• Los Angeles Times, Thursday, February 5, 2009 9:45 AM

Financial news network Bloomberg Television pulled the plug on its "Night Talk" program and said goodbye to longtime anchor Mike Schneider, whose final program was Monday.

Additional staff cuts and TV programming changes are expected as part of a restructuring of Bloomberg News' multimedia group, which includes Bloomberg Television and Bloomberg Radio. Bloomberg News has expanded aggressively in recent years and until now has avoided the cutbacks that have plagued other news organizations.

Four months ago, Andrew Lack, a former NBC and CBS executive, was hired to manage Bloomberg TV and radio and shake up the operations. Bloomberg Television operates 24 hours a day and has channels in 11 countries, but some company executives believe that its networks lack cohesion and do not make full use of its reporters in 143 bureaus around the world. Privately held Bloomberg News generates $6 billion a year in revenue.

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