Hours after Bloomberg LP cut roughly 80 staffers, its editor in chief—John Micklethwait—sent out a memo attempting to explain the future of the company. The note was entirely too long, and so here’s a summary: Bloomberg is ditching the idea of being a general news site and instead focus on bankers and financial news.
Micklethwait wrote that the sports and education coverage is no more, because “people don’t turn to us first for news on schools or baseball.”
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