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It's a shame but I'm sure they are reducing staff with a duplicate function at Bloomberg. This will continue to happen to publications that cant find a way to
by WheelsAtLarge 7y ago
It's a shame but I'm sure they are reducing staff with a duplicate function at Bloomberg.
This will continue to happen to publications that cant find a way to finance their operations. Employing a team to publish a publication is expensive so I dought subscriptions alone will be enough to support a team. I think it will have to be a combination of advertising, subscriptions and something else which we still have to define.
- cgb223 7y agoI guess the question is how does a larger publication like Bloomberg make money whereas a more specialized one like CityLab struggle? Maybe the smaller publications can mimic their business model?
- formercoder 7y agoEconomy of scale, fixed costs spread over more reporters, lower cost of capital. It’s cheaper to be big.
- thawaway1837 7y agoBloomberg News likely does not make money (I.e. a profit). The terminals do and very likely subsidize the news. If the News side makes money, it’s likely because they get to share all the administrative costs with the terminal side.
- cgb223 7y agoWhat’s a terminal in this context?
- bransonf 7y agoProbably referring to the Bloomberg Terminal [0] as in the hardware/software product that offers real-time economic data and enables a large portion of the market’s electronic trading. [0] https://en.m.wikipedia.org/wiki/Bloomberg_Terminal https://en.m.wikipedia.org/wiki/Bloomberg_Terminal
- deleted 7y ago[deleted]
- odyssey7 7y agoIt's a computer Bloomberg produces with access to data, news, and tools used by workers in the finance industry. A subscription for one is around $20,000 per year, and there are currently 100,000s of active subscriptions.
- asdff 7y agoI'm surprised there aren't more nonprofit outlets running entirely off of dividends from an endowment. It's not like you need to run a massive expensive print and distribution operation anymore, or that salaries for journalists are especially high.