Bloomberg and Thompson Reuters are flourishing in an age when other news organizations are floundering because "both have financial services at their center," writes Lucia Moses. "News is a core part of their offerings, but it is their subscription-based businesses and financial intelligence that contribute the bulk of their revenue..."
That financial base, while it allows both companies to hire "A-list journalists" -- and consider acquiring the likes of TheNew York Times (Bloomberg) and The Financial Times (Reuters) -- also raises "some thorny questions about the future of journalism," according to Moses. For one: each companies news content "is made up of stories geared to making, as one critic puts it, 'a handful of people even richer.'"
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