Here’s one unexpected (but tough to pity) victim of the MF Global meltdown: Mayor Michael Bloomberg.
When the brokerage filed for bankruptcy, Bloomberg LP lost 600 terminal subscribers, or about $1 million in monthly revenue, The New York Times reports, causing the company to miss target sales by 12 percent and possibly taking a toll on bonuses.
Sales of the Bloomberg terminal, a finance industry must-have, fund the vast majority of Bloomberg LP’s journalism outfit. As a result, the size of its reporting staff is closely linked to the health of the economy.
But things aren’t so bad yet: Bloomberg View executive editor David Shipley added five journalists to the editorial board today.
- Katy Roberts, The New York Times Week in Review editor
- James Gibney, features editor at The Atlantic
- Michael Newman, politics editor at Slate
- Marc Champion, Istanbul bureau chief at The Wall Street Journal
- Deborah Solomon–no, not that Deborah Solomon–economic policy reporter at The Wall Street Journal
Follow Kat Stoeffel via RSS.