Who founded Bloomberg News and when was it established?
Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990. It launched as Bloomberg Business News with a team of six people, originally to deliver financial news to Bloomberg Terminal subscribers.
Why did Bloomberg News face controversy over its China coverage in 2012?
Bloomberg News published an investigative series called "Revolution to Riches" in 2012 that examined the family wealth of Chinese leader Xi Jinping. After publication, the Chinese government blocked Bloomberg's website, ordered state enterprises to cancel subscriptions, and denied visas to Bloomberg journalists. The following year, Bloomberg killed a follow-up investigation, which multiple employees said was done to protect the company's business interests in China.
What happened to Bloomberg News when Michael Bloomberg ran for president in 2019?
When Michael Bloomberg announced his presidential campaign in November 2019, editor-in-chief John Micklethwait ordered staff not to investigate Bloomberg or other Democratic candidates, while investigations of Donald Trump would continue. The Houston Chronicle dropped Bloomberg as a source for 2020 campaign coverage in response. Bloomberg suspended his campaign on the 4th of March 2020.
How large did Bloomberg News grow from its original six-person team?
Bloomberg News grew from six people at its 1990 founding to more than 2,300 editors and reporters by 2010, operating across 72 countries and 146 news bureaus worldwide.
What fine did Bloomberg News receive for publishing a hoax press release about Vinci SA?
France's financial markets regulator, the Autorité des marchés financiers, fined Bloomberg 5 million euros in 2019 for publishing a fraudulent press release attributed to French construction company Vinci SA. An appeals court reduced the fine to 3 million euros in 2021. The false report had briefly caused Vinci's stock to fall by 18%.
Who has served as editor-in-chief of Bloomberg News?
Matthew Winkler was the first editor-in-chief of Bloomberg News, serving from its 1990 founding. John Micklethwait succeeded him in 2015 and has held the role since.