Goodby L.A. Times, hello Bloomberg. The Washington Post and Bloomberg News have struck a wide-ranging partnership that includes a joint news service, a combined online page of business news and
the transmission of Post stories on Bloomberg's financial terminals.
It is a more ambitious alliance than The Post's news service with the Los Angeles Times, which will be ending soon
after 47 years. Called the Washington Post News Service with Bloomberg News, the new service will compete among the existing 600 subscribers with the McClatchy-Tribune service, which will now
include Los Angeles Times stories.
For the Post, a key advantage of the Bloomberg alliance is access to the 300,000 high-income corporate executives and market traders who rely on
Bloomberg terminals for real-time data. The partnership comes months after The Post cuts costs by folding its business section into the newspaper's main news section.
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