Thursday, 18 May 2017

BLOOMBERG

Bloomberg L.P. is a privately held financial software, data, and media company headquartered in Midtown Manhattan, New York City. Bloomberg L.P. was founded by Michael Bloomberg in 1981 with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar,[7] and a 30% ownership investment by Merrill Lynch.[8]

Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product.[9] Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), digital websites, a radio station (WBBR), subscription-only newsletters, and three magazines: Bloomberg Businessweek, Bloomberg Markets, and Bloomberg Pursuits.[10] In 2014, Bloomberg L.P. launched Bloomberg Politics, a multiplatform media property that merged the company's political news teams, and has recruited two veteran political journalists, Mark Halperin and John Heilemann, to run it.[11]


History[edit]

Bloomberg Terminal at London City Airport
In 1981, Salomon Brothers was acquired, and Michael Bloomberg, a general partner, was given a $10 million partnership settlement.[12] Bloomberg, having designed in-house computerized financial systems for Salomon, used his $10 million severance check to start Innovative Market Systems (IMS).[13] Bloomberg developed and built his own computerized system to provide real-time market data, financial calculations and other financial analytics to Wall Street firms. In 1983, Merrill Lynch invested $30 million in IMS to help finance the development of "the Bloomberg" terminal computer system and by 1984, IMS was selling machines to all of Merrill Lynch's clients.[13]

In 1986, the company was renamed Bloomberg L.P., and 5,000 terminals had been installed in subscribers' offices.[14] Within a few years, ancillary products including Bloomberg Tradebook (a trading platform), the Bloomberg Messaging Service, and the Bloomberg newswire were launched. Bloomberg launched its news services division in 1990. Bloomberg.com was first established on September 29, 1993 as a financial portal with information on markets, currency conversion, news and events, and Bloomberg Terminal subscriptions.[15]

In late 1996, Bloomberg bought back one-third of Merrill Lynch's 30 percent stake in the company for $200 million, valuing the company at $2 billion. In 2008, facing losses during the financial crisis, Merrill Lynch agreed to sell its remaining 20 percent stake in the company back to Bloomberg Inc.,[16] majority-owned by Michael Bloomberg,[17] for a reported $4.43 billion, valuing Bloomberg L.P. at approximately $22.5 billion.[18][19]

Bloomberg L.P. has remained a private company since its founding; the majority of which is owned by Michael Bloomberg.[18] To run for the position of Mayor of New York against Democrat Mark Green in 2001, Bloomberg gave up his position of CEO and appointed Lex Fenwick as CEO in his stead.[20] Peter Grauer is the chairman.[21] In 2008, Fenwick became the CEO of Bloomberg Ventures, a new venture capital division. Daniel Doctoroff, former deputy mayor in the Bloomberg administration, now serves as president and CEO.[22] In September 2014 it was announced that Michael Bloomberg would be taking the reins of his eponymous market data company from Doctoroff, who was chief executive of Bloomberg for the past six years after his term as deputy mayor.[23]

In September 2014, Bloomberg sold its Bloomberg Sports analysis division to the data analysis firm STATS LLC for a fee rumored to be between $15 million and $20 million.[24]

Acquisitions[edit]
Since its founding, Bloomberg L.P. has made several acquisitions including the radio station WNEW, BusinessWeek magazine, research company New Energy Finance, the Bureau of National Affairs and the financial software company Bloomberg PolarLake. On July 9, 2014, Bloomberg L.P. acquired RTS Realtime Systems, a global provider of low-latency connectivity and trading support services.[25]

WNEW[edit]
In 1992, Bloomberg L.P. purchased New York Radio station WNEW for $13.5 million. The station was converted into an all-news format, known as Bloomberg Radio, and the call letters were changed to WBBR.[26]

BusinessWeek[edit]
Bloomberg L.P. bought a weekly business magazine, BusinessWeek, from McGraw-Hill in 2009. The company acquired the magazine—which was suffering from declining advertising revenue and limited circulation numbers—to attract general business to its media audience composed primarily of terminal subscribers.[27] Following the acquisition, BusinessWeek was renamed Bloomberg Businessweek. Ellen Pollok edits the magazine.

Eagle Eye Publishing[edit]
In 2010, Bloomberg L.P acquired Eagle Eye Publishing, a Fairfax, VA-based company that publishes data about procurement by the Federal Government. This acquisition became part of Bloomberg Government which was launched in early 2011.

New Energy Finance[edit]
In 2009, Bloomberg L.P. purchased New Energy Finance, a data company focused on energy investment and carbon markets research based in the United Kingdom.[28] New Energy Finance was created by Michael Liebreich in 2004 to provide news, data and analysis on carbon and clean energy markets. Bloomberg L.P. acquired the company to become an industry resource for information to support low-carbon energy solutions. Liebreich continued to lead the company, serving as the chief executive officer[29] until 2014, when he stepped down as CEO but remained involved as Chairman of the Advisory Board.[30]

Bureau of National Affairs (BNA)[edit]
Bloomberg L.P. purchased Arlington, Virginia-based Bureau of National Affairs in August 2011 for $990 million to bolster its existing Bloomberg Government and Bloomberg Law services.[31] BNA publishes specialized online and print news and information for professionals in business and government. The company produces more than 350 news publications in topic areas that include corporate law and business, employee benefits, employment and labor law, environment, health and safety, health care, human resources, intellectual property, litigation, and tax and accounting.[32]

Bloomberg PolarLake[edit]
In May 2012, Bloomberg LP acquired Dublin-based software provider PolarLake and launched a new enterprise data management (EDM) service to help companies acquire, manage and distribute data across their organizations.[33]

Barclays indices business[edit]
On 16 December 2015 it was announced that Barclays had agreed to sell its index business, Barclays Risk Analytics and Index Solutions Ltd (BRAIS), to Bloomberg L.P. for £520 million, or about $787 million.[34] The company will be renamed Bloomberg Index Services Limited.

Products and services[edit]
Bloomberg Professional Service[edit]
In 2011, sales from the Bloomberg Professional Service, also known as the Bloomberg terminal, accounted for more than 85 percent of Bloomberg L.P.'s annual revenue.[35] The financial data vendor's proprietary computer system, starting at $24,000 per user per year,[36] allows subscribers to access the Bloomberg Professional service to monitor and analyze real-time financial data, search financial news, obtain price quotes and send electronic messages through the Bloomberg Messaging Service. The Terminal covers both public and private markets globally.[37]

Bloomberg News[edit]
Bloomberg News was co-founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg terminal subscribers. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries.[38] Content produced by Bloomberg News is disseminated through the Bloomberg terminal, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets and Bloomberg.com. Co-founder Matthew Winkler still serves as editor-in-chief.[38]

Bloomberg Radio[edit]
Main article: Bloomberg Radio
Bloomberg Television[edit]
Bloomberg Television, a service of Bloomberg News, is a 24-hour financial news television network. It was introduced in 1994 as a subscription service transmitted on satellite television provider DirecTV, 13 hours a day, 7 days a week.[39] Soon after, the network entered the cable television market and by 2000, Bloomberg's 24-hour news programming was being aired to 200 million households.[40] Justin B. Smith serves as CEO of Bloomberg Multimedia Group which includes Bloomberg Radio, Bloomberg Television and online components of Bloomberg's multimedia offerings.[41]

Bloomberg Markets[edit]
Bloomberg Markets is a monthly magazine launched in 1992 that provides in-depth coverage of global financial markets for finance professionals.[42] In 2010, the magazine was redesigned in an effort to update its readership beyond Bloomberg terminal users.[43] Michael Dukmejian has served as the magazine's publisher since 2009.[44]

Bloomberg Entity Exchange[edit]
Bloomberg Entity Exchange is a web-based, centralised and secure platform for buy side firms, sell side firms, corporations and insurance firms, banks or brokers to fulfill Know Your Customer (KYC) compliance requirements. It was launched on 25th May 2016.[45] [46]

Bloomberg Government[edit]
Launched in 2011, Bloomberg Government is an online service that provides news and information about politics, along legislative and regulatory coverage.[47] The service is sold via subscription for $5,700 a year and provides access to a database offering information such as campaign contributions breakdowns, analysis of federal contracting, directories of agency and congressional staff members and detailed analysis of legislation and regulation.[48]

Bloomberg Law[edit]
In 2009, Bloomberg L.P. introduced Bloomberg Law, a subscription service for real-time legal research.[49] A subscription to the service provides access to law dockets, legal filings, and reports from Bloomberg legal analysts as well as business news and information.[50]

Bloomberg View[edit]
Bloomberg View is an editorial division of Bloomberg News which launched in May 2011.[51]

Bloomberg View provides editorial content from columnists, authors and editors about news issues and is available for free on the company's website.[52] David Shipley, former Op-Ed page editor at The New York Times, serves as Bloomberg View's executive editor.[53]

Bloomberg Tradebook[edit]
Bloomberg Tradebook is an electronic agency brokerage for equity, futures, options and foreign exchange trades.[54] Its "buyside" services include access to trading algorithms, analytics and marketing insights, while its "sellside" services include connection to electronic trading networks and global trading capabilities.[55] Bloomberg Tradebook was founded in 1996 as an affiliate of Bloomberg L.P.[54]

Bloomberg Beta[edit]
Bloomberg Beta is a venture capital firm capitalized by Bloomberg L.P.[56] Founded in 2013, the $75 million fund is focused on investments in areas broadly of interest to Bloomberg L.P., and invests purely for financial return. It is headquartered in San Francisco.[57]

Bloomberg Innovation Index[edit]
The Bloomberg Innovation Index is an annual ranking of how innovative countries are. It is based on six criteria: research and development, manufacturing, high-tech companies, post-secondary education, research personnel, and patents.[58][59] Bloomberg uses data from the World Bank, the International Monetary Fund, the World Intellectual Property Organization, the United States Patent and Trademark Office, the OECD and UNESCO to compile the ranking.[60]

Open Bloomberg[edit]
Bloomberg has openly licensed its symbology system (Bloomberg Open Symbology, (BSYM)), and financial data API (Bloomberg Programming API, (BLPAPI)).[61]

Offices[edit]
Locations[edit]
Bloomberg L.P.'s headquarters is located in 731 Lexington Avenue (informally known as Bloomberg Tower) in Midtown Manhattan, New York City.[62] As of 2011, Bloomberg L.P. occupied 900,000 square feet (84,000 m2) of office space at the base of the tower. The company's New York offices also include 400,000 square feet (37,000 m2) located at 120 Park Avenue.[63] It maintains offices in more than 192 locations around the world.[4]

Corporate culture[edit]
The Bloomberg L.P. offices are non-hierarchical – even executives do not have private offices.[32] All employees sit at identical white desks each topped with a custom-built Bloomberg computer terminal. The office space also includes rows of flat-panel monitors overhead that display news, market data, the weather and Bloomberg customer service statistics.[64]

Leadership[edit]
Bloomberg L.P.'s Management Committee includes Michael Bloomberg, Peter Grauer, and Thomas Secunda.[65]

Litigation[edit]
EEOC v. Bloomberg L.P.[edit]
In September 2007, the Equal Employment Opportunity Commission filed a class-action lawsuit against Bloomberg L.P. on behalf of more than 80 female employees who argued that Bloomberg L.P. engaged in discrimination against women who took maternity leave.[66] In August 2011, Judge Loretta A. Preska of the Federal District Court in Manhattan dismissed the charges, writing that the Equal Employment Opportunity Commission did not present sufficient evidence to support their claim.[67]

In September 2013, Preska dismissed an EEOC lawsuit on behalf of 29 pregnant employees of Bloomberg L.P.[68] In addition, she dismissed pregnancy bias claims from five individual plaintiffs, and allowed part of the case from a sixth plaintiff to proceed.[69]

Bloomberg L.P. v. Board of Governors of the Federal Reserve[edit]
Bloomberg L.P. brought a lawsuit against the Board of Directors of the Federal Reserve System (Bloomberg L.P. v. Board of Governors of the Federal Reserve System) to force the Fed to share details about its lending programs during the U.S. Government bailout in 2008.[70] The records documented Federal Reserve loans issued to financial firms and revealed the identities of the firms, the amounts borrowed and the collateral posted in return.[71] Bloomberg L.P. won at the trial court level.[72] The Second Circuit Court ruled in favor of Bloomberg L.P. in March 2010, but the case was appealed to the Supreme Court by a group of large U.S. commercial banks in October. In March 2011, the Supreme Court let stand the Second Circuit Court ruling mandating the release of Fed bailout details.[73]

Bloomberg L.P. v. Bloomberg Ltd[edit]
On October 22, 2008, Bloomberg L.P. applied for a change of name of Bloomberg Ltd, under s.69(1)(b) of the Companies Act 2006. Bloomberg L.P. then amended its name to Bloomberg Finance Three L.P. Bloomberg Ltd was ordered at the Company Names Tribunal on May 11, 2009 to change its name so as to not have a name that would likely interfere, by similarity, with the goodwill of Bloomberg Finance Three L.P. as well as to pay costs.[74]

THE WALL STREET JOURNAL

The Wall Street Journal is an American business-focused, English-language international daily newspaper based in New York City. The Journal, along with its Asian and European editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online.

The Wall Street Journal is the largest newspaper in the United States by circulation. According to the Alliance for Audited Media, the Journal had a circulation of about 2.4 million copies (including nearly 900,000 digital subscriptions) as of March 2013,[2] compared with USA Today's 1.7 million.

The newspaper has won 40 Pulitzer Prizes through 2017[3] and derives its name from Wall Street in the heart of the Financial District of Lower Manhattan. The Journal has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser.

The Journal also publishes the luxury news and lifestyle magazine WSJ..

History[edit]
Beginnings[edit]

Front page of the first issue of The Wall Street Journal, July 8, 1889
The first products of Dow Jones & Company, the publisher of the Journal, were brief news bulletins, knick-named "flimsies," hand-delivered throughout the day to traders at the stock exchange in the early 1880s. They were later aggregated in a printed daily summary called the Customers' Afternoon Letter. Reporters Charles Dow, Edward Jones, and Charles Bergstresser converted this into The Wall Street Journal, which was published for the first time on July 8, 1889, and began delivery of the Dow Jones News Service via telegraph.[4] In 1896, The "Dow Jones Industrial Average" was officially launched. It was the first of several indices of stock and bond prices on the New York Stock Exchange. In 1899, the Journal's Review & Outlook column, which still runs today, appeared for the first time, initially written by Charles Dow.

Journalist Clarence Barron purchased control of the company for US$130,000 in 1902; circulation was then around 7,000 but climbed to 50,000 by the end of the 1920s. Barron and his predecessors were credited with creating an atmosphere of fearless, independent financial reporting—a novelty in the early days of business journalism. In 1921, Barron's, America's premier financial weekly, was founded.[5] Barron died in 1928, a year before Black Tuesday, the stock market crash that greatly affected the Great Depression in the United States. Barron's descendants, the Bancroft family, would continue to control the company until 2007.[5]

The Journal took its modern shape and prominence in the 1940s, a time of industrial expansion for the United States and its financial institutions in New York. Bernard Kilgore was named managing editor of the paper in 1941, and company CEO in 1945, eventually compiling a 25-year career as the head of the Journal. Kilgore was the architect of the paper's iconic front-page design, with its "What's News" digest, and its national distribution strategy, which brought the paper's circulation from 33,000 in 1941 to 1.1 million at the time of Kilgore's death in 1967. Under Kilgore, in 1947, that the paper won its first Pulitzer Prize, for William Henry Grimes's editorials.[5]

In 1967, Dow Jones Newswires began a major expansion outside of the United States that ultimately put journalists in every major financial center in Europe, Asia, Latin America, Australia, and Africa. In 1970, Dow Jones bought the Ottaway newspaper chain, which at the time comprised nine dailies and three Sunday newspapers. Later, the name was changed to "Dow Jones Local Media Group".[6]

1971 to 1997 brought about a series of launches, acquisitions, and joint ventures, including "Factiva", The Wall Street Journal Asia, The Wall Street Journal Europe, the WSJ.com website, Dow Jones Indexes, MarketWatch, and "WSJ Weekend Edition". In 2007 News Corp. acquired Dow Jones. WSJ., a luxury lifestyle magazine, was launched in 2008.[7]

Internet expansion[edit]
Further information: OpinionJournal.com
A complement to the print newspaper, The Wall Street Journal Online, was launched in 1996. In 2003, Dow Jones began to integrate reporting of the Journal's print and online subscribers together in Audit Bureau of Circulations statements.[8] In 2007, it was commonly believed to be the largest paid-subscription news site on the Web, with 980,000 paid subscribers.[5] Since then, online subscribership has fallen, due in part to rising subscription costs, and was reported at 400,000 in March 2010.[2] In May 2008, an annual subscription to the online edition of The Wall Street Journal cost $119 for those who do not have subscriptions to the print edition. By June 2013, the monthly cost for a subscription to the online edition was $22.99, or $275.88 annually, excluding introductory offers.[9]


Vladimir Putin with Journal correspondent Karen Elliott House in 2002
On November 30, 2004, Oasys Mobile and The Wall Street Journal released an app that would allow users to access content from the Wall Street Journal Online via their mobile phone. It "will provide up-to-the-minute business and financial news from the Online Journal, along with comprehensive market, stock and commodities data, plus personalized portfolio information—directly to a cell phone".[10]

Many of The Wall Street Journal news stories are available through free online newspapers that subscribe to the Dow Jones syndicate. Pulitzer Prize–winning stories from 1995 are available free on the Pulitzer[11] web site.

In September 2005, the Journal launched a weekend edition, delivered to all subscribers, which marked a return to Saturday publication after a lapse of some 50 years. The move was designed in part to attract more consumer advertising.[5]

In 2005, the Journal reported a readership profile of about 60 percent top management, an average income of $191,000, an average household net worth of $2.1 million, and an average age of 55.[12]

In 2007, the Journal launched a worldwide expansion of its website to include major foreign-language editions. The paper had also shown an interest in buying the rival Financial Times.[13]

Design changes[edit]
The nameplate is unique in having a period at the end.[14]

On September 5, 2006, the Journal included advertising on its front page for the first time. This followed the introduction of front-page advertising on the European and Asian editions in late 2005.[15]

After presenting nearly identical front-page layouts for half a century—always six columns, with the day's top stories in the first and sixth columns, "What's News" digest in the second and third, the "A-hed" feature story in the fourth (with 'hed' being jargon for headline) and themed weekly reports in the fifth column[16] – the paper in 2007 decreased its broadsheet width from 15 to 12 inches while keeping the length at 22 3⁄4 inches, to save newsprint costs. News design consultant Mario Garcia collaborated on the changes. Dow Jones said it would save US$18 million a year in newsprint costs across all The Wall Street Journal papers.[17] This move eliminated one column of print, pushing the "A-hed" out of its traditional location (though the paper now usually includes a quirky feature story on the right side of the front page, sandwiched among the lead stories).

The paper still uses ink dot drawings called hedcuts, introduced in 1979 and originally created by Kevin Sprouls,[18] in addition to photographs, a method of illustration considered a consistent visual signature of the paper. The Journal still heavily employs the use of caricatures, notably those of Ken Fallin, such as when Peggy Noonan memorialized then-recently deceased newsman Tim Russert.[19][20] The use of color photographs and graphics has become increasingly common in recent years with the addition of more "lifestyle" sections.

The daily was awarded by the Society for News Design World's Best Designed Newspaper award for 1994 and 1997.[21]

News Corporation and News Corp[edit]
On May 2, 2007, News Corporation made an unsolicited takeover bid for Dow Jones, offering US$60 a share for stock that had been selling for US$33 a share. The Bancroft family, which controlled more than 60% of the voting stock, at first rejected the offer, but later reconsidered its position.[22]

Three months later, on August 1, 2007, News Corporation and Dow Jones entered into a definitive merger agreement.[23] The US$5 billion sale added The Wall Street Journal to Rupert Murdoch's news empire, which already included Fox News Channel, financial network unit and London's The Times, and locally within New York, the New York Post, along with Fox flagship station WNYW (Channel 5) and MyNetworkTV flagship WWOR (Channel 9).[24]

On December 13, 2007, shareholders representing more than 60 percent of Dow Jones's voting stock approved the company's acquisition by News Corporation.[25]

In an editorial page column, publisher L. Gordon Crovitz said the Bancrofts and News Corporation had agreed that the Journal's news and opinion sections would preserve their editorial independence from their new corporate parent:[26]

A special committee was established to oversee the paper's editorial integrity. When the managing editor Marcus Brauchli resigned on April 22, 2008, the committee said that News Corporation had violated its agreement by not notifying the committee earlier. However, Brauchli said he believed that new owners should appoint their own editor.[27]

A 2007 Journal article quoted charges that Murdoch had made and broken similar promises in the past. One large shareholder commented that Murdoch has long "expressed his personal, political and business biases through his newspapers and television stations". Former Times assistant editor Fred Emery remembers an incident when "Mr. Murdoch called him into his office in March 1982 and said he was considering firing Times editor Harold Evans. Mr. Emery says he reminded Mr. Murdoch of his promise that editors couldn't be fired without the independent directors' approval. 'God, you don't take all that seriously, do you?' Mr. Murdoch answered, according to Mr. Emery." Murdoch eventually forced out Evans.[28]

In 2011, The Guardian found evidence that the Journal had artificially inflated its European sales numbers, by paying Executive Learning Partnership for purchasing 16% of European sales. These inflated sales numbers then enabled the Journal to charge similarly inflated advertising rates, as the advertisers would think that they reached more readers than they actually did. In addition, the Journal agreed to run "articles" featuring Executive Learning Partnership, presented as news, but effectively advertising.[29] The case came to light after a Belgian Wall Street Journal employee, Gert Van Mol, informed Dow Jones CEO Les Hinton about the questionable practice.[30] As a result, the then Wall Street Journal Europe CEO and Publisher Andrew Langhoff was fired after it was found out he personally pressured journalists into covering one of the newspaper's business partners involved in the issue.[31][32] Since September 2011 all the online articles that resulted from the ethical wrongdoing carry a Wall Street Journal disclaimer informing the readers about the circumstances in which they were created.

The Journal, along with its parent Dow Jones & Company, was among the businesses News Corporation spun off in 2013 as the new News Corp. In November 2016, in an effort to cut costs, the Journal's editor-in-chief, Gerard Baker, announced that layoffs and consolidation to its sections would take place. In the memo, the new format for the newspaper will have a "Business & Finance" section that will combine its current "Business & Tech" and "Money & Investing" sections. It will also include a new "Life & Arts" section that will combine its current "Personal Journal" and "Arena" sections. In addition, the current "Greater New York" coverage will be reduced and will move into the main section of paper.[33]

Features[edit]
Since 1980, the Journal has been published in multiple sections. At one time, The Journal's page count averaged as much as 96 pages an issue,[citation needed] but with the industry-wide decline in advertising, the Journal in 2009–10 more typically published about 50 to 60 pages per issue. Regularly scheduled sections are:

Section One – every day; corporate news, as well as political and economic reporting and the opinion pages
Marketplace – Monday through Friday; coverage of health, technology, media, and marketing industries (the second section was launched June 23, 1980)
Money and Investing – every day; covers and analyzes international financial markets (the third section was launched October 3, 1988)
Personal Journal – published Tuesday through Thursday; covers personal investments, careers and cultural pursuits (the section was introduced April 9, 2002)
Off Duty – published Saturdays in WSJ Weekend; focuses on fashion, food, design, travel and gear/tech. The section was launched September 25, 2010.
Review – published Saturdays in WSJ Weekend; focuses on essays, commentary, reviews and ideas. The section was launched September 25, 2010.
Mansion – published Fridays; focuses on high-end real estate. The section was launched October 5, 2012.
WSJ Magazine – Launched in 2008 as a quarterly, this luxury magazine supplement distributed within the U.S., European and Asian editions of The Wall Street Journal grew to 12 issues per year in 2014.
In addition, several columnists contribute regular features to the Journal opinion page and OpinionJournal.com:

Weekdays – Best of the Web Today[34] by James Freeman
Monday – Americas by Mary O'Grady
Wednesday – Business World by Holman W. Jenkins Jr
Thursday – Wonder Land by Daniel Henninger
Friday – Potomac Watch by Kimberley Strassel
Weekend Edition – Rule of Law, The Weekend Interview (variety of authors), Declarations by Peggy Noonan
WSJ.[edit]
WSJ. is The Wall Street Journal's luxury lifestyle magazine. Its coverage spans art, fashion, entertainment, design, food, architecture, travel and more. Kristina O'Neill is Editor in Chief and Anthony Cenname is Publisher.

Launched as a quarterly in 2008, the magazine grew to 12 issues a year for 2014.[35] The magazine is distributed within the U.S. Weekend Edition of The Wall Street Journal newspaper (average paid print circulation is +2.2 million*), the European and Asian editions, and is available on WSJ.com. Each issue is also available throughout the month in The Wall Street Journal's iPad app.

Penélope Cruz, Carmelo Anthony, Woody Allen, Scarlett Johansson, Emilia Clarke, Daft Punk, and Gisele Bündchen have all been featured on the cover.

In 2012, the magazine launched its signature platform, The Innovator Awards. An extension of the November Innovators issue, the awards ceremony, held in New York City at Museum of Modern Art, honors visionaries across the fields of design, fashion, architecture, humanitarianism, art and technology. The 2013 winners were: Alice Waters (Humanitarianism); Daft Punk (Entertainment); David Adjaye (Architecture); Do Ho Su (Art); Nick D'Aloisio (Technology); Pat McGrath (Fashion); Thomas Woltz (Design).

In 2013, Adweek awarded WSJ.[36] "Hottest Lifestyle Magazine of the Year" for its annual Hot List.

U.S. Circulation: Each issue of WSJ. is inserted into the weekend edition of The Wall Street Journal, whose average paid circulation for the three months ending September 30, 2013 was 2,261,772 as reported to the Alliance for Audited Media (AAM).
Operations[edit]
The Wall Street Journal has a global news staff of more than 2,000 journalists in 85 news bureaus across 51 countries.[37][38] It has 26 printing plants.[37]

Recent milestones[edit]
WSJ Live became available on mobile devices, including iPad, in September 2011.[39]
WSJ Weekend, the weekend newspaper, expanded September 2010, with two new sections: "Off Duty" and "Review".
"Greater New York", a stand-alone, full color section dedicated to the New York metro area, launched April 2010.
The Wall Street Journal's San Francisco Bay Area Edition, which focuses on local news and events, launched on November 5, 2009, appearing locally each Thursday in the print Journal and every day on online at WSJ.com/SF.
WSJ Weekend, formerly called Saturday's Weekend Edition: September 2005.
Launch of Today's Journal, which included both the addition of Personal Journal and color capacity to the Journal: April 2002.
Friday Journal, formerly called First Weekend Journal: March 20, 1998.
WSJ.com launched in April 1996.
First three-section Journal: October 1988.
First two-section Journal: June 1980.
Editorial page and political stance[edit]
Further information: The Wall Street Journal Editorial Board
The Journal won its first two Pulitzer Prizes for editorial writing in 1947 and 1953. Subsequent Pulitzer Prizes have been awarded for editorial writing to Robert L. Bartley in 1980 and Joseph Rago in 2011; for criticism to Manuela Hoelterhoff in 1983 and Joe Morgenstern in 2005; and for commentary to Vermont Royster in 1984, Paul Gigot in 2000, Dorothy Rabinowitz in 2001, Bret Stephens in 2013, and Peggy Noonan in 2017.

Two summaries published in 1995 by the progressive blog Fairness and Accuracy in Reporting, and in 1996 by the Columbia Journalism Review[40] criticized the Journal's editorial page for inaccuracy during the 1980s and 1990s.

The Journal describes the history of its editorials:

They are united by the mantra "free markets and free people", the principles, if you will, marked in the watershed year of 1776 by Thomas Jefferson's Declaration of Independence and Adam Smith's Wealth of Nations. So over the past century and into the next, the Journal stands for free trade and sound money; against confiscatory taxation and the ukases of kings and other collectivists; and for individual autonomy against dictators, bullies and even the tempers of momentary majorities. If these principles sound unexceptionable in theory, applying them to current issues is often unfashionable and controversial.[citation needed]

Its historical position was much the same. As former editor William H. Grimes wrote in 1951:

On our editorial page we make no pretense of walking down the middle of the road. Our comments and interpretations are made from a definite point of view. We believe in the individual, in his wisdom and his decency. We oppose all infringements on individual rights, whether they stem from attempts at private monopoly, labor union monopoly or from an overgrowing government. People will say we are conservative or even reactionary. We are not much interested in labels but if we were to choose one, we would say we are radical. Just as radical as the Christian doctrine.[41]

Every Thanksgiving the editorial page prints two famous articles that have appeared there since 1961. The first is titled The Desolate Wilderness, and describes what the Pilgrims saw when they arrived at the Plymouth Colony. The second is titled And the Fair Land, and describes the bounty of America. It was written by a former editor, Vermont C. Royster, whose Christmas article In Hoc Anno Domini, has appeared every December 25 since 1949.

Economic views[edit]
During the Reagan administration, the newspaper's editorial page was particularly influential as the leading voice for supply-side economics. Under the editorship of Robert Bartley, it expounded at length on economic concepts such as the Laffer curve, and how a decrease in certain marginal tax rates and the capital gains tax could allegedly increase overall tax revenue by generating more economic activity.

In the economic argument of exchange rate regimes (one of the most divisive issues among economists), the Journal has a tendency to support fixed exchange rates over floating exchange rates. For example, the Journal was a major supporter of the Chinese yuan's peg to the dollar, and strongly disagreed with American politicians who criticized the Chinese government about the peg. It opposed China's move to let the yuan gradually float, arguing that the fixed rate benefited both the United States and China.

The Journal's views compare with those of the British publication The Economist, with its emphasis on free markets[citation needed]. However, the Journal demonstrates important distinctions from European business newspapers, most particularly in regard to the relative significance of, and causes of, the American budget deficit. (The Journal generally points to the lack of foreign growth, while business journals in Europe and Asia blame the low savings rate and concordant high borrowing rate in the United States).

Political stance[edit]
The Journal's editorial pages and columns, run separately from the news pages, are highly influential in American conservative circles. As editors of the editorial page, Vermont C. Royster (served 1958–1971) and Robert L. Bartley (served 1972–2000) were especially influential in providing a conservative interpretation of the news on a daily basis.[42] Some former The Wall Street Journal reporters have said that the paper has adopted a more conservative tone since Rupert Murdoch's purchase.[43]

The editorial board has long argued for a pro-business immigration policy. In a July 3, 1984 editorial, the board wrote: "If Washington still wants to 'do something' about immigration, we propose a five-word constitutional amendment: There shall be open borders." This stand on immigration reform places the Journal in contrast to most conservative activists, politicians, and media publications for example National Review and The Washington Times, who favor heightened restrictions on immigration.[44]

The Journal's editorial page has been seen as critical of many aspects of Barack Obama's presidency. In particular, it has been a prominent critic of the Affordable Care Act legislation passed in 2010 and has featured many opinion columns attacking various aspects of the bill.[45] The Journal's editorial page has also criticized the Obama administration's energy policies and foreign policy.[46][47][48]

The editorial board of The Wall Street Journal tends to reject widely held views on climate change—namely that it poses a major threat to human existence, is largely caused by fossil fuel emissions, and can be prevented through public policy. The Journal has even been seen as a forum for climate change skeptics,[49][50] publishing articles by scientists skeptical of the consensus position on climate change in its op-ed section, including several essays by Richard Lindzen of MIT.[51][52] Similarly, the Journal has been accused of refusing to publish opinions of scientists which present the mainstream view on climate change.[53] According to a 2016 analysis, 14% of the guest editorials presented the results of "mainstream climate science," while the majority did not. Also, none of 201 editorials published in the WSJ since 1997 concede that the burning of fossil fuels was causing climate change.[54] A 2015 study found The Wall Street Journal was the newspaper that was least likely to present negative effects of global warming among several newspapers. It was also the most likely to present negative economic framing when discussing climate change mitigation policies,[55] tending to taking the stance that the cost of such policies generally outweighs their benefit.

Bias in news pages[edit]
The Journal's editors stress the independence and impartiality of their reporters.[26]

In a 2004 study, Tim Groseclose and Jeff Milyo argue the Journal's news pages have a pro-liberal bias because they more often quote liberal think tanks. They calculated the ideological attitude of news reports in 20 media outlets by counting the frequency they cited particular think tanks and comparing that to the frequency that legislators cited the same think tanks. They found that the news reporting of The Journal was the most liberal (more liberal than NPR or The New York Times). The study did not factor in editorials.[56] Mark Liberman criticized the model used to calculate bias in the study and argued that the model unequally affected liberals and conservatives and that "..the model starts with a very peculiar assumption about the relationship between political opinion and the choice of authorities to cite." [The authors assume that] "think tank ideology [...] only matters to liberals."[57]

The company's planned and eventual acquisition by News Corp in 2007 led to significant media criticism and discussion[58] about whether the news pages would exhibit a rightward slant under Rupert Murdoch. An August 1 editorial responded to the questions by asserting that Murdoch intended to "maintain the values and integrity of the Journal."[59]

Notable stories and Pulitzer Prizes[edit]
The Journal has won more than 30 Pulitzer Prizes in its history. Staff journalists who led some of the newspaper's best-known coverage teams have later published books that summarized and extended their reporting.

1987: RJR Nabisco buyout[edit]
In 1987, a bidding war ensued between several financial firms for tobacco and food giant RJR Nabisco. Bryan Burrough and John Helyar documented the events in more than two dozen Journal articles. Burrough and Helyar later used these articles as the basis of a bestselling book, Barbarians at the Gate: The Fall of RJR Nabisco, which was turned into a film for HBO.[60]

1988: Insider trading[edit]
In the 1980s, then Journal reporter James B. Stewart brought national attention to the illegal practice of insider trading. He was awarded the Pulitzer Prize in explanatory journalism in 1988, which he shared with Daniel Hertzberg,[61] who went on to serve as the paper's senior deputy managing editor before resigning in 2009. Stewart expanded on this theme in his book, Den of Thieves.

1997: AIDS treatment[edit]
David Sanford, a Page One features editor who was infected with HIV in 1982 in a bathhouse, wrote a front-page personal account of how, with the assistance of improved treatments for HIV, he went from planning his death to planning his retirement.[62] He and six other reporters wrote about the new treatments, political and economic issues, and won the 1997 Pulitzer Prize for National Reporting about AIDS.[63]

2000: Enron[edit]
Jonathan Weil, a reporter at the Dallas bureau of The Wall Street Journal, is credited with first breaking the story of financial abuses at Enron in September 2000.[64] Rebecca Smith and John R. Emshwiller reported on the story regularly,[65] and wrote a book, 24 Days.

2001: 9/11[edit]
The Journal claims to have sent the first news report, on the Dow Jones wire, of a plane crashing into the World Trade Center on September 11, 2001.[66] Its headquarters, at One World Financial Center, was severely damaged by the collapse of the World Trade Center just across the street.[67] Top editors worried that they might miss publishing the first issue for the first time in the paper's 112-year history. They relocated to a makeshift office at an editor's home, while sending most of the staff to Dow Jones's South Brunswick, N.J., corporate campus, where the paper had established emergency editorial facilities soon after the 1993 World Trade Center bombing. The paper was on the stands the next day, albeit in scaled-down form. Perhaps the most compelling story in that day's edition was a first-hand account of the Twin Towers' collapse written by then-Foreign Editor (and current Washington bureau chief) John Bussey,[67] who holed up in a ninth-floor Journal office, literally in the shadow of the towers, from where he phoned in live reports to CNBC as the towers burned. He narrowly escaped serious injury when the first tower collapsed, shattering all the windows in the Journal's offices and filling them with dust and debris. The Journal won a 2002 Pulitzer Prize in Breaking News Reporting for that day's stories.[68]

The Journal subsequently conducted a worldwide investigation of the causes and significance of 9/11, using contacts it had developed while covering business in the Arab world. In Kabul, Afghanistan, a reporter from The Wall Street Journal bought a pair of looted computers that Al Qaeda leaders had used to plan assassinations, chemical and biological attacks, and mundane daily activities. The encrypted files were decrypted and translated.[69] It was during this coverage that terrorists kidnapped and killed Journal reporter Daniel Pearl.

2007: Stock option scandal[edit]
In 2007, the paper won the Pulitzer Prize for Public Service, with its iconic Gold Medal,[70] for exposing companies that illegally backdate stock options they awarded executives to increase their value.

2008: Bear Stearns fall[edit]
Kate Kelly wrote a three-part series that detailed events that led to the collapse of Bear Stearns.

2010: McDonald's health care[edit]
A report[71] published on September 30, 2010 detailing allegations McDonald's had plans to drop health coverage for hourly employees drew criticism from McDonald's as well as the Obama administration. The WSJ reported the plan to drop coverage stemmed from new health care requirements under the Patient Protection and Affordable Care Act. McDonald's called the report "speculative and misleading," stating they had no plans to drop coverage.[72] The WSJ report and subsequent rebuttal received coverage from several other media outlets.[73][74][75]

2015: Malaysia Prime Minister Najib Razak and 1MDB[edit]
In 2015, A report[76] published by the Journal alleged that up to US$700 million was wired from 1MDB, a Malaysian state investment company, to the personal accounts of Malaysia Prime Minister Najib Razak in AmBank, the fifth largest lender in Malaysia. Razak responded by threatening to sue the New York-based newspaper.

The report prompted a few governmental agencies in Malaysia to conduct an investigation into the allegation.

2015–present: Theranos investigation[edit]
In 2015, a report written by the Journal's John Carreyrou alleged that blood testing company Theranos' technology was faulty and founder Elizabeth Holmes was misleading investors.[77][78][79] According to Vanity Fair, "a damning report published in The Wall Street Journal had alleged that the company was, in effect, a sham—that its vaunted core technology was actually faulty and that Theranos administered almost all of its blood tests using competitors' equipment."[78] The Journal has subsequently published several reports questioning Theranos' and Holmes' credibility.[80][81]

BBC NEWS

BBC News is an operational business division[1] of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage.[2][3] The service maintains 50 foreign news bureaux with more than 250 correspondents around the world.[4] James Harding has been Director of News and Current Affairs since April 2013.[5]

The department's annual budget is in excess of £350 million; it has 3,500 staff, 2,000 of whom are journalists.[2] BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in Millbank in London. Through the BBC English Regions, the BBC also has regional centres across England, as well as national news centres in Northern Ireland, Scotland and Wales. All nations and English regions produce their own local news programmes and other current affairs and sport programmes.

The BBC is a quasi-autonomous corporation authorised by Royal Charter, making it operationally independent of the government, who have no power to appoint or dismiss its director-general, and required to report impartially. As with all major media outlets, though, it has been accused of political bias from across the political spectrum, both within the UK and abroad.

History[edit]
Early years[edit]
This is London calling – 2LO calling. Here is the first general news bulletin, copyright by Reuters, Press Association, Exchange Telegraph and Central News.
— BBC news programme opening during the 1920s[6]
The British Broadcasting Company broadcast its first radio bulletin from radio station 2LO on 14 November 1922.[7] Wishing to avoid competition, newspaper publishers persuaded the government to ban the BBC from broadcasting news before 7 PM, and to force it to use wire service copy instead of reporting on its own.[6] On Easter weekend in 1930 (18 April), this reliance on newspaper wire services left the radio news service with no information to report after saying There is no news today. Piano music was played instead.[8] The BBC gradually gained the right to edit the copy and, in 1934, created its own news operation. However, it could not broadcast news before 6 PM until World War II.[6] Gaumont British and Movietone cinema newsreels had been broadcast on the TV service since 1936, with the BBC producing its own equivalent Television Newsreel programme from January 1948. A weekly Children's Newsreel was inaugurated on 23 April 1950, to around 350,000 receivers.[9] The network began simulcasting its radio news on television in 1946, with a still picture of Big Ben.[6] Televised bulletins began on 5 July 1954, broadcast from leased studios within Alexandra Palace in London.[10][not in citation given]

The public's interest in television and live events was stimulated by Elizabeth II's coronation in 1953. It is estimated that up to 27 million people[11] viewed the programme in the UK, overtaking radio's audience of 12 million for the first time.[12] Those live pictures were fed from 21 cameras in central London to Alexandra Palace for transmission, and then on to other UK transmitters opened in time for the event.[13] That year, there were around two million TV Licences held in the UK, rising to over three million the following year, and four and a half million by 1955.

1950s[edit]
Television news, although physically separate from its radio counterpart, was still firmly under radio news' control – correspondents provided reports for both outlets–and that first bulletin, shown on 5 July 1954 on the then BBC television service and presented by Richard Baker, involved his providing narration off-screen while stills were shown.[14] This was then followed by the customary Television Newsreel with a recorded commentary by John Snagge (and on other occasions by Andrew Timothy).

It was revealed that this had been due to producers fearing a newsreader with visible facial movements would distract the viewer from the story. On-screen newsreaders were finally introduced a year later in 1955 – Kenneth Kendall (the first to appear in vision), Robert Dougall, and Richard Baker–three weeks before ITN's launch on 21 September 1955.

Mainstream television production had started to move out of Alexandra Palace in 1950[15] to larger premises – mainly at Lime Grove Studios in Shepherd's Bush, west London – taking Current Affairs (then known as Talks Department) with it. It was from here that the first Panorama, a new documentary programme, was transmitted on 11 November 1953, with Richard Dimbleby becoming anchor in 1955.[16] On 18 February 1957, the topical early-evening programme Tonight, hosted by Cliff Michelmore and designed to fill the airtime provided by the abolition of the Toddlers' Truce, was broadcast from Marconi's Viking Studio in St Mary Abbott's Place, Kensington – with the programme moving into a Lime Grove studio in 1960, where it already maintained its production office.

On 28 October 1957, the Today programme, a morning radio programme, was launched in central London on the Home Service.[17]

In 1958, Hugh Carleton Greene became head of News and Current Affairs. He set up a BBC study group whose findings, published in 1959, were critical of what the television news operation had become under his predecessor, Tahu Hole. The report proposed that the head of television news should take control (away from radio), and that the television service should have a proper newsroom of its own, with an editor-of-the-day.[18]

1960s[edit]
On 1 January 1960, Greene became Director-General and brought about big changes at BBC Television and BBC Television News. BBC Television News had been created in 1955, in response to the founding of ITN. The changes made by Greene were aimed at making BBC reporting more similar to ITN which had been highly rated by study groups held by Greene.

A newsroom was created at Alexandra Palace, television reporters were recruited and given the opportunity to write and voice their own scripts–without the "impossible burden" of having to cover stories for radio too.[19]

In 1987, almost thirty years later, John Birt resurrected the practice of correspondents working for both TV and radio with the introduction of bi-media journalism,[20] and 2008 saw tri-media introduced across TV, radio, and online.

On 20 June 1960, Nan Winton, the first female BBC network newsreader, appeared in vision.[21] 19 September saw the start of the radio news and current affairs programme The Ten O'clock News.[22]

BBC2 started transmission on 20 April 1964, and with it came a new news programme for that channel, Newsroom.

The World at One, a lunchtime news programme, began on 4 October 1965 on the then Home Service, and the year before News Review had started on television. News Review was a summary of the week's news, first broadcast on Sunday, 26 April 1964[23] on BBC 2 and harking back to the weekly Newsreel Review of the Week, produced from 1951, to open programming on Sunday evenings–the difference being that this incarnation had subtitles for the deaf and hard-of-hearing. As this was the decade before electronic caption generation, each superimposition ("super") had to be produced on paper or card, synchronised manually to studio and news footage, committed to tape during the afternoon, and broadcast early evening. Thus Sundays were no longer a quiet day for news at Alexandra Palace. The programme ran until the 1980s[24] – by then using electronic captions, known as Anchor – to be superseded by Ceefax subtitling (a similar Teletext format), and the signing of such programmes as See Hear (from 1981).

On Sunday 17 September 1967, The World This Weekend, a weekly news and current affairs programme, launched on what was then Home Service, but soon-to-be Radio 4.

Preparations for colour began in the autumn of 1967 and on Thursday 7 March 1968 Newsroom on BBC2 moved to an early evening slot, becoming the first UK news programme to be transmitted in colour[25] – from Studio A at Alexandra Palace. News Review and Westminster (the latter a weekly review of Parliamentary happenings) were "colourised" shortly after.

However, much of the insert material was still in black and white, as initially only a part of the film coverage shot in and around London was on colour reversal film stock, and all regional and many international contributions were still in black and white. Colour facilities at Alexandra Palace were technically very limited for the next eighteen months, as it had only one RCA colour Quadruplex videotape machine and, eventually two Pye plumbicon colour telecines–although the news colour service started with just one.

Black and white national bulletins on BBC 1 continued to originate from Studio B on weekdays, along with Town and Around, the London regional "opt out" programme broadcast throughout the 1960s (and the BBC's first regional news programme for the South East), until it started to be replaced by Nationwide on Tuesday to Thursday from Lime Grove Studios early in September 1969. Town and Around was never to make the move to Television Centre – instead it became London This Week which aired on Mondays and Fridays only, from the new TVC studios.[26]

Television News moves to Television Centre[edit]

Television News moved to BBC Television Centre in September 1969.
The final news programme to come from Alexandra Palace was a late night news on BBC2 on Friday 19 September 1969 in colour. It was said that over this September weekend, it took 65 removal vans to transfer the contents of Alexandra Palace across London.[27] BBC Television News resumed operations the next day with a lunchtime bulletin on BBC1 – in black and white – from Television Centre, where it remained until March 2013.

This move to better technical facilities, but much smaller studios, allowed Newsroom and News Review to replace back projection with Colour-separation overlay. It also allowed all news output to be produced in PAL colour, ahead of the transition of BBC1 to colour from 15 November 1969 – and, like Alexandra Palace Studio A, these studios too were capable of operating in NTSC for the US, Canada, and Japan as the BBC occasionally provided facilities for overseas broadcasters. During the 1960s, satellite communication had become possible,[28] however colour field-store standards converters were still in their infancy in 1968,[29] and it was some years before digital line-store conversion was able to undertake the process seamlessly.[30]

1970s[edit]

Angela Rippon, pictured in 1983, became the first female news presenter in 1975.
On 14 September 1970, the first Nine O'Clock News was broadcast on television. Robert Dougall presented the first week from studio N1[31] – described by The Guardian[32] as "a sort of polystyrene padded cell"[33]—the bulletin having been moved from the earlier time of 20.50 as a response to the ratings achieved by ITN's News at Ten, introduced three years earlier on the rival ITV. Richard Baker and Kenneth Kendall presented subsequent weeks, thus echoing those first television bulletins of the mid-1950s.

Angela Rippon became the first female news presenter of the Nine O'Clock News in 1975. Her work outside the news was controversial at the time, appearing on The Morecambe and Wise Christmas Show in 1976 singing and dancing.[31]

The first edition of John Craven's Newsround, initially intended only as a short series and later renamed just Newsround, came from studio N3 on 4 April 1972.

Afternoon television news bulletins during the mid to late 1970s were broadcast from the BBC newsroom itself, rather than one of the three news studios. The newsreader would present to camera while sitting on the edge of a desk; behind him staff would be seen working busily at their desks. This period corresponded with when the Nine O'Clock News got its next makeover, and would use a CSO background of the newsroom from that very same camera each weekday evening.

Also in the mid-1970s, the late night news on BBC2 was briefly renamed Newsnight,[34] but this was not to last, or be the same programme as we know today – that would be launched in 1980 – and it soon reverted to being just a news summary with the early evening BBC2 news expanded to become Newsday.

News on radio was to change in the 1970s, and on Radio 4 in particular, brought about by the arrival of new editor Peter Woon from television news and the implementation of the Broadcasting in the Seventies report. These included the introduction of correspondents into news bulletins where previously only a newsreader would present, as well as the inclusion of content gathered in the preparation process. New programmes were also added to the daily schedule, PM and The World Tonight as part of the plan for the station to become a "wholly speech network".[32] Newsbeat launched as the news service on Radio 1 on 10 September 1973.[35]

On 23 September 1974, a teletext system which was launched to bring news content on television screens using text only was launched. Engineers originally began developing such a system to bring news to deaf viewers, but the system was expanded. The Ceefax service became much more diverse before it ceased on 23 October 2012: it not only had subtitling for all channels, it also gave information such as weather, flight times and film reviews.

By the end of the decade, the practice of shooting on film for inserts in news broadcasts was declining, with the introduction of ENG technology into the UK. The equipment would gradually become less cumbersome – the BBC's first attempts had been using a Philips colour camera with backpack base station and separate portable Sony U-matic recorder in the latter half of the decade.

1980s[edit]
By 1982, ENG technology had become sufficiently reliable for Bernard Hesketh to use an Ikegami camera to cover the Falklands War, coverage for which he won the "Royal Television Society Cameraman of the Year" award[36] and a BAFTA nomination[37] – the first time that BBC News had relied upon an electronic camera, rather than film, in a conflict zone. BBC News won the BAFTA for its actuality coverage,[38] however the event has become remembered in television terms for Brian Hanrahan's reporting where he coined the phrase "I'm not allowed to say how many planes joined the raid, but I counted them all out and I counted them all back"[39] to circumvent restrictions, and which has become cited as an example of good reporting under pressure.[40]

Two years earlier, the Iranian Embassy Siege had been shot electronically by the BBC Television News Outside broadcasting team, and the work of reporter Kate Adie, broadcasting live from Prince's Gate, was nominated for BAFTA actuality coverage, but this time beaten by ITN for the 1980 award.[41]

Newsnight, the news and current affairs programme, was due to go on air on 23 January 1980, although trade union disagreements meant that its launch from Lime Grove was postponed by a week.[20] On 27 August 1981 Moira Stuart became the first African Caribbean female newsreader to appear on British television.

The first BBC breakfast television programme, Breakfast Time also launched during the 1980s, on 17 January 1983 from Lime Grove Studio E and two weeks before its ITV rival TV-am. Frank Bough, Selina Scott, and Nick Ross helped to wake viewers with a relaxed style of presenting.[42]

The Six O'Clock News first aired on 3 September 1984, eventually becoming the most watched news programme in the UK (however, since 2006 it has been overtaken by the BBC News at Ten).

Starting in 1981, the BBC gave a common theme to its main news bulletins with new electronic titles–a set of computer animated "stripes" forming a circle[43] on a red background with a "BBC News" typescript appearing below the circle graphics, and a theme tune consisting of brass and keyboards. The Nine used a similar (striped) number 9. The red background was replaced by a blue from 1985 until 1987.

By 1987, the BBC had decided to re-brand its bulletins and established individual styles again for each one with differing titles and music, the weekend and holiday bulletins branded in a similar style to the Nine, although the "stripes" introduction continued to be used until 1989 on occasions where a news bulletin was screened out of the running order of the schedule.[44]

1990s[edit]

The combined newsroom for domestic television and radio was opened at Television Centre in West London in 1998.
During the 1990s, a wider range of services began to be offered by BBC News, with the split of BBC World Service Television to become BBC World (news and current affairs), and BBC Prime (light entertainment). Content for a 24-hour news channel was thus required, followed in 1997 with the launch of domestic equivalent BBC News 24. Rather than set bulletins, ongoing reports and coverage was needed to keep both channels functioning and meant a greater emphasis in budgeting for both was necessary. In 1998, after 66 years at Broadcasting House, the BBC Radio News operation moved to BBC Television Centre.[45]

New technology, provided by Silicon Graphics, came into use in 1993 for a re-launch of the main BBC 1 bulletins, creating a virtual set which appeared to be much larger than it was physically. The relaunch also brought all bulletins into the same style of set with only small changes in colouring, titles, and music to differentiate each. A computer generated glass sculpture of the BBC coat of arms was the centrepiece of the programme titles until the large scale corporate rebranding of news services in 1999.

In 1999, the biggest relaunch occurred, with BBC One bulletins, BBC World, BBC News 24, and BBC News Online all adopting a common style. One of the most significant changes was the gradual adoption of the corporate image by the BBC regional news programmes, giving a common style across local, national and international BBC television news. This also included Newyddion, the main news programme of Welsh language channel S4C, produced by BBC News Wales.

2000s[edit]
Following the relaunch of BBC News the previous year, regional headlines were included at the start of the BBC One news bulletins in 2000. The English regions did however lose five minutes at the end of their bulletins, due to a new headline round-up at 18:55. 2000 also saw the Nine O'Clock News moved to the later time of 22:00. This was in response to ITN who had just moved their popular News at Ten programme to 23:00. ITN briefly returned News at Ten but following poor ratings when head to head against the BBC's Ten O'Clock News, the ITN bulletin was moved to 22.30, where it remained until 14 January 2008.

The retirement of Peter Sissons and departure of Michael Buerk from the Ten O'Clock News led to changes in the BBC One bulletin presenting team on 20 January 2003. The Six O'Clock News became double headed with George Alagiah and Sophie Raworth after Huw Edwards and Fiona Bruce moved to present the Ten. At the time of the changes, a new set design featuring a projected background image of a fictional newsroom was introduced. New programme titles were introduced on 16 February 2004 to match those of BBC News 24.

BBC News 24 and BBC World introduced a new style of presentation in December 2003, that was slightly altered on 5 July 2004 to mark 50 years of BBC Television News.[46]

The individual positions of editor of the One and Six O'Clock News were replaced by a new daytime position in November 2005. Kevin Bakhurst became the first Controller of BBC News 24, replacing the position of editor. Amanda Farnsworth became daytime editor while Craig Oliver was later named editor of the Ten O'Clock News. The bulletins also began to be simulcast with News 24, as a way of pooling resources.

Bulletins received new titles and a new set design in May 2006, to allow for Breakfast to move into the main studio for the first time since 1997. The new set featured Barco videowall screens with a background of the London skyline used for main bulletins and originally an image of cirrus clouds against a blue sky for Breakfast. This was later replaced following viewer criticism.[47] The studio bore similarities with the ITN-produced ITV News in 2004, though ITN uses a CSO Virtual studio rather than the actual screens at BBC News. Also, May saw the launch of World News Today the first domestic bulletin focused principally on international news.

BBC News became part of a new BBC Journalism group in November 2006 as part of a restructuring of the BBC. The then-Director of BBC News, Helen Boaden reported to the then-Deputy Director-General and head of the journalism group, Mark Byford until he was made redundant in 2010.[48]

On 18 October 2007, Mark Thompson announced a six-year plan, Delivering Creative Future, merging the television current affairs department into a new "News Programmes" division.[49][50] Thompson's announcement, in response to a £2 billion shortfall in funding, would, he said, deliver "a smaller but fitter BBC" in the digital age, by cutting its payroll and, in 2013, selling the Television Centre.[51]

The various separate newsrooms for television, radio and online operations were merged into a single multimedia newsroom. Programme making within the newsrooms was brought together to form a multimedia programme making department. BBC World Service director Peter Horrocks said that the changes would achieve efficiency at a time of cost-cutting at the BBC. In his blog, he wrote that by using the same resources across the various broadcast media meant fewer stories could be covered, or by following more stories, there would be fewer ways to broadcast them.[52]

A new graphics and video playout system was introduced for production of television bulletins in January 2007. This coincided with a new structure to BBC World News bulletins, editors favouring a section devoted to analysing the news stories reported on.

The first new BBC News bulletin since the Six O'Clock News was announced in July 2007 following a successful trial in the Midlands.[53] The summary, lasting 90 seconds, has been broadcast at 20:00 on weekdays since December 2007 and bears similarities with 60 Seconds on BBC Three, but also includes headlines from the various BBC regions and a weather summary.

As part of a long-term cost cutting programme, bulletins were renamed the BBC News at One, Six and Ten respectively in April 2008 while BBC News 24 was renamed BBC News and moved into the same studio as the bulletins at BBC Television Centre.[54][55] BBC World was renamed BBC World News and regional news programmes were also updated with the new presentation style, designed by Lambie-Nairn.[56]

The studio moves also meant that Studio N9, previously used for BBC World, was closed, and operations moved to the previous studio of BBC News 24. Studio N9 was later refitted to match the new branding, and was used for the BBC's UK local elections and European elections coverage in early June 2009.

2010s[edit]

The new newsroom in Broadcasting House
A strategy review of the BBC in March 2010, confirmed that having "the best journalism in the world" would form one of five key editorial policies, as part of changes subject to public consultation and BBC Trust approval.[57]

After a period of suspension in late 2012, Helen Boaden ceased to be the Director of BBC News.[58] On 16 April 2013, incoming BBC Director-General Tony Hall named James Harding, a former editor of The Times of London newspaper as Director of News and Current Affairs.[5]

From August 2012 to March 2013, all news operations moved from Television Centre to new facilities in the refurbished and extended Broadcasting House, in Portland Place. The move began in October 2012, and also included the BBC World Service, which moved from Bush House following the expiry of the BBC's lease.[59] This new extension to the north and east, referred to as "New Broadcasting House", includes several new state-of-the-art radio and television studios centred around an 11-storey atrium.[60] The move began with the domestic programme The Andrew Marr Show on 2 September 2012, and concluded with the move of the BBC News channel and domestic news bulletins on 18 March 2013.[61][62][63] The newsroom houses all domestic bulletins and programmes on both television and radio, as well as the BBC World Service international radio networks and the BBC World News international television channel.

Broadcasting media[edit]
Television[edit]

BBC News helicopter in use over London
BBC News is responsible for the news programmes – and some documentary content – on the BBC's general television channels, as well as the news coverage on the BBC News Channel in the UK and 22 hours of programming for the corporation's BBC World News channel internationally. Coverage for BBC Parliament is carried out on behalf on the BBC at Millbank Studios though BBC News provides editorial and journalistic content. BBC News content is also output onto the BBC's digital interactive television services under the BBC Red Button brand, and until 2012, on the Ceefax teletext system.

The distinctive music on all BBC television news programmes was introduced in 1999 and composed by David Lowe. It was part of the extensive re-branding which commenced in 1999 and features the classic 'BBC Pips'. The general theme was used not only on bulletins on BBC One but News 24, BBC World and local news programmes in the BBC's Nations and Regions. Lowe was also responsible for the music on Radio One's Newsbeat. The theme has had several changes since 1999, the latest in March 2013.

The BBC Arabic Television news channel launched on 11 March 2008, a Persian-language channel followed on 14 January 2009, broadcasting from the Peel wing of Broadcasting House; both include news, analysis, interviews, sports and highly cultural programmes and are run by the BBC World Service and funded from a grant-in-aid from the British Foreign Office (and not the television licence).[64]

Radio[edit]
BBC Radio News produces bulletins for the BBC's national radio stations and provides content for local BBC radio stations via the General News Service (GNS), a BBC-internal[65] news distribution service. BBC News does not produce the BBC's regional news bulletins, which are produced individually by the BBC nations and regions themselves. The BBC World Service broadcasts to some 150 million people in English as well as 27 languages across the globe.[66] BBC Radio News is a patron of The Radio Academy.[67]

Online[edit]
Main article: BBC News Online
BBC News Online is the BBC's news website. Launched in November 1997, it is one of the most popular news websites in the UK, reaching over a quarter of the UK's internet users, and worldwide, with around 14 million global readers every month.[68] The website contains international news coverage as well as entertainment, sport, science, and political news.[69]

Many television and radio programmes are also available to view on the BBC iPlayer service. The BBC News channel is also available to view 24 hours a day, while video and radio clips are also available within online news articles.[70]

Opinions[edit]
Main articles: BBC controversies and Criticism of the BBC
Political and commercial independence[edit]
The BBC is required by its charter to be free from both political and commercial influence and answers only to its viewers and listeners. This political objectivity is sometimes questioned. For instance, The Daily Telegraph (3 August 2005) carried a letter from the KGB defector Oleg Gordievsky, referring to it as "The Red Service". Books have been written on the subject, including anti-BBC works like Truth Betrayed by W J West and The Truth Twisters by Richard Deacon.

The BBC's Editorial Guidelines on Politics and Public Policy state that whilst "the voices and opinions of opposition parties must be routinely aired and challenged", "the government of the day will often be the primary source of news".[71]

The BBC is regularly accused by the government of the day of bias in favour of the opposition and, by the opposition, of bias in favour of the government. Similarly, during times of war, the BBC is often accused by the UK government, or by strong supporters of British military campaigns, of being overly sympathetic to the view of the enemy. An edition of Newsnight at the start of the Falklands War in 1982 was described as "almost treasonable" by John Page, MP, who objected to Peter Snow saying "if we believe the British".[72]

During the first Gulf War, critics of the BBC took to using the satirical name "Baghdad Broadcasting Corporation".[73] During the Kosovo War, the BBC were labelled the "Belgrade Broadcasting Corporation" (suggesting favouritism towards the FR Yugoslavia government over ethnic Albanian rebels) by British ministers,[73] although Slobodan Milosević (then FRY president) claimed that the BBC's coverage had been biased against his nation.[74]

Conversely, some of those who style themselves anti-establishment in the United Kingdom or who oppose foreign wars have accused the BBC of pro-establishment bias or of refusing to give an outlet to "anti-war" voices. Following the 2003 invasion of Iraq a study, by the Cardiff University School of Journalism, of the reporting of the war, found that nine out of 10 references to weapons of mass destruction during the war assumed that Iraq possessed them, and only one in 10 questioned this assumption. It also found that out of the main British broadcasters covering the war the BBC was the most likely to use the British government and military as its source. It was also the least likely to use independent sources, like the Red Cross, who were more critical of the war. When it came to reporting Iraqi casualties the study found fewer reports on the BBC than on the other three main channels. The report's author, Justin Lewis, wrote "Far from revealing an anti-war BBC, our findings tend to give credence to those who criticised the BBC for being too sympathetic to the government in its war coverage. Either way, it is clear that the accusation of BBC anti-war bias fails to stand up to any serious or sustained analysis."[75]

Prominent BBC appointments are constantly assessed by the British media and political establishment for signs of political bias. The appointment of Greg Dyke as Director-General was highlighted by press sources because Dyke was a Labour Party member and former activist, as well as a friend of Tony Blair. The BBC's current Political Editor, Nick Robinson, was some years ago a chairman of the Young Conservatives and did, as a result, attract informal criticism from the former Labour government, but his predecessor Andrew Marr faced similar claims from the right because he was editor of The Independent, a liberal-leaning newspaper, before his appointment in 2000.

Mark Thompson, former Director-General of the BBC, admitted the organisation has been biased "towards the left" in the past. He said, "In the BBC I joined 30 years ago, there was, in much of current affairs, in terms of people's personal politics, which were quite vocal, a massive bias to the left".[76] He then added, "The organization did struggle then with impartiality. Now it is a completely different generation. There is much less overt tribalism among the young journalists who work for the BBC."

India[edit]
In 2008, the BBC was criticised by some for referring to the terrorists who carried out the November 2008 Mumbai attacks as "gunmen".[77][78] The response to this added to prior criticism from some Indian commentators suggesting that the BBC may have an Indophobic bias.[79] In March 2015, the BBC was criticised for airing a documentary interviewing one of the rapists in India. In spite of a ban ordered by the Indian High court, the BBC still aired the documentary.[80]

Hutton Inquiry[edit]
Main article: Hutton Inquiry
BBC News was at the centre of a political controversy following the 2003 invasion of Iraq. Three BBC News reports (Andrew Gilligan's on Today, Gavin Hewitt's on The Ten O'Clock News and another on Newsnight) quoted an anonymous source that stated the British government (particularly the Prime Minister's office) had embellished the September Dossier with misleading exaggerations of Iraq's weapons of mass destruction capabilities. The government denounced the reports and accused the corporation of poor journalism.

In subsequent weeks the corporation stood by the report, saying that it had a reliable source. Following intense media speculation, David Kelly was named in the press as the source for Gilligan's story on 9 July 2003. Kelly was found dead, by suicide, in a field close to his home early on 18 July. An inquiry led by Lord Hutton was announced by the British government the following day to investigate the circumstances leading to Kelly's death, concluding that "Dr. Kelly took his own life."[81]

In his report on 28 January 2004, Lord Hutton concluded that Gilligan's original accusation was "unfounded" and the BBC's editorial and management processes were "defective". In particular, it specifically criticised the chain of management that caused the BBC to defend its story. The BBC Director of News, Richard Sambrook, the report said, had accepted Gilligan's word that his story was accurate in spite of his notes being incomplete. Davies had then told the BBC Board of Governors that he was happy with the story and told the Prime Minister that a satisfactory internal inquiry had taken place. The Board of Governors, under the chairman's, Gavyn Davies, guidance, accepted that further investigation of the Government's complaints were unnecessary.

Because of the criticism in the Hutton report, Davies resigned on the day of publication. BBC News faced an important test, reporting on itself with the publication of the report, but by common consent (of the Board of Governors) managed this "independently, impartially and honestly".[82] Davies' resignation was followed by the resignation of Director General, Greg Dyke, the following day, and the resignation of Gilligan on 30 January. While undoubtedly a traumatic experience for the corporation, an ICM poll in April 2003 indicated that it had sustained its position as the best and most trusted provider of news.[83]

Israeli-Palestinian conflict[edit]
See also: Criticism of the BBC § Middle East and Israel, and Balen Report
The BBC has faced accusations of holding both anti-Israel and anti-Palestine bias.

Douglas Davis, the London correspondent of The Jerusalem Post, has described the BBC's coverage of the Arab–Israeli conflict as "a relentless, one-dimensional portrayal of Israel as a demonic, criminal state and Israelis as brutal oppressors [which] bears all the hallmarks of a concerted campaign of vilification that, wittingly or not, has the effect of delegitimising the Jewish state and pumping oxygen into a dark old European hatred that dared not speak its name for the past half-century.".[84] However two large independent studies, one conducted by Loughborough University and the other by Glasgow University's Media Group concluded that Israeli perspectives are given greater coverage.[85][86]

Critics of the BBC argue that the Balen Report proves systematic bias against Israel in headline news programming. Daily Mail and The Daily Telegraph criticised the BBC for spending hundreds of thousands of British tax payers' pounds from preventing the report being released to the public.[87][88][89]

Jeremy Bowen, the Middle East Editor for BBC world news, was singled out specifically for bias by the BBC Trust which concluded that he violated "BBC guidelines on accuracy and impartiality."[90]

An independent panel appointed by the BBC Trust was set up in 2006 to review the impartiality of the BBC's coverage of the Israeli–Palestinian conflict.[91] The panel's assessment was that "apart from individual lapses, there was little to suggest deliberate or systematic bias." While noting a "commitment to be fair accurate and impartial" and praising much of the BBC's coverage the independent panel concluded "that BBC output does not consistently give a full and fair account of the conflict. In some ways the picture is incomplete and, in that sense, misleading." It notes that, "the failure to convey adequately the disparity in the Israeli and Palestinian experience, [reflects] the fact that one side is in control and the other lives under occupation".

Writing in the Financial Times, Philip Stephens, one of the panellists, later accused the BBC's director-general, Mark Thompson, of misrepresenting the panel's conclusions. He further opined "My sense is that BBC news reporting has also lost a once iron-clad commitment to objectivity and a necessary respect for the democratic process. If I am right, the BBC, too, is lost".[92] Mark Thompson published a rebuttal in the FT the next day.[93]

The description by one BBC correspondent reporting on the funeral of Yassir Arafat that she had been left with tears in her eyes led to other questions of impartiality, particularly from Martin Walker[94] in a guest opinion piece in The Times, who picked out the apparent case of Fayad Abu Shamala, the BBC Arabic Service correspondent, who told a Hamas rally on 6 May 2001, that journalists in Gaza were "waging the campaign shoulder to shoulder together with the Palestinian people."[94]

Walker argues that the independent inquiry was flawed for two reasons. Firstly, because the time period over which it was conducted (August 2005 to January 2006) surrounded the Israeli withdrawal from Gaza and Ariel Sharon's stroke, which produced more positive coverage than usual. Furthermore, he wrote, the inquiry only looked at the BBC's domestic coverage, and excluded output on the BBC World Service and BBC World.[94]

Tom Gross accused the BBC of glorifying Hamas suicide bombers, and condemned its policy of inviting guests such as Jenny Tonge and Tom Paulin who have compared Israeli soldiers to Nazis. Writing for the BBC, Paulin said Israeli soldiers should be "shot dead" like Hitler's S.S, and said he could "understand how suicide bombers feel."[citation needed] According to Gross, Paulin and Tonge continue to be invited as regular guests, and they are among the most frequent contributors to their most widely screened arts programme.[95]

The BBC also faced criticism for not airing a Disasters Emergency Committee aid appeal for Palestinians who suffered in Gaza during 22-day war there in late 2008/early 2009. Most other major UK broadcasters did air this appeal, but rival Sky News did not.[citation needed]

British journalist Julie Burchill has accused BBC of creating a "climate of fear" for British Jews over its "excessive coverage" of Israel compared to other nations.[96]

Partners[edit]
BBC and ABC share video segments and reporters as needed in producing their newscasts. with the BBC showing ABC World News Tonight with David Muir in the UK.

The view of foreign governments[edit]
BBC News reporters and broadcasts are now and have in the past been banned in several countries primarily for reporting which has been unfavourable to the ruling government. For example, correspondents were banned by the former apartheid régime of South Africa. The BBC was banned in Zimbabwe under Mugabe[97] for eight years as a terrorist organisation until being allowed to operate again over a year after the 2008 elections.[98]

The BBC was banned in Burma (officially Myanmar) after their coverage and commentary on anti-government protests there in September 2007. The ban was lifted four years later in September 2011. Other cases have included Uzbekistan,[99] China,[100] and Pakistan.[101] The BBC online news site's Persian version was blocked from the Iranian internet in 2006.[102] The BBC News website was made available in China again in March 2008,[103] but as of October 2014, was blocked again.[104]

In June 2015, the Rwandan government placed an indefinite ban on BBC broadcasts following the airing of a controversial documentary regarding the 1994 Rwandan genocide, Rwanda's Untold Story, broadcast on BBC2 on 1 October 2014. The UK's Foreign Office recognised "the hurt caused in Rwanda by some parts of the documentary".[105]

In February 2017, reporters from the BBC (as well as the Daily Mail, The New York Times, Politico, CNN, and others) were denied access to a United States White House briefing.[106]