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Bloomberg News

Bloomberg News
Division
Industry News agency
Founded 1990; 27 years ago (1990)
Headquarters 731 Lexington Avenue, New York City, New York, United States
London, United Kingdom
Hong Kong
Key people
John Micklethwait
(Editor-in-chief)
Owner Bloomberg L.P.
Number of employees
2,300
Website www.bloomberg.com/news

Bloomberg News is an international news agency headquartered in New York, United States and a division of Bloomberg L.P.

Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms. As of 2015, John Micklethwait served as editor-in-chief.

Bloomberg News, originally known as Bloomberg Business News, was co-founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers.

The Bloomberg News agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 new bureaus worldwide.

Bloomberg Business News was conceived as a way of expanding the services offered through the terminals. According to Matthew Winkler, then a writer for the Wall Street Journal, Michael Bloomberg telephoned him in November 1989 and asked "What would it take to get into the news business?"

Knowing that Bloomberg had no experience in journalism, Winkler presented him with a hypothetical ethical dilemma:

"You have just published a story that says the chairman --- and I mean chairman --- of your biggest customer has taken $5 million from the corporate till. He is with his secretary at a Rio de Janeiro resort, and the secretary's spurned boyfriend calls to tip you off. You get an independent verification that the story is true. Then the phone rings. The customer's public-relations person says, 'Kill the story or we will return all the terminals we currently rent from you.'"


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