Following the acquisition, BusinessWeek was renamed Bloomberg Businessweek. The company acquired the magazine-which was suffering from declining advertising revenue and limited circulation numbers-to attract general business to its media audience composed primarily of terminal subscribers. bought a weekly business magazine, BusinessWeek, from McGraw-Hill in 2009. Bloomberg Businessweek (formerly BusinessWeek) īloomberg L.P. The station was converted into an all-news format, known as Bloomberg Radio, and the call letters were changed to WBBR. purchased New York Radio station WNEW for $13.5 million. On August 13, 2019, Bloomberg acquired RegTek.Solutions in a move to expand its suite of regulatory reporting and data management services. acquired RTS Realtime Systems, a global provider of low-latency connectivity and trading support services.
has made several acquisitions including the radio station WNEW, BusinessWeek magazine, research company New Energy Finance, the Bureau of National Affairs and the financial software company Bloomberg PolarLake.
Chief Executive: Michael Bloomberg (since December 2014).Chairman: Peter Grauer (since March 2001).In June 2019, Bloomberg extended its parental leave policy for primary caregivers from 18 to 26 weeks. At that point, it was announced that Michael Bloomberg would be taking the reins of his eponymous market data company from Doctoroff, who was chief executive of Bloomberg for the past six years after his term as deputy mayor. In 2008, Fenwick became the CEO of Bloomberg Ventures, a new venture capital division and Daniel Doctoroff, former deputy mayor in the Bloomberg administration, was named president and CEO, serving until September 2014. in 2012, Peter Grauer became the chairman of the company, a role he still holds.
To run for the position of Mayor of New York against Democrat Mark Green in 2001, Bloomberg gave up his position of CEO and appointed Lex Fenwick as CEO in his stead. has remained a private company since its founding the majority of which is owned by billionaire Michael Bloomberg. In 2008, facing losses during the financial crisis, Merrill Lynch agreed to sell its remaining 20 percent stake in the company back to Bloomberg Inc., majority-owned by Michael Bloomberg, for a reported $4.43 billion, valuing Bloomberg L.P. In late 1996, Bloomberg bought back one-third of Merrill Lynch's 30 percent stake in the company for $200 million, valuing the company at $2 billion. was first established on September 29, 1993, as a financial portal with information on markets, currency conversion, news and events, and Bloomberg Terminal subscriptions. Bloomberg launched Bloomberg Business News, later Bloomberg News, in 1990, with Matthew Winkler as editor-in-chief. In 1986, the company renamed itself Bloomberg L.P. Merrill Lynch released IMS from this restriction in 1984. Merrill Lynch became the first customer, purchasing 20 terminals and a 30% equity stake in the company for $30 million in exchange for a five-year restriction on marketing the terminal to Merrill Lynch's competitors. The Market Master terminal, later called the Bloomberg Terminal, was released to market in December 1982. Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. Bloomberg, having designed in-house computerized financial systems for Salomon, used his $10 million partnership buyout to start Innovative Market Systems (IMS). In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a $10 million partnership settlement. Board of Governors of the Federal Reserveīloomberg Terminal at London City Airport 6.1 Turner Construction and Bloomberg LP construction scandal.3.2 Bloomberg Businessweek (formerly BusinessWeek).