Who started Bloomberg News? The answer to this question takes us back to the early 1980s when Michael Bloomberg, a former Wall Street trader, embarked on a mission to revolutionize financial news and information. Today, Bloomberg News stands as one of the most respected and influential news organizations in the world, providing real-time data, analysis, and news to millions of professionals across various industries.
Michael Bloomberg, born on February 14, 1942, in Boston, Massachusetts, had a passion for business and finance from a young age. After earning his undergraduate degree in electrical engineering from Johns Hopkins University and his MBA from Harvard Business School, he joined Salomon Brothers, a leading Wall Street investment bank. His career took off when he was promoted to head the company’s municipal bond trading desk in 1973.
However, in 1981, Bloomberg left Salomon Brothers to start his own company, Bloomberg LP. The idea behind the company was to create a real-time financial information system that would provide traders and financial professionals with the most up-to-date data and news. This vision led to the development of the Bloomberg Terminal, a powerful and innovative tool that would become the cornerstone of Bloomberg News.
In 1984, Bloomberg LP launched the Bloomberg Terminal, which quickly gained popularity among Wall Street traders and financial professionals. The success of the Terminal allowed Bloomberg to expand his business and in 1987, he launched Bloomberg Television, followed by Bloomberg Radio in 1990. These media outlets were designed to complement the Bloomberg Terminal and provide a comprehensive source of financial news and information.
The next major step in the evolution of Bloomberg News came in 1990 when the company launched its first newspaper, Bloomberg Businessweek. The publication aimed to provide in-depth analysis and commentary on business, finance, and economics. Over the years, Bloomberg has expanded its newspaper portfolio to include Bloomberg Markets, Bloomberg Business, and Bloomberg Wealth.
In 1992, Bloomberg LP launched Bloomberg News, a 24-hour news service that would become the backbone of the company’s media operations. The service was initially focused on financial news but has since expanded to cover a wide range of topics, including politics, technology, healthcare, and more. Today, Bloomberg News is available in multiple languages and reaches millions of readers and viewers worldwide.
Michael Bloomberg’s vision and dedication have played a crucial role in the success of Bloomberg News. Under his leadership, the company has become a global powerhouse in the media industry, providing valuable news and information to professionals and the public alike. So, the answer to the question “Who started Bloomberg News?” is none other than Michael Bloomberg, a man who has left an indelible mark on the world of financial news and information.
