Bloomberg LP is trying -- but not succeeding -- to be "the Mayor of All Media," according to this post's headline.
"In a way, Bloomberg LP is like Google: It has one wildly
successful business model (selling data to banks in the case of Bloomberg; search in the case of Google)," writes Gabriel Sherman. "Efforts to expand beyond the core business of leasing terminals to
financial firms have failed to produce similar results."
For example, Bloomberg Businessweek, while a critical success, is still bleeding red ink (to the tune of a projected $18
mlllion this year). Sherman analyzes the office politics and personalities behind the company's challenges.
Read the whole story at New York magazine »