“Most of the other news organizations I’ve worked at are fighting the delusion factor,” says the former news executive for both CBS and NBC.
“There’s enormous pressure of economics on journalism.
It’s an expensive, tough game to be in.” Awash in subscriber revenue, Bloomberg and Thomson Reuters are those truly rare things: news organizations that not only are healthy but also are on a hiring spree.
Bloomberg boasts about 2,400 edit staffers, up from 2,100 three years ago, while Thomson Reuters has added 600 full-time journalists over the past four years for a total of 3,000.
“It’s allowed them to corner the talent market.” That’s because Bloomberg and Reuters have something no other player in the news business does: subscription-only financial data and services that pull in billions of dollars.