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Bloomberg Media boss resigns to launch new media

2022-01-04T19:20:26.793Z


As editor-in-chief, Justin Smith has hired New York Times media columnist Ben Smith. This is news that will cause a stir in the press across the Atlantic. Bloomberg Media CEO Justin Smith announced his resignation on Tuesday in order to found a new media outlet for English-speaking and international readership. "I am leaving Bloomberg to pursue a personal dream as well as a market opportunity , " Justin Smith summed up on Twitter. See also Coup de grace for press freedom in Hong


This is news that will cause a stir in the press across the Atlantic.

Bloomberg Media

CEO

Justin Smith announced his resignation on Tuesday in order to found a new media outlet for English-speaking and international readership.

"I am leaving Bloomberg to pursue a personal dream as well as a market opportunity

,

"

Justin Smith summed up on Twitter.

See also Coup de grace for press freedom in Hong Kong

In the wake of the announcement, Michael Bloomberg, founder of financial information conglomerate Bloomberg LP, reacted to the departure:

“During his years at the helm of Bloomberg Media, Justin and his teams have achieved exceptional results, thanks to in particular to the various product innovations. 2021 was the culmination of all-time performance for Bloomberg Media, ”

he said.

Scott Havens, Chief Growth Officer of Bloomberg Media and Global Head of Strategic Partnerships, is appointed new CEO.

In recent years, he has been the architect of Bloomberg Media's premium strategy, which today has more than 350,000 subscribers at a rate of $ 400 per year.

In order to facilitate the transition, Justin Smith will remain mobilized as advisor to Bloomberg Media for the coming months.

Ben Smith as Editor-in-Chief

To lead the editorial staff of his future media outlet, Justin Smith hired

New York Times

media columnist

Ben Smith, former editor-in-chief of

BuzzFeed News.

During his months at the New York Times, Ben Smith revealed several major cases such as the trafficking of Ozy Media's financial accounts or the sexual harassment scandal accused of the former editor of the German newspaper

Bild

, Julian Reichelt. .

"I can't wait,

" Ben Smith exclaimed on his Twitter account Tuesday, commenting on the NYT article chronicling his career change.

Developed under the provisional name of

"Project Coda"

, the new entity launched by Justin Smith should offer an online site, newsletters sent by email, podcasts, but also a video platform, according to information from the Wall Street Journal.

For now, the investment in the creation of this new medium, its launch date and the size of its editorial staff are not known.

But he is targeting an international audience.

Justin Smith often speaks of a market of 200 million English-speaking CSP + living around the world.

And he is betting that they are more alike than they resemble their fellow citizens,

David Bradley, president of The Atlantic and former boss of Justin Smith

, told The

Wall Street Journal

.

Source: lefigaro

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