Friday, March 21, 2014

Puffs for the Lamps of China

Bloomberg Hints at Curb On Articles on China.  (The New York Times, 3/20/2014)

Can you spell "corporate news"?  Bloomberg, the financial data and news company, relies on sales of its terminals, which are ubiquitous on bankers’ desks around the world, for about 82 percent of its $8.5 billion in revenue. But sales of those terminals in China declined after the company published an article in June 2012 on the family wealth of Xi Jinping, at that time the incoming Communist Party chief.

In 1983, 50 corporations controlled a majority of American media. Now [2013] that number is six.


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