Bloomberg News this week announced plans to launch Bloomberg View – a new editorial page which will feature columns and commentary across all of Bloomberg’s platforms.
In a release Bloomberg said that David Shipley and James Rubin will be joining Bloomberg News as executive editors in January, to lead the new feature.
“I look forward to joining Bloomberg at a time when rational thought and commentary in the media is needed now more than ever before,” Rubin said. “There is an urgent need for ideology-free, empirically-based editorial positions about the pressing issues of our time, and we plan to deliver them.”
In a report by the New York Times Matthew Winkler, editor in chief of Bloomberg News, said the editorial page will be “consistent with the values and beliefs” of founder Michael Bloomberg, who is also the mayor of New York City.
“I fully expect us in our Bloomberg View always to reflect those values. In fact, I want people to come away from reading the Bloomberg View infused with those beliefs and values.”
Yesterday Poynter Online’s Rick Edmonds reported that the Associated Press has seen its newspaper revenues drop by a third in the past two years, from $220 million a year to around $140 million. This now represents just over 20 per cent of AP’s total revenue.
According to Poynter, AP’s CEO Tom Curley said he expected this to “drop ‘another $5 million to $7 million a year’ in 2011 and beyond”.
Though Curley and AP spokesman Paul Colford did not provide numbers for other business segments, Curley said growth areas include commercial photos, software businesses and AP’s international television news feeds, about to receive a $30 million upgrade to digital.
Online news has been a positive, he added, and broadcast is stable. Besides covering news abroad, the AP has also has a large international client base.
Online news aggregation service Publish2 announced yesterday that it intends to challenge the AP newswire with a new product that it claims will be more open and more efficient.
The start-up realises that the only way to disrupt the monster co-op is by offering a completely scalable substitute. Here’s basically what the company hopes the Publish2 News Exchange will do to the AP: ‘Craigslist it’.
As in, kill the AP’s main income stream by offering an open, efficient alternative.
And my educated guess is publishers are going to love this.
Full story at this link…