Bloomberg to cut 100 U.S. broadcast jobs

February 4, 2009 by · Leave a Comment
Filed under: Stock Market News 

Looks like no one is safe from this crisis.   We should continue to see more layoffs as this “soft depression” continues.  We run majors risks as we continue to have more and more able and unemployed people.  The masses will get restless unless we start addressing the core of the problem, which is the lack of jobs in sustainable areas of the economy which I would emphasize should be production jobs.  We need to be able to produce for ourselves at all times no matter what or we are subject to others countries policies which may or may not have our best interest at heart.  Real talk.

News:

 Bloomberg LP will cut 100 television and radio jobs in the first layoffs since it was founded in 1981 by now-New York Mayor Michael Bloomberg.

The news and financial data provider will cut the jobs in the United States, 45 of them from its newsroom staff, spokeswoman Judith Czelusniak said, adding that Bloomberg might cut other jobs in Britain, Europe and Japan.

“It is a restructuring really needed in order to make programming changes and a network that really leverages our global bureau system and infrastructure,” Czelusniak said.

 

Multimedia operations, which include broadcast, are overseen by former NBC television executive Andrew Lack. Lack took over last year from Matt Winkler, who founded Bloomberg’s news operation and still heads the news group.

 

The Los Angeles Times reported the job cuts on its website on Tuesday evening. They come shortly after the departure of Bloomberg Television Managing Editor John Meehan.

 

The cuts include canceling the “Night Talk” TV show with host Mike Schneider.

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