Tag Archives: Job changes
by Chris Roush
Here is the message that Bloomberg editor in chief Matthew Winkler sent to the staff on Monday about its layoffs:
When we announced the management reorganization a little more than a month ago, we said we wanted to be ideally positioned for growth, foster deeper collaboration, and develop our news products. Since then, we evaluated everything we’re doing to determine what’s working and what isn’t, with the single aim to ensure all we do has maximum impact. One lesson we learned was that we must have the courage to say no to certain areas of coverage in order to have enough firepower in areas we want to own.
It’s against this backdrop that we had to make some difficult decisions today. We were able to reassign a number of people to new positions, and we are grateful for the contributions of those who no longer can be part of our organization. We are convinced that the changes will help us take Bloomberg News to another level of influence.
We decided to scale back arts coverage and no longer use the Muse brand, and we’ll align our leisure reporting with Pursuits and the luxury channel on the Web. Executive Editor Manuela Hoelterhoff, who initiated luxury coverage at Bloomberg, will now oversee new book projects while continuing the cultural coverage for which she received a Pulitzer Prize and Guggenheim fellowship. We will create an editing hub for the Projects team in Washington and no longer have editors dispersed around the world, to further empower the writers; we decided to focus our AV team on LIVE , which terminal customers depend on, and stop the parallel editing of video that the multimedia team already does. We also decided to concentrate our sports coverage on the nexus with business and no longer do match reports. In beat reporting, we identified some savings thanks to closer collaboration among the newly united teams.
The changes today are a precursor for significant growth in 2014, especially in First Word and Emerging Markets. We also have high ambitions for beat and investigative reporting, and Bloomberg News will be bigger next year than it was at the end of October. Our commitment to the best journalism — both this-just-in and in-depth narratives — has never been greater.
by Liz Hester
CNBC’s “Money Honey” is moving to Fox Business Network after a 20-year career at the business channel. Bartiromo’s move was first reported by Drudge Report. The move brings Fox Business Network one of the industry’s most prominent faces. Bartiromo is expected to start on Monday, the New York Times said.
This is from the Times story. Read more here.
CNBC confirmed the news Monday, thanking Ms. Bartiromo for her 20-year career at CNBC.
The network issued a statement: “After 20 years of groundbreaking work at CNBC, Maria Bartiromo will be leaving the company as her contract expires on November 24th. Her contributions to CNBC are too numerous to list but we thank her for all of her hard work over the years and wish her the best.”
by Chris Roush
Here is a sampling of some of the journalists whose jobs ended at Bloomberg News on Monday:
Rich Jaroslovsky was a technology columnist and reviewer for Bloomberg News and Bloomberg Businessweek. He is a former executive editor at Bloomberg. Prior to joining Bloomberg, Jaroslovsky held a variety of positions at The Wall Street Journal and its parent, Dow Jones & Co. In early 1994, he was selected to help create and launch The Wall Street Journal Online (WSJ.com) and became its first managing editor, with responsibility for organizing and managing its news operation, a post he held until 2001. A graduate of Stanford, Jaroslovsky lives in San Francisco.
Elliot Blair Smith was an investigative and projects reporter for Bloomberg News in Washington, D.C. Assigned to the enterprise team, Smith’s work includes revealing how former President Bill Clinton combined charity, private business and political fund raising in global travels from Colombia to Kazakhstan; the hidden cause of a mine accident in Canada that tripled worldwide uranium prices; how a pro-nuclear trade group secretly persuaded federal regulators to ignore court precedent in shaping policy to thwart anti-nuclear activists; and the flawed financial models of Wall Street credit raters who risked century-old reputations for fleeting profits. Smith is a past winner of the Gerald Loeb Award and other prizes for investigative reporting. He joined Bloomberg in 2006. Before that, he spent nine years with USA Today.
Charles R. Babcock was an editor on the projects & investigations team at Bloomberg News. He came to Bloomberg in 2006, after 30 years at The Washington Post, where he worked as an investigative reporter and
editor. He was a Pulitzer Prize finalist in 1990 for stories about ethics abuses in Congress, and a longtime board member of the Reporters Committee for Freedom of the Press. The native of Louisville, Ky. has a B.A. degree from Ohio Wesleyan University and a master’s degree from the Fletcher School of Law and Diplomacy. He served as an Army lieutenant in Vietnam in 1969-70.
Chris Burritt worked for Bloomberg out of Greensboro, N.C., where he was a one-man bureau. He had been with Bloomberg for the past 12 years. Before that, Burritt had been a business reporter for the Atlanta Journal-Constitution, where he had covered Home Depot and had also covered the Carolinas. He is a UNC-Chapel Hill graduate. For Bloomberg, Burritt had been covering the tobacco companies and some retailers. He actually sent out some headlines on the Bloomberg terminal Monday morning before his work relationship with Bloomberg ended.
Laurie Muchnick was the book editor at Bloomberg News and president of the National Book Critics Circle. She tweeted, “Not sure how to put this so here goes: Bloomberg is cutting arts coverage, including books, so today was my last day there.” She’s also been the book editor of Newsday and an editor at the Village Voice Literary Supplement.
Tim Homan covered Congress for Bloomberg in Washington, D.C. He had worked for the company since May 2008, and before that spent almost a year at Congressional Quarterly, covering defense, foreign policy and intelligence. He is a graduate of the Medill School at Northwestern. His father is a former Washington Post reporter who covered John F. Kennedy’s funeral.
Bill Koenig was an editor in Bloomberg’s Detroit bureau, where he was the deputy U.S.autos team leader. He helped supervise Bloomberg’s coverage of the auto industry in the U.S. and formerly was the lead reporter covering Ford Motor Co. He joined Bloomberg in 2001 and has more than 30 years of experience as a journalist. He spent 17 years at the Indianapolis Star before joining Bloomberg, where he was also a speed desk editor for two years. Koenig is an Indiana graduate.
Gillian Wee was a senior writer at Bloomberg in New York, covering billionaires. She previously wrote for Bloomberg Markets magazine, covered endowments and investing and before that, the biggest media and industrial companies. Wee recently completed an MBA at Columbia and also has a master’s degree from the Columbia School of Journalism.
Robert Simison worked as an editor on Bloomber’s projects and investigations team. He previously was the editor in charge of Bloomberg’s U.S. health industry coverage and based in Washington, D.C. He joined Bloomberg after a 27-year career as reporter, editor and bureau chief for The Wall Street Journal with assignments in Dallas, Detroit and Brussels.
Phil Boroff had worked for Bloomberg since December 1996. Most recently, he had been writing for its arts and leisure section Muse.
Catherine Smith was another longtime employee, joining the company in November 1997. She wrote for the arts and leisure section as well.
by Chris Roush
Stuart Karle, Reuters chief operating officer, is leaving the company and his position will be eliminated, Reuters CEO Andrew Rashbass announced in a staff email this morning.
Kara Bloomgarden-Smoke of The New York Observer writes, “Mr. Karle, who was one of editor in chief Steven Adler’s key hires, came to Reuters from the Journal in 2011.
“‘Stuart Karle has played an important role in creating the organisation we are today,’ Mr. Rashbass wrote. ‘However, my being here, the strong GM team that Stuart put in place, much tighter coordination with other business units, and finance, HR and legal being well covered, mean there is no longer a role for a chief operating officer and Stuart will be leaving at the end of the year.’
“In a separate email, Mr. Adler touted Mr. Karle’s contributions. Following Mr. Karle’s departure, Mr. Adler announced, the position of chief operating officer will be replaced by the newly created role of global head of editorial operations.
“Reuters has had a rough fall. In October, shortly after canceling Reuters Next, the consumer facing website that had been in the works for more than two years, Mr. Rashbass announced that around five percent of editorial staff would be cut.”
by Chris Roush
Bloomberg LP’s news division will lay off about 50 people, or about 2 percent of its newsroom, according to people familiar with the company’s plans, reports William Launder of The Wall Street Journal.
Launder writes, “Most of the cuts will come in coverage areas like sports and arts and entertainment, although a small portion will come in Bloomberg’s investigative-reporting unit, the people said.
“Separately, Bloomberg’s TV unit eliminated about 10 jobs last week, people familiar with the situation said.
“Bloomberg has 2,400 people in its newsroom and media group that includes TV, radio and digital journalists. Bloomberg, whose major business is selling financial data on terminals, employs 15,000 people globally.
“The market for financial data has experienced slower growth in recent years as big banks cut back on their head count, thereby reducing demand for new terminals, and as Europe’s economies struggle with a prolonged downturn.
“Bloomberg’s rival, Thomson Reuters, recently said it would cut 3,000 jobs. In its newsroom, the company is taking steps to eliminate around 5% of its staff, or approximately 140 positions. Thomson Reuters has warned of weaker demand from Wall Street and other financial clients.”
Read more here.
by Chris Roush
Michelle Cioci, the assistant managing editor of the Utica Observer-Dispatch in New York, has been named the associate editor of Buffalo Business First, an American City Business Journals paper.
Cioci writes, “I’m leaving the area for a job in Buffalo. (Yes, I know their winters are brutal, too.) It’s time. The move is half way to home, and I’m ready for a new challenge. I’m blessed because I will be joining two former O-D reporters — Allissa Kline and Dan Miner — at Business First, a weekly business publication there, and I’m ready to get to know Western New York.
“But that doesn’t mean I won’t be leaving a piece of my heart here.
“There’s a piece of it with everyone I’ve worked alongside at the O-D, every person who contacted me at the paper, every story I helped tell.”
Read more here. Cioci is from of Youngstown, Ohio, and a graduate of Kent State University. She moved to Upstate New York in 2001 when I accepted a job as a copy editor/page designer at the O-D. She became an editor in 2003 and has held at least a half dozen titles since then.
by Chris Roush
WLRN Public Radio and Television in Miami has named Tom Hudson, former anchor of “Nightly Business Report” on public television, as vice president of news.
A story on its website states, “Hudson joined WLRN in 2013 as a special correspondent, creator and host of The Sunshine Economy. He also hosts The Florida Roundup, WLRN’s award-winning, weekly public-affairs program.
“‘At this time of great change for the media industry, accurate, reliable and analytical news coverage has never been more in-demand,’ Hudson said. ‘WLRN is positioned with its partners, NPR and the Miami Herald, to provide more in-depth, more innovative and more meaningful news coverage for South Florida.’
“Hudson previously was the co-anchor and managing editor of the Nightly Business Report on public television. While Hudson was co-anchoring and managing NBR, the program was awarded the 2012 Program of Excellence Award by American Public Television. He graduated Phi Beta Kappa from the University of Iowa and is the recipient of several professional honors and awards for his work in journalism.”
Read more here.
by Chris Roush
The Newspaper Guild of New York has sent the following to all of its members who work at Reuters:
As the end of the year approaches, so does Thomson Reuters annual push for performance appraisals. While your participation is required to receive a discretionary increase next year, you should still proceed with caution. It’s no secret that management has embarked on a campaign to “manage out” journalists identified as “poor performers,” whether or not the facts actually support that assessment.
So as we have previously advised, if your manager asks you for a self-assessment, the Guild recommends that you respectfully decline. Your manager should be familiar enough with your work to assess your performance. But if your boss absolutely insists, we suggest you give yourself a rave review. Don’t give your supervisor ammunition to rate you poorly.
If your manager requests a colleague assessment, part of what’s known as a 360 review in management-speak, the Guild recommends you respectfully and forcefully decline, and let your steward know if the manager insists.
Rating your colleagues is an especially risky task for Guild members and not a great management ploy if what they’re looking for is effective teamwork. That’s because job appraisals are one of the things bosses use to determine discretionary raises, which are drawn from a limited pool of money. That creates an incentive for employees to praise themselves to the skies and trash everybody else in their work group. Not exactly the way to get an honest picture of what’s going on and who’s doing what.
Since some of us work with colleagues outside the United States, you may get requests from colleagues in other regions to do a colleague assessment, and you may be tempted to write a glowing review for them. The Guild suggests that you do not do this, for consistency’s sake. If you wouldn’t rate the colleague next to you, why rate the colleague on the other side of the ocean?
by Chris Roush
Danielle Bronner, a web editor at Reuters, is leaving the news service for a job at The Atlantic.
In an email to her Reuters colleagues Thursday:
As many of you know, Friday will be my last day at Thomson Reuters. It’s been such an honor and a pleasure to work with each of you. I’ve learned much from you these past months and can’t say how much I’ve enjoyed this time. Thanks for everything, best of luck, and I hope to keep in touch. Please join me for drinks tomorrow after work, location to come. Danielle
Bronner had joined Reuters in February. She previously worked at The Huffington Post and is a Barnard College graduate.
by Chris Roush
Malia Spencer, who had covered technology, manufacturing and energy for the Pittsburgh Times, has moved cross country to cover banking, finance and startups for the Portland Business Journal.
Both papers are owned by American City Business Journals.
Spencer writes, “I got to Portland two weeks ago after a cross country trek from Pittsburgh, the city I have called home for the last four years.
“While in the Steel City I covered technology, manufacturing and most recently energy for our sister paper the Pittsburgh Business Times. I was brought to Portland to cover the startup scene here as well as banking and finance. I’m originally from the California Bay Area, so I am glad to be back on the Western side of the country — though my time out East was great.
“Since landing in my desk at the Business Journal’s downtown office, I’ve been trying to dive into the local scene and learn as much as possible.
“I’ve been in touch with a lot of folks already but like any good journalist I am looking for more. So, if you have a startup, invest in startups, run an accelerator, run a bank or are otherwise involved in the region’s technology, or banking and finance sectors I want to know you.”
Read more here.