Bloomberg Loses $12 M Customer, Gains 5 Journalists

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
Bloomberg Loses $12 M Customer, Gains 5 Journalists