magazine to recommend a new programming approach to the TV channel last month, it was only to be expected he’d want to tear it up.

“There are many reasons to. Bloomberg TV has remained, over nearly 20 years, unrated by Nielsen, a small player in the game.”

Read more here.

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Ratings sag for TV business news

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Keach Hagey and William Launder of The Wall Street Journal examine the declining ratings at business news networks CNBC, Fox Business Network and Bloomberg Television.

Hagey and Launder write, “Since 2008, average total daytime viewership has fallen more than 50%—to 169,000 from 348,000 —at CNBC, which commands three-quarters of the audience among business-news networks, according to Nielsen.

“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, according to people familiar with the matter. Nielsen doesn’t release Bloomberg TV’s ratings.

“Most traditional TV networks have struggled to hold on to their audiences in recent years as competition intensifies, including online. But 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, market experts say.”

Read more here.

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Chinese government conducts inspections of Bloomberg bureaus

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Chinese authorities conducted unannounced “inspections” at Bloomberg News bureaus in Beijing and Shanghai in the final days of November, report Peter Elkind and Scott Cendrowski of Fortune.

Elking and Cendrowski write, “Details of the inspections, conducted on the same day at the news bureaus in Beijing and Shanghai, are sketchy. It’s unclear how many officials were present or what government agency they represented. Different sources say, variously, that the visits were characterized as ‘security inspections’ or ‘safety inspections.’ But journalists inside Bloomberg view the appearance by civil government officials (they weren’t police) as an act of intimidation — precisely the reaction Bloomberg was eager to avoid.

“Winkler referred questions to a company spokesman, who declined to comment.

“Last year, the Chinese government reacted strongly to an award-winning Bloomberg investigative series on the private wealth accumulated by the families of top public officials. China has refused to grant journalist visas to Bloomberg and, according to the New York Times, has ordered some companies not to lease Bloomberg terminals.”

Read more here.

Mike Tackett

Bloomberg losing DC ME Tackett to New York Times

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Bloomberg News Washington managing editor and former bureau chief  Mike Tackett is leaving to join the New York Times as an editor in its Washington bureau, multiple sources within Bloomberg confirmed Monday.

Before Bloomberg, Tackett worked for 28 years at the Chicago Tribune where he worked as a metro reporter and editor for six years before joining the national staff. He was the Tribune’s Washington bureau chief when he joined Bloomberg. He also worked as national editor at US News and World Report.

He was brought in to Bloomberg by Al Hunt from the Tribune as an heir apparent. Both he and Hunt were then eclipsed by Susan Goldberg, who was also recently eclipsed when Laurie Hays put in charge of DC as part of her recent appointment as senior executive editor.

Tackett joined Bloomberg in 2008. In 2011, he moved over to manage all of its political coverage as managing editor for government.

 

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Bloomberg reporter barred from Chinese press conference

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British authorities have protested to Chinese authorities about a “completely inappropriate” decision to bar a Bloomberg journalist from a press conference in Beijing with David Cameron and his Chinese counterpart, Li Keqiang, reports Nicholas Watt of The Guardian.

Watt writes, “No 10 raised ‘deep concerns’ on two occasions with Chinese officials after the foreign ministry excluded Robert Hutton, a political journalist with the US wire service Bloomberg, from the event at the Great Hall of the People on Monday.

“British officials in Beijing informed Hutton, a member of the British parliamentary lobby who is accompanying the prime minister to China, that he would not be admitted to the press conference.

“Hutton was informed of the decision by an official on a bus ride from Beijing airport after the prime minister’s overnight flight from London. The official said: ‘We have been told by the Chinese authorities that it would not be appropriate for you to attend.’

“The Bloomberg website is blocked in China after it ran stories about the wealth of families of senior leaders, including relatives of the president, Xi Jinping. Bloomberg last month denied killing a similar sensitive story after a New York Times report that said editors had been concerned its ability to report from China would be compromised if it ran the piece. Bloomberg said the article was still in preparation.”

Read more here.

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China code has detractors at Bloomberg

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A code used by Bloomberg News editors to keep sensitive stories away from the eyes of China’s powerful and elite has detractors within the organization, writes, Edward Wong of the New York Times.

Wong writes, “Within Bloomberg, the code has its critics. ‘I think of this as self-censorship,’ said one journalist, who added that editors choose to apply the code to any article that might offend senior Chinese officials. The code’s defenders, though, explained to their colleagues in internal conversations that Bloomberg must abide by the definition of its State Council license — or at least by the narrowest definition put forward by Chinese officials. Two Bloomberg spokespeople have declined to comment on the code.”

Wong later writes, “One Bloomberg employee said the existence of Code 204 can result in writers internalizing self-censorship. The code then becomes unnecessary because the writer has already decided to withhold information in order to ensure that terminal users in China can read the story, he said.

“‘If you wanted your story not to go by that code, then you don’t make sensitive references,’ he said. ‘This where the self-censorship gets self-reinforcing.’”

Read more here.

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Journalists chortle as Bloomberg CEO preaches press freedom

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Andrew Kirell of Mediaite writes that many journalists in attendance made snide remarks Tuesday night when Bloomberg CEO Daniel Doctoroff chaired the Committee to Protect Journalists’ (CPJ) annual International Press Freedom Awards dinner.

Kirell writes, “The irony was not lost on the journalists in the room, many of whom laughed and pointed out the bizarre situation.

“Bloomberg News has come under fire recently for suspending its Hong Kong-based reporter Michael Forsythe several weeks ago. According to The New York Times, employees claim that Bloomberg EIC Matthew Winkler refused to publish Forsythe’s long-form investigations into collusion between the Chinese government and powerful businessmen there.

“The same sources characterized the move as ‘self-censorship’ to protect the news organization from angering Chinese leaders and losing access. ‘If we run the story, we’ll be kicked out of China,’ Winkler allegedly told other staffers.

“Bloomberg’s top execs, including outgoing NYC Mayor Michael Bloomberg, denied such accusations.

“And yet, throughout Doctoroff’s speech, tables full of journalists were noticeably making comments and laughing at the irony of the situation. According to several attendees, there was an almost collective grumbling while Doctoroff spoke at length about the importance of press freedom during an event advocating for greater protections for international journalists.”

Read more here.

Dan Doctoroff

Media figures support Bloomberg regarding China

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Leading figures at old and new American news outlets defended Bloomberg LP CEO Dan Doctoroff’s role at a celebration of press freedom on a day when Bloomberg faced intense criticism over reports that it bowed to the Chinese government.

Rosie Gray and Ben Smith of BuzzFeed write, “Doctoroff chaired the annual Press Freedom Awards dinner of the Committee to Protect Journalists at Manhattan’s Waldorf Astoria hotel, where host Scott Pelley denounced ‘those who censor, those who harm, and those who silence journalists’ before introducing Doctoroff, who called on the press to ‘stand together.’

“Bloomberg is ‘innocent until proven guilty in my book,’ said CNBC host Jim Cramer. ‘Dan Doctoroff is a great guy.’

“‘I absolutely think it’s appropriate for Bloomberg to chair this event,’ said the writer Kati Marton, a member of the group’s board of directors and the widow of the diplomat Richard Holbrooke, who said of the reports Bloomberg had killed a story about a top Chinese figure: ‘I wouldn’t call it a scandal.’

“A founder of Vice, Suroosh Alvi, also defended Bloomberg. ‘I don’t have a problem with it,’ he said.”

Read more here.

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China journalist calls for Bloomberg CEO to resign from CPJ freedom award

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A prominent Hong Kong-based journalist has called on Daniel Doctoroff, chief executive officer of Bloomberg L.P., to step down from his role as chairman of the Committee to Protect Journalists’ annual International Press Freedom Awards dinner on Tuesday.

Emily Brill of ChinaFile.com writes, “Ying Chan, who was an honoree at the same dinner fifteen years ago, called on Doctoroff to relinquish CPJ’s podium in the wake of the suspension of Hong Kong-based Bloomberg reporter Michael Forsythe on November 13. Forsythe was a leading member of the company’s respected China news team. Bloomberg employees told The New York Times that Bloomberg’s Editor-in-Chief Matthew Winkler said the company would not publish the China team’s latest long-term investigations on the financial ties of China’s top leaders to powerful buinsess interests. The employees characterized Winkler’s moves as self-censorship to protect the company’s interests in China, the world’s second-largest economy, which lacks a free press.

“Winkler and Michael Bloomberg, the outgoing New York City Mayor who owns the company, have aggressively denied the self-censorship allegations, saying instead that the contested stories are not ready for publication.

“‘As a former recipient of the [CPJ’s] Press Freedom Award, I think Doctoroff should withdraw from the dinner or he should be disinvited,’ Chan, now a Professor of Journalism at Hong Kong University and the founder of its Journalism and Media Studies Center, said in an email.

“The CPJ Awards dinner on Tuesday is set to honor four journalists from Ecuador, Egypt, Turkey, and Vietnam who, the New York-based organization’s website says, ‘face imprisonment or other persecution for exposing realities.’ The CPJ 2013 International Press Freedom Awards, is, the site says, ‘an annual recognition of the courageous reporting that defines free media.’”

Read more here.