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A comment on Bloomberg just bought CityLab and put half its reporters out of a job. Parent comment

Re:Bloomberg just bought CityLab and put half its reporters ... by thawaway1837 on Friday December 13, 2019 @09:31PM (#21787401)
Bloomberg News likely does not make money (I.e. a profit).

The terminals do and very likely subsidize the news.

If the News side makes money, it’s likely because they get to share all the administrative costs with the terminal side.

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Re:Bloomberg just bought CityLab and put half its reporters ... by cgb223 on Friday December 13, 2019 @09:35PM (#21787414)
What’s a terminal in this context?
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Re:Bloomberg just bought CityLab and put half its reporters ... by bransonf on Friday December 13, 2019 @09:41PM (#21787430)
Probably referring to the Bloomberg Terminal [0] as in the hardware/software product that offers real-time economic data and enables a large portion of the market’s electronic trading.

[0] https://en.m.wikipedia.org/wiki/Bloomberg_Terminal

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Re:Bloomberg just bought CityLab and put half its reporters ... by odyssey7 on Friday December 13, 2019 @09:44PM (#21787439)
It's a computer Bloomberg produces with access to data, news, and tools used by workers in the finance industry. A subscription for one is around $20,000 per year, and there are currently 100,000s of active subscriptions.
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