The Rise Of Bloomberg News (The Atlantic)

The decline in resources at metropolitan dailies, cutbacks in network television news, and the dominance of polemic over substance on the cable channels make this era unnerving to news traditionalists. The ascendancy of Bloomberg and Thomson Reuters does not offset the rest of the industry’s problems, but it does reflect substantial investment and the prospect of profits from information that goes well beyond the masses of data that were the mainstays on the legendary Bloomberg software and the Reuters and Dow Jones runners up.

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