Bloomberg Announces Major Reorganization – Is it Trying to Become More Clownish Like CNBC?

Bloomberg News puts out a lot of good stuff. I link to Bloomberg articles often when it comes to finance and market stories, and I’m grateful for them. As such, when a news source this huge fires 90 journalists, and its recently hired editor in chief writes a 3,000 word memo announcing a major reorganization, it’s important to pay attention.

As much as I appreciate a lot of the work Bloomberg does, I have noticed what seems to be an increasing number of headlines pandering to what I call “oligarch porn,” as well as stories that seem to serve no news purpose other than celebrating the inane and superficial. Here’s a recent example, which I flagged via Twitter…

Read the rest here.