Bureau of National Affairs
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The Bloomberg BNA building, in Crystal City, Arlington, Virginia
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| Wholly owned subsidiary | |
| Industry | Legal, Tax & Business news |
| Founded | 1929 |
| Founder | David Lawrence |
| Headquarters | Arlington, Virginia, United States |
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Key people
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Gregory C. McCaffery (CEO and President) |
| Owner | Bloomberg L.P. |
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Number of employees
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1,000+ |
| Website | www |
Bloomberg BNA, formerly known as The Bureau of National Affairs, Inc. and BNA, is a wholly owned subsidiary of Bloomberg L.P. and a source of legal, tax, regulatory, and business information for professionals. It is headquartered in Arlington County, Virginia. The company's CEO and president is Gregory C. McCaffery.
BNA was founded in 1929 by David Lawrence and became employee-owned in 1946. When it was acquired by Bloomberg in September 2011, it was the oldest employee-owned company in the United States.
The Bureau of National Affairs, Inc. (BNA) was founded in 1929 by newsman David Lawrence as a subsidiary of United States Daily, now known as the US News & World Report. BNA's first publication was U.S. Patent, Trademark & Copyright Reports (now United States Patent Quarterly). In 1946, Lawrence sold BNA to five of his top editors: Dean Dinwoodey, John D. Stewart, Ed Donnell, Adolph Magidson and John Tyler. The editors opened up ownership to the rest of their BNA colleagues and from 1947 until 2011, the company was owned entirely by current and former employees.
Tax Management, Inc., a subsidiary of Bloomberg BNA, was founded in 1959 by Leonard Silverstein to provide tax analysis in the form of the Tax Management Portfolios. The company has published over 500 Portfolios and now offers research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants. It offers federal, state, international tax and accounting services. Tax Management, Inc., is fully integrated into Bloomberg BNA and is based in Arlington, Virginia.
On August 25, 2011, Bloomberg L.P announced it would purchase BNA for an estimated $990 million. The transaction closed in late September 2011 at which time Bloomberg paid $39.50 a share in cash through a tender offer to BNA's employee-owners. Bloomberg purchased BNA to bolster its existing Bloomberg Government, Bloomberg Law and Bloomberg News services and integrated BNA's vast databases and deep reporting of policy into its news and online products.
1926 - Publisher David Lawrence launches United States Daily.
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