Bloomberg L.P.

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Bloomberg L.P. is a financial news service founded by Michael Bloomberg in 1981. It provides financial news and data to financial companies and organizations in virtually every country in the world through the Bloomberg Terminal, its core money-generating product. Bloomberg L.P. has grown to include a global news service, including television, radio, the Internet and publications.

It was incorporated as a Delaware Limited Partnership (LP) in 1981 and has been in business since 1983. Michael Bloomberg owns 72% of the group and receives an 84.55% share of the profits, and claims credit for the same portion of its charitable giving. Bloomberg's core business is leasing terminals to subscribers. It also runs Bloomberg Television, the leading financial TV station. Forbes Magazine estimated, in 2000, Bloomberg's cash flow margins on its $2.3 billion in revenues exceed 35%, and Bloomberg has more than 100,000 users in North America, and another 130,000 in the rest of the world. Its competitors include Reuters and Dow Jones Newswires.

Corporate governance

As of March 2001, members of the board of directors of Bloomberg include: Peter Grauer, Arthur Levitt, Jane Bryant Quinn, Frank Savage, and Thomas Secunda ^[link]

External links

Television

SHAJI

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