Bloomberg is planning a further year of aggressive investment and may make more acquisitions as the financial data group seeks to broaden its reach to become the world's “most influential source of news”.
“The game is ours to lose,” Peter Grauer, its chairman, told the Financial Times days after completing the purchase of Business Week, one of the first deals in the 28-year-old company's history.
The privately held company, which subsidises its global news operation with the profits from subscriptions to its $1,500-a-month financial data terminals, was studying whether to start charging for its content on Bloomberg.com and Businessweek.com, he said.
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