Joseph Weisenthal is Leaving Business Insider for Bloomberg Oct 21, 2014 05:44PM

(Updated - October 21, 2014 5:44 PM EDT)

Joseph Weisenthal (aka The Stalwart) said he is leaving Business Insider after six years. Weisenthal will be joining Bloomberg where he will help build a markets and finance news site and host a television show.

Mr. Weisenthal told the New York Times he would be putting together a team of about 10 people and is "planning to just dominate markets news, make it a must-visit destination."

Weisenthal made the announcement on Twitter, linking to the New York Times article. He said he remains "incredibly bullish" on Business Insider and admits he has a lot of his net worth in the stock. "I have no doubt it will thrive," he added.

He told Business Insider's Nicholas Carlson that Bloomberg put together an offer that "no journalist could pass up".

Updated with a statement from Bloomberg confirming the news:

Bloomberg Names Joe Weisenthal Managing Editor of Bloomberg Media's Markets Coverage

Bloomberg Media Group today announced Joe Weisenthal has been named managing editor of Bloomberg.com’s markets and finance coverage. Weisenthal will lead the editorial development of markets and finance coverage across Bloomberg’s digital brands, which sit at the core of the company’s new media strategy – first unveiled by Bloomberg Media CEO Justin B. Smith in March. Weisenthal also will host a daily markets show on Bloomberg Television. He will start on November 10th and be based out of Bloomberg LP’s global headquarters in New York City.

Weisenthal, who joined Business Insider in 2008 as one of its first employees, is the outlet’s Executive Editor and helped build a large, international newsroom – now reaching 50 million unique visitors. He has been widely lauded for his around-the-clock commitment to covering Wall Street and the economy, serving as one of the leading journalistic authorities on the inner-workings of the financial industry.

“Joe’s dedication to breaking news and beating the competition is legendary,” said Smith. “Bringing a multi-talented, digital leader like Joe to Bloomberg is a statement about what we are building here: a portfolio of high metabolism digital brands that live across TV, web, mobile, print, radio and live events – and comprehensively serve the global business and finance audience.”

“I had no interest in leaving Business Insider, and I’m incredibly proud of what’s being built there,” said Weisenthal. “But what’s going on at Bloomberg is truly exciting. I couldn’t pass up the opportunity to be part of what Justin Smith, Josh Tyrangiel, Josh Topolsky, and the rest of the team are creating.”

Weisenthal will report to Joshua Topolsky, Editor – Bloomberg Digital, who is overseeing the development of all of Bloomberg’s new digital brands and to Claudia Milne, Head of U.S. Live TV. Prior to joining Business Insider, Weisenthal was a correspondent for paidContent.org and an editor at Dealbreaker.com. Weisenthal co-founded the markets blog TheStalwart.com and was previously a writer and analyst for TechDirt.com. He began his career as an analyst for Prentiss Smith & Co.

The first new brand launched in Bloomberg’s new media strategy – Bloomberg Politics – debuted on October 6th and leads political coverage across all Bloomberg platforms. The new website,BloombergPolitics.com, is a next-generation political news site, seamlessly combining up-to-the-minute news, original video, analysis, commentary, long-form features, polling, interactive graphics and live streams. Bloomberg Politics Managing Editors Mark Halperin and John Heilemann host a new half-hour television show, “With All Due Respect,” airing at 5:00 PM ET/PT on Bloomberg TV and streaming live on BloombergPolitics.com.

Weisenthal is the most recent addition in a series of high-profile changes in Bloomberg’s consumer media operation, which began with naming Smith CEO of Bloomberg Media Group in July 2013. Since he started in September, Smith led a rapid review of Bloomberg’s entire consumer media operation and detailed a bold, aggressive new strategy. The strategy aims to build the leading, next generation media company for global business by concentrating on the development of a series of digitally-led, multi-platform new brands and broadening Bloomberg’s core audience beyond its traditional finance roots.

A steady stream of top talent has joined Bloomberg to help execute the new strategy, including:

  • Former Atlantic Media executive Zazie Lucke joining as Head of Global Marketing in October;
  • Paul Marcum, GE’s former Director of Global Digital Marketing and Programming, joining in December to become Head of Global Digital Video;
  • Leading digital talent and former Gawker and Atlantic Wire editor Gabriel Snyder joining in March, helping to lead the creation and launch of the new digital brands;
  • Chris Rovzar, former digital editor of Vanity Fair, joined in April to build Bloomberg’s digital editorial vision for luxury;
  • In May, two of the nation’s preeminent political journalists, Mark Halperin and John Heilemann, announced they would lead Bloomberg Politics;
  • Bloomberg’s overseas media operations were restructured to reflect the company’s major global media ambitions by appointing – for the first time – leadership with oversight over all media operations regions abroad. Former Guardian executive Adam Freeman joined as the first Managing Director of Bloomberg Media for Europe, the Middle East and Africa and Parry Ravindranathan was promoted to be the first Managing Director of Bloomberg Media for Asia-Pacific;
  • In June, leading advertising executive Paul Caine, who previously directed revenue efforts at Time Inc., began work as Bloomberg Media’s Global Chief Revenue Officer;
  • Renowned media executive Jacki Kelley was named Chief Operating Officer for Mediain June, serving as CEO Justin Smith’s deputy across the Media Group, and focused on driving global revenue growth, brand strength, and developing the company’s multi-platform media offerings;
  • Keith Grossman, former Associate Publisher of Wired and Ars Technica, who created some of the most innovative ad products in the industry, joined as Publisher of Bloomberg Digital and digital products;
  • And Co-founder of The Verge and former Vox Media Vice President Joshua Topolsky joined in August “bucking the trend of young, web-native journalists leaving established media brands for smaller, more nimble start-ups,” according to the New York Times. He serves as Editor – Bloomberg Digital and Chief Digital Content Officer and is overseeing the development of all of Bloomberg’s new digital brands


UPDATE: GT Advanced Technologies (GTAT) attorney says consensual accord with Apple reached - Bloomberg Oct 21, 2014 05:10PM

(Updated - October 21, 2014 5:10 PM EDT)

(Updated - October 21, 2014 4:58 PM EDT)

GT Advanced Technologies (Nasdaq: GTAT) (OTCBB: GTATQ) attorney says consensual accord with Apple (Nasdaq: AAPL) reached. The lawyer calls it an 'amicable parting of ways.' The accord will save millions of dollars and solve most issues.

The agreement will be filed with minor redaction.

UPDATE - The lawyer also said Apple will be paid once furnaces in Arizona are sold. There's one confidentiality accord that remains and no claims against Apple will be made.

The company will also be able to wind down operations and pay incentives to certain employees.


Joseph Weisenthal is Leaving Business Insider for Bloomberg Oct 21, 2014 05:44PM

(Updated - October 21, 2014 5:44 PM EDT)

Joseph Weisenthal (aka The Stalwart) said he is leaving Business Insider after six years. Weisenthal will be joining Bloomberg where he will help build a markets and finance news site and host a television show.

Mr. Weisenthal told the New York Times he would be putting together a team of about 10 people and is "planning to just dominate markets news, make it a must-visit destination."

Weisenthal made the announcement on Twitter, linking to the New York Times article. He said he remains "incredibly bullish" on Business Insider and admits he has a lot of his net worth in the stock. "I have no doubt it will thrive," he added.

He told Business Insider's Nicholas Carlson that Bloomberg put together an offer that "no journalist could pass up".

Updated with a statement from Bloomberg confirming the news:

Bloomberg Names Joe Weisenthal Managing Editor of Bloomberg Media's Markets Coverage

Bloomberg Media Group today announced Joe Weisenthal has been named managing editor of Bloomberg.com’s markets and finance coverage. Weisenthal will lead the editorial development of markets and finance coverage across Bloomberg’s digital brands, which sit at the core of the company’s new media strategy – first unveiled by Bloomberg Media CEO Justin B. Smith in March. Weisenthal also will host a daily markets show on Bloomberg Television. He will start on November 10th and be based out of Bloomberg LP’s global headquarters in New York City.

Weisenthal, who joined Business Insider in 2008 as one of its first employees, is the outlet’s Executive Editor and helped build a large, international newsroom – now reaching 50 million unique visitors. He has been widely lauded for his around-the-clock commitment to covering Wall Street and the economy, serving as one of the leading journalistic authorities on the inner-workings of the financial industry.

“Joe’s dedication to breaking news and beating the competition is legendary,” said Smith. “Bringing a multi-talented, digital leader like Joe to Bloomberg is a statement about what we are building here: a portfolio of high metabolism digital brands that live across TV, web, mobile, print, radio and live events – and comprehensively serve the global business and finance audience.”

“I had no interest in leaving Business Insider, and I’m incredibly proud of what’s being built there,” said Weisenthal. “But what’s going on at Bloomberg is truly exciting. I couldn’t pass up the opportunity to be part of what Justin Smith, Josh Tyrangiel, Josh Topolsky, and the rest of the team are creating.”

Weisenthal will report to Joshua Topolsky, Editor – Bloomberg Digital, who is overseeing the development of all of Bloomberg’s new digital brands and to Claudia Milne, Head of U.S. Live TV. Prior to joining Business Insider, Weisenthal was a correspondent for paidContent.org and an editor at Dealbreaker.com. Weisenthal co-founded the markets blog TheStalwart.com and was previously a writer and analyst for TechDirt.com. He began his career as an analyst for Prentiss Smith & Co.

The first new brand launched in Bloomberg’s new media strategy – Bloomberg Politics – debuted on October 6th and leads political coverage across all Bloomberg platforms. The new website,BloombergPolitics.com, is a next-generation political news site, seamlessly combining up-to-the-minute news, original video, analysis, commentary, long-form features, polling, interactive graphics and live streams. Bloomberg Politics Managing Editors Mark Halperin and John Heilemann host a new half-hour television show, “With All Due Respect,” airing at 5:00 PM ET/PT on Bloomberg TV and streaming live on BloombergPolitics.com.

Weisenthal is the most recent addition in a series of high-profile changes in Bloomberg’s consumer media operation, which began with naming Smith CEO of Bloomberg Media Group in July 2013. Since he started in September, Smith led a rapid review of Bloomberg’s entire consumer media operation and detailed a bold, aggressive new strategy. The strategy aims to build the leading, next generation media company for global business by concentrating on the development of a series of digitally-led, multi-platform new brands and broadening Bloomberg’s core audience beyond its traditional finance roots.

A steady stream of top talent has joined Bloomberg to help execute the new strategy, including:

  • Former Atlantic Media executive Zazie Lucke joining as Head of Global Marketing in October;
  • Paul Marcum, GE’s former Director of Global Digital Marketing and Programming, joining in December to become Head of Global Digital Video;
  • Leading digital talent and former Gawker and Atlantic Wire editor Gabriel Snyder joining in March, helping to lead the creation and launch of the new digital brands;
  • Chris Rovzar, former digital editor of Vanity Fair, joined in April to build Bloomberg’s digital editorial vision for luxury;
  • In May, two of the nation’s preeminent political journalists, Mark Halperin and John Heilemann, announced they would lead Bloomberg Politics;
  • Bloomberg’s overseas media operations were restructured to reflect the company’s major global media ambitions by appointing – for the first time – leadership with oversight over all media operations regions abroad. Former Guardian executive Adam Freeman joined as the first Managing Director of Bloomberg Media for Europe, the Middle East and Africa and Parry Ravindranathan was promoted to be the first Managing Director of Bloomberg Media for Asia-Pacific;
  • In June, leading advertising executive Paul Caine, who previously directed revenue efforts at Time Inc., began work as Bloomberg Media’s Global Chief Revenue Officer;
  • Renowned media executive Jacki Kelley was named Chief Operating Officer for Mediain June, serving as CEO Justin Smith’s deputy across the Media Group, and focused on driving global revenue growth, brand strength, and developing the company’s multi-platform media offerings;
  • Keith Grossman, former Associate Publisher of Wired and Ars Technica, who created some of the most innovative ad products in the industry, joined as Publisher of Bloomberg Digital and digital products;
  • And Co-founder of The Verge and former Vox Media Vice President Joshua Topolsky joined in August “bucking the trend of young, web-native journalists leaving established media brands for smaller, more nimble start-ups,” according to the New York Times. He serves as Editor – Bloomberg Digital and Chief Digital Content Officer and is overseeing the development of all of Bloomberg’s new digital brands


UPDATE: GT Advanced Technologies (GTAT) attorney says consensual accord with Apple reached - Bloomberg Oct 21, 2014 05:10PM

(Updated - October 21, 2014 5:10 PM EDT)

(Updated - October 21, 2014 4:58 PM EDT)

GT Advanced Technologies (Nasdaq: GTAT) (OTCBB: GTATQ) attorney says consensual accord with Apple (Nasdaq: AAPL) reached. The lawyer calls it an 'amicable parting of ways.' The accord will save millions of dollars and solve most issues.

The agreement will be filed with minor redaction.

UPDATE - The lawyer also said Apple will be paid once furnaces in Arizona are sold. There's one confidentiality accord that remains and no claims against Apple will be made.

The company will also be able to wind down operations and pay incentives to certain employees.


UPDATE: GT Advanced Technologies (GTAT) attorney says consensual accord with Apple reached - Bloomberg Oct 21, 2014 05:10PM

(Updated - October 21, 2014 5:10 PM EDT)

(Updated - October 21, 2014 4:58 PM EDT)

GT Advanced Technologies (Nasdaq: GTAT) (OTCBB: GTATQ) attorney says consensual accord with Apple (Nasdaq: AAPL) reached. The lawyer calls it an 'amicable parting of ways.' The accord will save millions of dollars and solve most issues.

The agreement will be filed with minor redaction.

UPDATE - The lawyer also said Apple will be paid once furnaces in Arizona are sold. There's one confidentiality accord that remains and no claims against Apple will be made.

The company will also be able to wind down operations and pay incentives to certain employees.


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