Tag Archives: New technology


Assessing the new Bloomberg media CEO’s plans


Tom Foremski of ZDNet.com writes Tuesday about the plans of Justin Smith, the new CEO of Bloomberg Media Group, to expand the company’s media business.

Foremski writes, “Also, will his forays into new media models be something that others can follow? This is unlikely since Bloomberg’s media business model is still tied to its lucrative terminals business. Or are changes on the way?

“With the steady income from the terminals business there’s less urgency to experiment with new models, a point that Mr. Smith appears to be trying to shakeup in his memo to 2400 editorial staff.

“The fact of the matter is that the economics of the media business do not favor an organization with 2400 journalists that has to rely on traditional revenues from advertising, paywalls, and events.

“The New York Times recently reported two years of consecutive declines in print and digital advertising revenues. It’s paywall subscriptions are rising but not fast enough to battle the continued disruption in its core business.

“Thanks to the terminals business, Mr. Smith is in a safe position to experiment with new models but his successes are unlikely to become models on which other, struggling media firms can build on.  For example, he doesn’t have to deal with print and digital advertising. His prior positions: This Week is in trouble, and Atlantic Media is growing but needs to grow faster to keep up with the decline in the value of print and digital advertising. His career is keeping him one step ahead of the media disruption.”

Read more here.


Bloomberg’s four-screen strategy


Malcolm Fried, head of Bloomberg TV in Europe, the Middle East and Africa, writes about how video is transforming traditional media and how Bloomberg’s four-screen strategy is moving the company ahead in the Sunday Telegraph.

Fried writes, “At Bloomberg, we have what we call a “four-screen strategy” – linear television, the internet (which is the desktop computer or the laptop), the mobile device that you carry around with you, and the tablet. We recognise the need for people to be able to access critical business news and information at all times from everywhere in addition to being able to watch videos on their own time.

“So we adopted a digital first mentality – meaning we don’t just re-purpose television on other platforms. Instead, we launched a digital video desk in order to move video production to web and mobile platforms.

“As a platform, mobile’s unique attributes make it transformative. We are already seeing legacy desktop tools becoming mobile applications. For example, former Facebook CTO Bret Taylor recently launched Quip, a word processor that allows for collaborative document editing across mobile and desktop devices.

“We are taking full advantage of our capabilities and strengths in news, data, video and analytics to capitalise on the opportunity. In fact, according to comScore Video Metrix, Bloomberg.com is the leader in worldwide video streams for the past eight months.”

Read more here.


Bloomberg’s Smith lays out his vision


Justin Smith, the new CEO of Bloomberg Media Group, sent an email on Friday to the staff about his vision for the future, and Brian Morrissey of Digiday obtained a copy.

Smith wrote:

Embrace change.
“The media industry is bifurcated into two distinct worlds: the struggling traditional segment that longs for a simpler, more profitable past that will never return; and the vibrant, entrepreneurial segment that is reinventing the industry before our eyes. The simple act of choosing to live on the new, wide-open frontier is a powerful step toward success.”

Celebrate talent.
“Because we’re in the business of making and selling ideas, talent is the ultimate driver of media success. In a digital and social world, a talented individual journalist can rival the influence and impact of the world’s greatest media brands. A brilliant marketer can dream up a creative idea that generates millions of dollars of brand value. An innovative salesperson can beat the competition by selling ideas-based programs rather than commodity advertising. World class, A+ talent is the super-ingredient for media success, and the organizations that recruit and maintain their top talent — and manage it well — will win.”

Accept uncertainty.
“Anyone who tells you they can predict the future state of media and its consumption patterns or business models isn’t being honest. No one knows where things are going and how they’ll play out. To succeed, we must accept this state of confusion and embrace the chaos. When there’s no obvious right answer, we’re forced to experiment, and examine new, sometimes uncomfortable, ideas. In media in 2013, invention, creativity and ingenuity are the currencies of success.”

Read more here.

Naked Capitalism

Best places for biz news, according to Wired


Wired magazine has posted a list of ots top 15 places to get business and financial news.

Here are some of them:


Marginal Revolution


Those who call economics “the dismal science” have never heard it offered up by Tyler Cowen and Alex Tabarrok. Together the two George Mason University professors take a daily stab at unraveling everything from why dying firms don’t raise prices to the sociopolitical underpinnings of World War Z. It’s fun reading and, even better, makes you smarter.

Om Malik


Cranky, contrarian, and usually right when it comes to where the business of technology  is headed. He’s also been known as a hell of a DJ.

Home of the blog­ger who popularized the idea of minting a trillion-­dollar coin (brilliant). It’s where monetary policy wonks go to geek out.



With his liberal, free-market philosophy, Slate’s Matthew Yglesias is unfailingly sharp in his economic analysis. (Even if he’s wrong about ­Chipotle burritos. They’re nothing like an iPhone, Matt.)

As the name suggests, this blog penned by Yves Smith (aka Susan Webber) offers a piercing look at the ethical and legal missteps of the global financial industry. And there are a lot of them.

Read more here.

Economics in Plain English

The Atlantic launches “Economics in plain English” series


The Atlantic is beginning a series of videos called “Economics in Plain English,” writes Derek Thompson of its business news staff.

Thompson writes, “We sifted through more than 300 submissions, which ranged from the super-serious (‘explain monetary policy’s effect on long-term interest rates’) to the super-not-serious (‘why are cupcakes cheaper than Banh Mi sandwiches?’).

“We’ve picked our six favorites across a wide range — from highbrow to lowbrow, trivial to weighty, practical to theoretical — and filmed three-minute videos answering each question in a way we hope is not just watchable and not just informative (although hopefully both of those things) but also just plain fun.

1) Why is bottled water so expensive?

2) Are bottomless drinks actually a good business?

3) Are the machines taking our jobs, and should we be scared?

4) Are the rich hoarding the economic pie?

5) What’s the difference between fiscal policy and monetary policy?

… and, finally, because it seemed like an absurd challenge:

6) What is money?

“Some of these topics naturally lend themselves to a bit more fun than others. We’ll take any excuse to talk business over bottomless mimosas (#2) or visit a northeast D.C. pie shop to discuss income inequality (#4). On the other hand, comparing the effect of tax-based stimulus to quantitative easing (#5) in an accurate and amusing way was a slightly different challenge.”

Read more here.

Reuters Logo

Reuters launches Polling Explorer


The Reuters Polling Explorer, an interactive tool for exploring our poll results across business, politics, current affairs and lifestyle topics, launched on Thursday.

The editor-in-charge of data and computational journalism, Maurice Tamman, explains the new tool:

In January 2012, Reuters embarked on a polling project that flipped mainstream polling on its head. Instead of using telephones to gather results on a semi-regular basis, we partnered with the research firm Ipsos and opted to reach a huge number of mostly pre-screened respondents online. The result is that we have not only polled far more people than a traditional telephone survey can reach, but we’ve been polling continuously for more than a year and a half, asking hundreds of questions of about 11,000 people every month.

It was a bold step, but one that paid off: It was among the most accurate polls on the Monday before the election. But to view the Reuters/Ipsos poll as simply an election survey would be to miss the vastness of this effort. Since the project started, we have asked questions about everything from political scandals and overseas revolutions to social network use and the U.S. government’s surveillance of its citizens.

In addition, the poll collects a huge array of demographic information about those who respond, ranging from age, race, sex and political affiliation to income, marital status, sexual orientation and religious affiliation. All questions can be filtered by these demographics, allowing for an unprecedented and detailed view of the mosaic that is America.

The results of that work are now available for the public to explore through the Reuters Polling Explorer. No other public tool exposes so much data about how Americans view each other, their world, their government and politics. The explorer is updated twice a week, on Tuesdays and Fridays, and new questions are added almost every week.

Read more here.


Quartz to allow readers to contribute to articles


Quartz, the financial news site from The Atlantic, has launched a new service that allows readers to contribute to articles on the site.

Readers can now annotate Quartz stories on the level of individual paragraphs, in a new spin on commenting that is intended to encourage thoughtful contributions and feature them prominently alongside the original content.

“Our aim with Quartz from the start has been to rethink any conventions of websites that didn’t serve the readers,” said editor in chief Kevin Delaney in a statement. “We felt strongly that reader comments were traditionally too often hidden, and unanchored from the original content they were about. With annotations, we’re allowing Quartz readers to comment right next to specific points in articles and share those views with their colleagues and friends.”

Some of the earliest newspapers had wide margins for readers to jot down their notes next to articles. And the web’s technical architects initially planned to include similar annotation functionality across all of the Internet.

Quartz reporters and editors are themselves actively participating in the discussions, and will feature annotations that are particularly insightful. Readers can respond to each other, and easily share any annotations via social networks and email.

A video showcasing how annotations works can be found here. Quartz’s team has written about the feature here.

Thomson Reuters

Thomson Reuters Twitter account is hacked


The main Twitter account of news outlet Thomson Reuters was taken over Monday, apparently by the Syrian Electronic Army group that has hacked other news organizations, reported Shira Ovide of The Wall Street Journal.

Ovide writes, “‘Earlier today @thomsonreuters was hacked,’ a spokesman for the news organization said in an email late Monday. ‘In this time, unauthorized individuals have posted fabricated tweets of which Thomson Reuters is not the source. The account has been suspended and is currently under investigation.’

“The Thomson Reuters Twitter account as of late Monday Eastern Time was marked as ‘suspended.’ The website BuzzFeed posted images of tweets from the Thomson Reuters Twitter feed before the account was suspended. (Note: Some of the cartoon images depict violent acts.)

“Thomson Reuters declined to say how its Twitter account was compromised. The spokesman also declined to say whether its Twitter account enabled ‘two-factor authentication,’ an extra layer of protection Twitter began offering in May to ensure that a person who enters a password is the authorized user.”

Read more here.

Jarrard Cole

The WSJ approach to interactive video


Journalism.co.uk’s Sarah Marshall spoke to Neal Mann, multimedia innovations editor at The Wall Street Journal, and Jarrard Cole, a multimedia producer, about why they decided to take a unique approach in interactive storytelling.

Their latest video allows users to click and explore different aspects of the story, such as related graphics, articles and videos.

Marshall writes, “Mann’s view is that ‘traditional TV-style methods’ do not always act as good explainers.

“He therefore started to think about doing the piece from a first-person perspective ‘and using interactivity as a way to allow the reader to engage further and get more background.’

“One of the big challenges for Mann, Cole and the reporters involved was to distill the story and explain the key facts and to point people to where they could find out more. The multilayered approach to storytelling allowed them to do this.

“‘The interactivity adds another layer,’ Mann said. ‘And that was really quite exciting because in news, and particularly in news video, we are normally condensing incredibly complex issues into very short periods of time. What interactivity allows us to do is to really expand on that and allow the viewer to expand on areas where they may need some extra background detail.’”

Read more here.


Seeking Alpha making push into apps


Jeff John Roberts of PaidContent.org reports that Seeking Alpha is preparing to roll out a series of applications.

Roberts writes, “The apps, which cover verticals like tech, ETF’s and energy, provide on-the-go news for the growing number of people who use their smartphone to catch up on the bus or in a Starbucks line.

“While there’s nothing earth-shaking about a financial news app (Bloomberg, TheStreet and others are in the game too), Seeking Alpha is worth watching because of its mobile strategy and the unusual model that drives its content curation — the articles are churned out primarily by investors rather than professional journalists.

“According to founder David Jackson, the article pays $500 for an article that affects a major stock and $150 in the case of a small cap one. Other contributors receive smaller amounts based on how many people see the article. Jackson said by phone last week that the site paid out $800,000 to writers in Q1 of this year, while also “weeding out” list-based content.

“From a strategic standpoint, Seeking Alpha isn’t trying to make money directly from the apps but hopes instead that the apps will juice sales of the site’s premium product.”

Read more here.