Free Republic

After Michael Bloomberg confirmed his run for president on Sunday, the news service that bears his name said it would not “investigate” the billionaire or any of his Democratic rivals. A former editor of his Bloomberg Businessweek title branded the decision “staggering” and said journalists at Bloomberg News “deserve a hell of a lot better than this”. The editor-in-chief, John Micklethwait, announced the new rules in a note to 2,700 journalists and analysts. “There is no point in trying to claim that covering this presidential campaign will be easy for a newsroom that has built up its reputation for independence...

Link to his post, which he has since deleted: https://twitter.com/jonathantasini/status/958765928602157056

While Bloomberg's BusinessWeek division is no stranger to provocative covers (here, here and here), it will be interesting to see what reactions among a growing segment of the US population, those that don't believe that unsustainable, reserve currency-threatening spending like a drunken sailor is the equivalent of "wealth creation", its latest cover ( to the following story) will provoke: namely, the "crazy", "deadender" tea party. [Snip]

This is Bloomberg Businessweek's Cover Story going into the election. A real hit piece. MSM is REALLY carrying the water for Obama and the Democrats. Look at the cover photo.

The ax-man rings twice! The second round of cuts got underway at Bloomberg BusinessWeek this morning, with about 30 people being trimmed from the business news weekly’s payroll. Roughly 20 will be given their walking papers — with the remainder being reassigned to the Bloomberg News operation, sources said. Departments hit hard by the swinging ax include editorial, photo and art. A BusinessWeek spokesman said: "As we prepare for the launch of Bloomberg BusinessWeek on April 23, we are more deeply integrating our editorial team with Bloomberg’s, one of the world’s largest news organizations. As a result, there are some...

Barack Obama swept into the Oval Office as a human green screen. Voters projected their own hopes and dreams onto him. He had glamour, observers gushed. But glamour used to mean an actual magic spell, as my former boss Virginia Postrel wrote during the 2008 campaign. She noted fans’ mystical bond with the mysterious candidate: Obama is unusual, however. He attracts supporters who not only disagree with his stated positions but assume he does too.

Sitting here in Singapore as President Obama went through China and flew home from his 8-day trip to Asia, it is perhaps easier to see the true truth of his trip—it’s deep failure....

Bloomberg is taking another step from the trading floor into the corner office. The company said Tuesday that it was the winning bidder for BusinessWeek, the troubled 80-year-old title that McGraw-Hill had put on sale this summer. Terms of the deal were not disclosed, but the price was said to be near $5 million, plus assumption of liabilities, which were $31.9 million as of April. The magazine will continue to be a weekly print publication, rechristened Bloomberg BusinessWeek. Decisions have not been made about BusinessWeek’s staff of more than 400 people; Bloomberg will select which of those employees it wants...

What’s one of the biggest names in magazine publishing worth? These days, maybe $5 million, plus debt. That’s the high end of the range Bloomberg will be paying for BusinessWeek, reports BusinessWeek, which has done an excellent job of covering its sale. Can’t call this one a surprise, as Bloomberg has reportedly been the lead bidder for some time now. BusinessWeek employees spent most of the day waiting for an announcement to that effect, and finally heard one, via Bloomberg’s wire service, shortly after 5 pm EDT. Shortly after, BusinessWeek Editor Stephen J. Adler gathered his troops for an informal...

AN FRANCISCO (AP) -- Bloomberg LP is buying BusinessWeek magazine in a deal that brings together a financial news service specializing in rapid-fire updates with a print publication struggling to adapt to the Internet's information whirlwind. Terms of the sale announced Tuesday were not disclosed. Citing unnamed people privy to the negotiations, BusinessWeek pegged the acquisition price at $2 million to $5 million in cash. Bloomberg also would be responsible for paying other costs, such as severance pay to any of the roughly 400 BusinessWeek employees who might be laid off, the magazine's Web site reported.snip

McGraw-Hill could reap just $1 from a sale of Business Week, according to people familiar with the 80-year-old financial magazine’s losses. The publisher has appointed Evercore, the boutique investment bank, to sell the business after concluding it was non-core, two people familiar with the decision said. McGraw-Hill, which owns the Standard & Poor’s rating agency and a large educational publisher, would only say it was “exploring strategic options” for Business Week. Evercore did not return calls. Auctioning a predominantly print business exposed to financial advertisers during a media recession will be challenging.

Dear Freepers! Vote for me for BusinessWeek Contest (voting ends this Weekend - Click on Image & Vote Today!) Thanks for everyone's support! BusinessWeek Selects 25 year old Hollywood Studio Owner and Cuban Immigrant Carlos Leon as “One America's Best Young Entrepreneurs 2008”Los Angeles, CA - BusinesWeek Magazine has selected 25 year old Hollywood Studio Owner Carlos Manuel Leon as one of America's Best Young Entrepreneurs in it's 2008 edition. A media mogul in the making, he is the founder of CML Studios, a full service production facility that shoots music videos, commercials, photos shoots and short films. He built...

Looking for new and innovative ways to spread the doom-and-gloom news associated with the economic downturn, BusinessWeek magazine launched a recession blog on its Web site back in May to give a personalized glimpse into "recession" hardships. "This blog is one of the places we'll tell these stories," BusinessWeek.com reporter Tim Catts wrote on the blog's first post on May 2. "Here, we'll jump into the conversation about where the economy is and where it's going. Yes, sometimes we'll look at the latest data. Sometimes we'll share observations from the road. The goal is to give readers real stories about...

If there were any doubt the media is trying to milk bad economic news for all that it's worth, look no further than BusinessWeek magazine. BusinessWeek kicked off its "Recession in America" blog on May 2. It is dedicated solely to reporting on the "recession [that] is here (or will be soon)," as the headline of a May 19 post stated (h/t BMI advisor Chris Roush of Talkingbiznews.com). "As the U.S. economy slows, the story is often told through broad statistics," the "about" section of the blog stated. "In this blog, BusinessWeek reporter Tim Catts travels the country to uncover...

3. The piece is actually more biased then the New York Times, I am thoroughly disappointed in BusinessWeek for even printing it. Check out the breakdown of quotes in this article: 2 quotes from Democratic Consultants 0 quotes from Republican Consultants 1 Example of a CEO who likes Obama and corresponds with him 0 Examples of CEOs who disagree with Obama or even think Clinton is better 1 Quote from the head of a Chamber of Commerce about Obama’s character 0 Quotes from anyone about the damaging effects of Obama’s liberal policies in Illinois If this breakdown surprises you, you...

BusinessWeek announced internally a reorganization of its editorial operations and the fact that it was laying off a dozen editorial and business staff members. A spokeswoman would not discuss specific employees or their last day at work. Here is the memo (the layoffs are buried after the jump) from editor in chief Stephen Adler: Colleagues: For the past three years, we’ve been moving progressively toward integrating our print and digital operations – by increasing reporters’ contributions to Businessweek.com, combining our overseas bureaus and copy-desk teams, and seating together everyone within a given coverage area. Today we complete this vital transformation...

U.S. stocks are at record levels. Earnings season is under way, with many expecting a modest rise in corporate profits. Unemployment is very low. So far problems with housing haven't infected the rest of the economy, which seems poised to bounce back from slow growth in the first quarter. So what is there to worry about? Plenty. No matter how wonderful things look, the good times won't last forever. Even as most market observers remain bullish, we asked them what could derail this bull market. Stocks could keep setting records for months or even years, but it pays for investors...

BusinessWeek’s Spin on Socialism: ‘Business has never been better’ Posted by Julia A. Seymour on June 19, 2007 - 18:26. Socialist Dictator Hugo Chavez has seized private businesses in Venezuela and many Venezuelans are fleeing the country, yet BusinessWeek magazine found a silver lining: “In some respects, business has never been better,” claimed Geri Smith in the June 25 issue. Smith quoted Venezuelan American Chamber of Commerce President Edmond J. Saade who said: “It’s a bit like the … French Revolution. Power to the people, death to nobility.” Smith’s claim that business has never been better even ignored the Venezuelan...

When foreigners say Bangalore is India's version of Silicon Valley, the high-tech office park called Electronics City is what they're often thinking of. But however much Californians might hate traffic-clogged Route 101, the main drag though the Valley, it has nothing on Hosur Road. This potholed, four-lane stretch of gritty pavement -- the primary access to Electronics City -- is pure chaos. Cars, trucks, buses, motorcycles, taxis, rickshaws, cows, donkeys, and dogs jostle for every inch of the roadway as horns blare and brakes squeal. Drivers run red lights and jam their vehicles into any available space, paying no mind...

We hear that after a recent redesign of the story pages, the level of reader commentary at BusinessWeek's site has dropped precipitously, whether for technical or aesthetic reasons. This prompted exec editor Kathy Rebello to perform some field tests: From: Rebello, Kathy Sent: Thursday, October 19, 2006 6:56 AM To: Litscher, Ross; Meersschaert, Niels Subject: RE: Reader Comments aren't working Ross, I kicked it around this morning posting comments here, there, and everywhere -- and it blessedly works. Thanks so much. This is such an important part of our site and I know that getting it working again was a...