Bloomberg News

Bloomberg News is a global news agency headquartered in New York City, United States. Founded by Michael Bloomberg and Matthew Winkler in 1990, it has grown to become a leading source of financial news and information worldwide. Bloomberg News is a division of Bloomberg L.P., a privately held financial, software, data, and media company also founded by Michael Bloomberg.

History

Bloomberg News was established to provide financial news reporting to Bloomberg terminal subscribers. The Bloomberg terminal, a computer software system provided by Bloomberg L.P., enables professionals in the finance sector to access the Bloomberg Professional service through which they can monitor and analyze real-time financial market data, and place trades. The creation of Bloomberg News was aimed at enhancing the value of the Bloomberg terminal with high-quality journalism.

Over the years, Bloomberg News has expanded beyond its initial focus on financial markets. It now covers a wide range of topics including politics, technology, and global business. The agency employs thousands of journalists and analysts in over 100 countries, providing news 24 hours a day.

Operations

Bloomberg News operates through various platforms including its primary news service available on Bloomberg terminals, television, radio, and Bloomberg's digital properties. Bloomberg Television and Bloomberg Radio are major outlets for distributing its news content, alongside its official website and mobile applications.

The news agency is known for its unique editorial style, which emphasizes timeliness and accuracy. Bloomberg journalists follow a specific set of writing guidelines known as "The Bloomberg Way", a manual for reporting and editing that was authored by Matthew Winkler, the agency's co-founder.

Impact and Criticism

Bloomberg News has been praised for its comprehensive coverage of financial markets and its ability to deliver breaking news quickly. However, it has also faced criticism, particularly regarding its editorial policies and practices. Concerns have been raised about potential conflicts of interest, especially related to the coverage of Bloomberg L.P. and its founder, Michael Bloomberg, particularly during his political campaigns.

Despite such challenges, Bloomberg News remains a significant player in the global news landscape, respected for its in-depth financial reporting and analysis.

See Also

• Financial journalism
• Bloomberg L.P.
• Michael Bloomberg
• Bloomberg Terminal