Bloomberg hires new multimedia chief executive

The New York Times reported today that Bloomberg L.P. has appointed Andrew R. Lack, former president of NBC news, as its new multimedia chief executive.

Mr. Lack said on Tuesday, “Plain and simple, this was all about getting back to something I love, news.” He said he had been impressed by the resources of Bloomberg, especially at a time when other news outlets were contracting.

The move comes just a few months after Bloomberg announced it would divide up its business, separating the news, data and financial products.
Bloomberg’s TV news channel, which falls under its multimedia group, is broadcast into 250 million homes worldwide.

To read more, click here.