Bloomberg’s paywall-focused media business (comment from GigaOM)

BloombergBloomberg’s retrenching of its news operation around market-moving news briefs for traders and bankers — not to mention its deference towards the Chinese government — is a sign of how its terminal business drives every decision it makes.

“Executives on the business side insist that short bursts of market-moving news, not prize-winning investigative journalism, are what Bloomberg’s paying customers want. Editors are increasingly asked to send only brief, bullet-point news reports to terminals — easily digestible facts for traders and hedge fund managers.” For the full story click GigaOM