Tag Archives: Bloomberg

Rafat Ali: More job losses and major product closures for media industry in 2009

For those that haven’t seen it, here’s Bloomberg’s interview with ContentNext/paidContent founder Rafat Ali, in which he forecasts more job cuts in January and February for the media industry and major product closures by publishers and broadcasters. Ali also predicts the end of one UK or US national newspaper in the next few months.

Bloomberg runs false obituary for Apple’s Steve Jobs

The death of Apple founder and CEO Steve Jobs was prematurely announced yesterday afternoon by Bloomberg.

A pre-prepared stock obituary was accidentally posted to Bloomberg’s corporate client wire service, even through the story was marked ‘Hold for release – Do not use’.

It was quickly spotted by a user, and sent to Gawker.com, where the obituary can still be read in full.

Bloomberg was quick to retract the story, and yesterday published a message on its wire saying: “An incomplete story referencing Apple Inc. was inadvertently published by Bloomberg News at 4:27 p.m.New York time today.”

At Telegraph.co.uk Matthew Moore reports: “The stock obituary was published ‘momentarily’ after a routine update by a reporter, and was ‘immediately deleted’, Bloomberg said.”

According to Moore, ‘Jobs has been reluctant to publicly discuss his health, but recently denied claims that his cancer [from which he has previously suffered] had returned’.

Belgian newspapers seeking £39m damages from Google

A group of Belgian newspapers are seeking up to £39m (€49m) in damages from Google for the search giant publishing and storing their content without permission or offering payment.

Last year Google lost a case brought against it by the Copiepresse group – an organisation that represents the French language press in Belgium – forcing it to remove cached versions of newspaper articles and take down content from its Google News service

The organisation’s secretary-general told Bloomberg yesterday it had summoned Google to appear again before a Brussels court so that it could decide on the damages. Copiepresse is seeking between €32.8 and 49.1m.

The damages would be in addition to the €25,000 (£20,000) daily fine imposed on Google by the court for each day it kept Copiepresse material on its site.

Google appealed the original court decision of February 2007, which ruled that it could not claim ‘fair use’ – acceptable under copyright law – for using a lines of text and linking to the original article.

A Google spokesperson told Bloomberg that it was still awaiting the results of its appeal and that it had not received notification from Copiepresse of any new court dates.

Portfolio: Bloomberg buying NYT? Don’t hold your breath

Speculation about Bloomberg placing a bid for the New York Times has been rife for some time, but don’t believe the hype says Portfolio.

It quotes Bloomberg dismissing the speculation himself during a press conference yesterday in New York.

“I am not a newspaper person,” Portfolio reported him saying.

“I know nothing about the production of a newspaper. I know something about reading it. Sometimes I like it. Sometimes I don’t. I buy it everyday retail. But I am not going into the newspaper business.”

Video: side-achingly ‘funny’ look at life at Bloomberg

Proof, if ever you needed it, that the financial journos at Bloomberg (thanks to Gawker for the point) just can’t do funny… but why would you ever want them to? Back to work boys and girls.

At least it isn’t the Comic Relief or Children in Need dance-and-sing nightmare that the Beeb puts us through every year.

[youtube:http://uk.youtube.com/watch?v=_YX-3u_ke7w]