Newsonomics: Bloomberg’s Justin Smith is Investing in News When Everyone Else is Cutting

“Bloomberg” is a Rorschach test of a word.

For many, it represents the unique New York City politician whose presidential flirtations reshuffled our politics for a time. For some, it’s his immense wealth and the places — both philanthropic and political — it flows. Then there’s “the Bloomberg,” the business news terminal that built Michael Bloomberg’s company and fortune, and which remains a cash cow today.

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